Safety investigation
Peloton is facing pressure from the US Consumer Product Safety Commission (CPSC) as several children have been injured and one child has died due to an accident involving Peloton Trea...
VMware as a separate company
Dell shares surged 6.7 per cent on Thursday following news of the spin-off of VMware into a separate company. Dell will receive up to $9.7 b...
BlackRock's net profit
BlackRock Inc., the world's largest investment firm by assets under management, increased its net income by 49% in the first quarter of 2021, thanks to a rebound in global markets as the...
BAC's first-quarter profit
Net income of Bank of America Corp (NYSE:BAC). one of the largest U.S. banks, doubled to $8.1 billion, or 86 cents per share, in the first quarter of 2021, up from $4 billion, or 40 cents...
New autopilot
Xpeng Motors is stepping up competition in China's electric car market with its new P5 sedan, which gets an improved autopilot and LIDAR sensor system for autonomous driving on cit...
Banks report
Major US banks JPMorgan, Goldman Sachs and Wells Fargo reported better-than-expected Q1 2021 results amid US economic recovery thanks to government stimulus packages and a massive COVID-19 vaccination.
US banks reported the first three...
Apple's presentation
Apple has officially announced a presentation on 20 April, according to the company's website.
According to the published schedule, the presentation will take place on 20 April. However, the company did not specify what devices...
Coinbase's shares
Cryptocurrency exchange Coinbase's market entry today triggered another jump in cryptocurrencies, with bitcoin rising 5% to $63.22k Analysts have differing opinions, with valuations ranging from $60bn to more than $100bn.
Coinbase...
New York Stock Exchange premarket
Shares in Johnson&Johnson (NYSE:JNJ) fell 2.3% after US health authorities called for the suspension of the drug maker's COVID-19 vaccine because of clotting problems.
Altimeter Growth (NASDAQ:AGC) shares rose ...
Semiconductor industry
Semiconductor manufacturers in the US could receive tax breaks to boost production of chips for the automotive and other equipment industries. Intel is preparing to help supply chips to automakers.
A three...
Nvidia shares
NVIDIA held a conference call on Monday announcing its Grace server chip, BlueField-3 DPU, new NVIDIA RTX graphics chips and other new products, and raised its financial outlook for the current quarter. Intel shares were down 4.2%.
NV...
Best month
Uber shares surged after reporting record performance in March and confirming earnings forecast for 2021. Demand for Uber taxis has rebounded on the back of mass vaccinations and the lifting of quarantine restrictions in the US, with Uber...
China's largest e-commerce company, Alibaba, received its largest fine of nearly 3 billion this Saturday.
Recall that the founder of the company Jack Ma criticized the financial model and financial regulation in the country. This led to a number of...
Alkami Technology goes public
Alkami Technology will IPO on the NYSE on April 14 under the ticker ALKT. Founded in 2009, the company provides more than 150 financial institutions and banks with a complete digital banking solution, ready to facilitat...
Film award
Chloe Zhao has won the Directors Guild of America (DGA) Award in the key category. This was announced on Saturday on the website of the award.
Zhao received the award in the Best Director...
Largest fine in history
The company was accused of violating antitrust laws. Alibaba's actions had a negative impact on competition in the e-commerce market, the regulator said.
China's State Market Surveillance Administration has imposed a fine of...
Lithium prices
The world's largest lithium suppliers, China's Ganfeng Lithium and US-based Albemarle, warn that lithium prices will continue to rise as the market becomes increasingly imbalanced between supply and demand.
The world's major lithium ...
Contract to Sony
Netflix shares rose 1.4% on Thursday after the company announced a long-term contract from Sony Pictures Entertainment that will see both older films from the movie studio and 2022 releases appear on its streaming platform...
Beyond Meat in China
Shares in Beyond Meat rose 3.5% on Thursday as the company announced it was expanding its retail sales of new products at major US chains Kroger, Target and Giant Foods. Beyond Meat also announced the opening of its first produc...
Reducing the price of batteries
In its drive towards full electric vehicle production by 2035, General Motors plans to reduce the cost of its most expensive component, the battery. GM is enlisting the support of partners and...
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