US Govt Shutdown Hits Southwest Airlines, Q1 Revenues Fall $60 Million

Shares of Southwest Airlines fell sharply on Wednesday after the low-cost carrier disclosed that the government shutdown which lasted for 35 days had a larger impact than previously thought. In a U.S. Securities and Exchange Commission filing, Southwest Airlines indicated that the estimated revenue impact of the shutdown had increased by up to six times. …

Egyptian Billionaire Naguib Sawiris Defends Trump’s Trade War, Blasts China for ‘Raping Us’

In what is bound to be pleasing to the ears of U.S. President Donald Trump, Egyptian billionaire Naguib Sawiris has sided with the hardline stance that the leader of the world’s largest economy has taken amid the ongoing U.S.-China trade war. Speaking with CNBC, Sawiris agreed with Trump’s well-known sentiment that China has been taking …

Gaming Giant Activision Blizzard Stock Could Get Crushed [Again] Tonight

It’s been a brutal few months for Activision Blizzard Inc. stock. Shares have fallen 51% since in October 2018, with little sign of easing up. Tonight, Activision reports its fourth-quarter earnings after the US market closes. It’s a make-or-break moment for traders who hope to see Activision come back fighting. Activision Blizzard Inc. stock falls …

Facebook’s Crypto Shopping Spree Isn’t Over Yet. Here’s Who Else They Might Acquire.

Facebook’s crypto ambitions are reportedly not limited to its acquisition of blockchain startup Chainspace, according to The Information. Facebook Has Met with at Least Three More Crypto Startups Citing unnamed sources, the publication said Facebook has been eyeing several blockchain startups with a view of making acquisitions. Some of these firms include Algorand, Basis and …