Sectors
Burberry Prepares to Cut Jobs Due to Plummeting Sales
British luxury clothing retailer Burberry announced that it was making hundreds of jobs redundant after allegedly initiating a restructuring program as a reaction to a drop in profits.
United Boeing 757 Safely Lands After Losing Wheel On Takeoff
A United Airlines Boeing 757 lost a landing gear wheel while taking off from LAX on July 8, but safely landed in Denver with no further incident.
[UPDATE] Bitcoin Drops as Mt. Gox Starts Repaying Creditors $9 Billion After 10-Year Bankruptcy
Bitcoin dropped 5.2% to $54,313 due to concerns over Mt. Gox's $8-9 billion Bitcoin repayment and other market sentiments that have contributed to increasing market supply and volatility.
Wall Street Sees Election as Threat to Now-Normal US Economy
Analysts believe the US economy is returning to pre-pandemic norms, but election uncertainties may bring volatility due to potential shifts in economic policies based on electoral results.