Category: Techology Advancement

Uber Lays Off 3,000 Employees (VIDEO)

The rideshare company already announced plans to lay off 3,700 employees earlier this month.

Uber is laying off 3,000 more employees and shutting down 45 of its offices as it deals with the impacts of the coronavirus pandemic. 

Uber CEO Dara Khosrowshahi made the announcement in an email on Monday. He said that “hoping the world would return to normal within any predictable timeframe … was not a viable option.” 

Amid stay-at-home orders and closed businesses to curb the spread of COVID-19, Uber saw an 80% decrease in global demand for rideshare this April compared to last year. Ride-hailing usually

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Why Is Badger Meter (BMI) Down 1.5% Since Last Earnings Report?

It has been about a month since the last earnings report for Badger Meter (BMI). Shares have lost about 1.5% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Badger Meter due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

Badger Meter Q1 Earnings Beat Estimates, Revenues Up

Badger Meter reported impressive first-quarter 2020 results, with

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U.N. gathering of world leaders unlikely to be ‘business as usual’

By Michelle Nichols

UNITED NATIONS (Reuters) – The United Nations is looking at different ways to hold its 75th annual gathering of world leaders – traditionally held in New York City – because “we’re not going to have business as usual in September,” a U.N. spokesman said on Thursday.

New York City is an epicenter for the global coronavirus pandemic. The new coronavirus causes the respiratory illness COVID-19 and has killed hundreds of thousands of people globally.

“It’s hard to imagine that the traditional General Assembly with thousands and thousands of people descending on New York and on the U.N.

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Taiwan Semiconductor, Nvidia, AMD, Qualcomm and Broadcom

For Immediate Release

Chicago, IL – May 12, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Taiwan Semiconductor Manufacturing Co. TSM, Nvidia NVDA, AMD AMD, Qualcomm QCOM and Broadcom AVGO.

Here are highlights from Monday’s Analyst Blog:

Chip Stocks Driving “The New Normal”

Chipmakers are at an exciting and highly uncertain inflection point right now. 5G technology is just beginning to ramp-up, and datacenters giants are starting to hyperscale

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Companies Like Bio-Gene Technology (ASX:BGT) Are In A Position To Invest In Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

Given this risk, we thought we’d take a look at whether Bio-Gene Technology (ASX:BGT) shareholders should be worried about its cash burn. For the purposes of this article, cash burn is the annual rate at which

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