The need for digital transformation will continue post-pandemic, ServiceNow CEO Bill McDermott said. People adjusted to communicating quickly with businesses online and that won’t change as society reopens, he said.  That dynamic will result in continued demand for ServiceNow’s workflow automation tools, he said.  See more stories on Insider’s business page. As businesses eye a post-pandemic future, the demand for […]

General Motors plans to invest more than $1 billion in a plant in Mexico to produce electric vehicles. DETROIT — General Motors plans to invest more than $1 billion in Mexico to produce electric vehicles, the company announced Thursday.   The investment in its Ramos Arizpe production complex is the first major announcement by the automaker for EV production in Mexico following billions […]

Unity National Bank is a Black-owned bank in Texas and Georgia. Unity’s interest rates aren’t very strong, but it’s a good option if you’re looking for low minimum deposits. The bank charges monthly service fees on most accounts, although you may qualify to waive them. See Insider’s guide to Black-owned banks and credit unions » Should you use Unity National […]

The 30-share bluechip index is rebalanced on a semi-annual basis with next rejig slated for June 18. Wipro or Tata Steel are likely to dislodge state-owned Oil and Natural Gas Corporation (ONGC) in the benchmark Sensex, according to an analysis done by Brian Freitas, an independent analyst publishing on Smartkarma. The 30-share bluechip index is rebalanced on a semi-annual basis […]

Social media giant Facebook Inc. (NASDAQ: FB) reported first-quarter results that included a 46% increase in ad revenues year over year. Monthly active users rose by 10% and daily active users rose by 8%, to 2.85 billion and 1.88 billion, respectively. In a research note published late Wednesday, Canaccord Genuity analysts Maria Ripps and Michael Graham maintained their Buy rating […]

By Kate Conger Twitter said on Thursday that its revenue in the first quarter of the year was $1.04 billion, a 28 percent increase from the same quarter the previous year that modestly exceeded analyst expectations. Net income for the quarter was $68 million, a turnaround from an $8.4 million loss in the same quarter a year ago. Twitter’s first […]

Better days might lie ahead for retail as COVID-19 vaccines help open up the economy — but how long will the good times last?  Moody’s Investors Service raised its outlook on the U.S. retail and apparel sector to positive for the next 12 to 18 months while leaving the door open for a downgrade back to stable as the bounceback […]