Grab and the U.S. IPO
One of the Southeast Asia region's most promising startups, Singapore-based Grab, is exploring the possibility of a US listing, encouraged by investor interest in an IPO, Reuters reports.
Malaysia-based Grab (also kn...
Company earnings
Net income of Wells Fargo Co (NYSE:WFC). the market leader in mortgage lending and the second-largest U.S. bank by capitalization, rose 4% to $2.99 billion, or 64 cents per share, in the fourth quarter of 2020, up from $2.87 billion...
Affirm quotes
US-based Affirm Holdings, which provides installment loans to online buyers, priced its initial public offering above the market range to raise $1.2bn, Bloomberg writes. The offering was led by Morgan Stanley, Goldman Sachs and Allen C...
The company's growth and new CEO
The Intel board hopes that new CEO Pat Gelsinger (VMWare CEO, formerly Intel's CTO) can successfully continue the company's transformation in the current crisis period.
Intel (INTC) announced on Wednesday that it is...
The first federal cryptocurrency bank in the U.S.
The Office of the Comptroller of the Currency (OCC) within the US Treasury has approved cryptocurrency custodian Anchorage's application for a nationwide 'digital asset bank'...
New chips from Intel
Intel held its CES 2021 conference on Monday, where it unveiled four new processor lines for PCs and mobile devices. Intel it would ramp up production of its advanced server processors in the first quarter and&nbs...
New processor from AMD
AMD has unveiled next-generation Ryzen mobile processors with enhanced performance for gamers and professional tasks, which will start shipping in the first quarter of 2021. AMD expects 50% growth in notebook and PC processor ...
Popular messenger in America
Since the storming of the Capitol by Trump supporters and the subsequent blocking of the US president's accounts, Telegram has become the second most downloaded in the US. However, WhatsApp'...
Oil production growth
ExxonMobil can reduce its huge debt and boost revenues and profits by ramping up production of cheap oil offshore Stabroek Block in the Guyana-Suriname basin. The production price of Brent crude from one of the fields: $35 a ba...
Stock indices retreated
US stock indexes declined moderately on Monday, retreating from record highs reached late last week. Investors are weighing the risks associated with the continued rise in COVID-19 infection...
Tesla's rival
Nio has unveiled its first premium sedan ET7, with delivery starting in the first quarter of 2022. The Nio ET7 on-board computer features Nvidia processors, with more processing power than the Te...
Rising shares by mistake
"Use Signal", wrote Elon Musk on 7 January. Shares in Signal Advance rose 527 per cent on Thursday and another 91 per cent on Friday, climbing from $0.6 to $7.19. Prior to that, little was known about the small company. Acco...
Bitcoin declines
After a long period of growth, bitcoin and other digital coins began to lose ground on Monday, causing the cryptocurrency market to lose more than $170 billion in capitalisation overnight...
Indices hit record highs
US stock indices jumped to record highs in trading on Friday, ending the first working week of 2021 on the plus side. Investors all but ignored the political tensions in Washington in recent days, focusing on the prospect of...
Mars repopulation
Last year, the entrepreneur had already declared his readiness to sell all his assets. Explaining his decision then, Musk said: "Property just drags you down". The media linked such plans of the businessman to his move to Texas.
S...
Cryptocurrency fever
When the video card market was hit by the first cryptocurrency boom in history, NVIDIA long questioned how to calculate miners contribution to the company's revenue in the gaming space.
Stale Pascal generation chips then had to...
U.S. stock indices rise
Major US stock indices rose on Thursday and ended trading at record highs. The Nasdaq ended trading above 13,000 points for the first time.
The US trade deficit in November 2020 widened to its highest since August 2006 at $6...
The world's richest man
Tesla CEO Elon Musk has become the richest businessman in the world. Musk's rise in shares in the electric-car maker has led the Bloomberg Billionaires Index, which tracks the fortunes of the richest peopl...
General Motors will be a strategic partner
Honda Motor has been forced to make compromises in a changing car market. At the same time as Toyota, it has embarked on a course to create cars that use hydrogen fuel cells, and of the "purebred" electric ...
Chinese service providers
For the USA it has been an eventful week domestically, but the vector of foreign trade policy has not changed. The New York Stock Exchange (NYSE) still decided to stop trading in the securities of three Chinese telecom oper...
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