North america

In a surprising move, Michael Conway, Starbucks (NASDAQ:SBUX) North America CEO, has resigned after only six months in the role. What Happened: Conway, who took on the position in April, informed the company of his decision last week, as per a Securities and Exchange Commission filing. He will...

In a groundbreaking move, investment fund manager 3iQ Corp has announced plans to launch North America’s first Solana (CRYPTO: SOL)-based exchange-traded product (ETP) in Canada. What Happened: Toronto-based 3iQ said it filed a preliminary prospectus with the regulatory authorities in all of...

Taiwanese chip companies are increasingly expanding their operations in Japan, a move that is reshaping the global semiconductor industry. What Happened: The surge in Taiwanese chip companies’ presence in Japan is seen as a response to the global chip industry’s evolving landscape, with...

The fervor surrounding cryptocurrencies continues to grow, with North America spearheading institutional activity in the crypto sector. A research report by Chainalysis reveals that 76.9% of North America's cryptocurrency transaction volume is spurred by transfers of $1 million or more. This...

Bankrupt Bitcoin (CRYPTO: BTC) miner Core Scientific Inc (OTC: CORZQ) announced the purchase of 27,000 Bitcoin mining servers from Bitmain as part of a deal valued at $77 million. The deal also includes $23.1 million in cash and $53.9 million in Core Scientific common stock...

Digital asset investment products have seen outflows for the fifth consecutive week, with the total amount reaching a record high of $255 million, representing 1.0% of total assets under management (AuM). According to a report by Coinshares, while the outflows are the largest on record in dollar...

Tesla Inc. (NASDAQ: TSLA) announced price cuts for all electric vehicles on Wednesday. The reduction will come into effect after coronavirus lockdowns are eased. What Happened The prices will be reduced by 6% in North America, according to Reuters. The demand for Tesla cars has dwindled...

Johnson & Johnson (NYSE: JNJ) on Tuesday announced it is discontinuing its talc-based baby powder line in the United States and Canada. What Happened The New Jersey-based company said the decision came as part of its portfolio assessment related to novel coronavirus (COVID-19), with ...

Over-the-top online, web-based television is on. At least it is at Verizon (NYSE: VZ) after CEO, Lowell McAdam said Tuesday at the Morgan Stanley Technology, Media & Telecom Conference that the company was in talks with major content providers to provide an online TV service. Without...

Ford (NYSE: F) has big plans for 2014. Ford executive vice president of global manufacturing, John Fleming, said, “This is the fastest and most aggressive manufacturing expansion the company has undergone in 50 years.” Fleming then added, “The last time Ford was growing like this, Dwight D....

Sony's (NYSE: SNE) new video game console, PS4 sold 1 million units in 24 hours. Some of them didn’t work. Sony’s official response to Business Insider was, “We are aware that some people have reported issues with their PlayStation 4 systems. We are closely monitoring for additional reports,...

Another good quarter for Ford (NYSE: F). The auto-maker reported a record 3Q pre-tax profit of $2.6 billion early Thursday; data it says reflects continued strong performance in North America and reduced losses in Europe. Pre-tax profit for the quarter was $426 million higher than the same time...

Avon Products (NYSE: AVP) reports a strong fourth quarter, topping EPS expectations by a considerable margin. Analysts hoped for the New York firm to close the fourth quarter at $0.27 per share. Although the firm did not match its fourth quarter 2011 EPS of $0.51, it easily topped this expectation...

Level 3 Communications (NYSE: LVLT) is taking a pounding on Tuesday on word of a paltry fourth quarter. The Broomfield, Colorado firm's revenue was on par with Wall Street expectations. Analysts were looking for $1.61 billion and that's just what they got. The firm finished at this figure, topping...