Trading in the red
Western European stock indices ended trading in negative territory amid cautious global market sentiment.
Some equity investors are becoming increasingly concerned about the strong rebound in bond yields in recent weeks as it cou...
Electric car market
Market research on new car registrations in the US has shown an increase in the market share of electric cars in 2020 to a new record high, with Tesla and General Motors leading the ma...
The biggest smartphone maker
Apple (NASDAQ:AAPL) has risen to first place on the list of the world's largest smartphone makers by number of devices sold in the fourth quarter for the first time since 2016. That's according to data from research firm...
Companies spent money on a campaign against the Contractor Qualification Act and now want their money back
Uber, Lyft, DoorDash, Instacart and Postmates all raised prices. Also, companies need extra money to pay for the Proposition 22 measure under ...
Deer's quarterly profit
U.S. Deere Co (NYSE:DE)., the world's largest manufacturer of farm equipment, posted a 2.4-fold increase in net income in the first quarter of its fiscal year ended Jan. 31 to $1.22 billion, or $3.87 per share, up from $517 m...
EU recovery
US exchange-traded fund WisdomTree (NASDAQ:WETF) has launched a bond ETF to support economic recovery efforts in the EU after the COVID-19 pandemic.
The ETF will invest in bonds issued by the EU to finance initiatives aimed at reducing ...
U.S. stock indices
The US Treasury Secretary Janet Yellen, who called for additional stimulus measures, supported the shares of sectors, which are sensitive to the situation in the economy. Yellen spoke in support of the $1.9 trillion stimulus packa...
Walmart and Q4 earnings
Walmart shares fell on Thursday after the company reported lower revenues and profits than analysts' estimates, and gave a forecast of lower sales and profits due to rising wages and capital expenditure on the e-commerce...
Risky business
Virtually inexhaustible investor demand for even the riskiest corporate debt is allowing struggling companies in the U.S. to raise funds at rates so low that previously only highly-rated borrowers could a...
Electric cars
The US House of Representatives intends to restore incentives for buyers of electric cars, which could significantly boost sales of manufacturers such as Tesla, GM, Ford and others. The new bill requi...
Smart watch
Facebook is developing a smartwatch, reportedly to be able to be used as a standalone talking device and will initially come with Google's Android OS.
Facebook (FB) is in the process of developing a smartwatch that will be a competitor ...
Negotiations terminated
Apple has failed to secure a partnership with either Hyundai or Nissan to create an Apple-branded autonomous electric car, according to responses from company offici...
Mistake by Google
Google has been fined 1.1 million euros in France for mistakenly ranking hotels, according to a communique from the French competition, consumption and anti-fraud directorate-general (DGCCRF) of the Ministry of Economy.
"An invest...
Cryptocurrency regulation
The adoption of bitcoin by big companies requires clear regulations to be implemented as soon as possible, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce told Reuters in an interview.
In her view, a...
New electric cars from GM
GM on Sunday unveiled the redesigned Chevrolet Bolt EV 2022 and the larger, new Chevrolet Bolt EUV crossover with Super Cruise autopilot system. GM aims to reach its target of 30 electric vehicles over t...
Deutsche Bank and cryptocurrency service
Financial conglomerate Deutsche Bank plans to launch a cryptocurrency custodial service aimed at large investors. This follows a December 2020 World Economic Forum (WEF) report.
The document states that Deut...
Replacing plastic bottles with paper bottles
Coca-Cola intends to sell its first paper-bottled beverage this summer, according to a company press release.
It says the "innovative packaging format" will be tested in Hungary and will sell t...
Derivatives trading
Latin America's largest cryptocurrency exchange, Bitso, announced the acquisition of European crypto derivatives platform Quedex.
Quedex, like Bitso, is licensed by the Gibraltar...
Nvidia wants to buy Arm
US chipmaker Qualcomm has expressed its opposition to a possible acquisition of Arm by Nvidia, which last September said it was prepared to pay $40 billion ...
PayPal shares and targets
Shares in PayPal rose after the company announced plans to launch new financial services on its platform over the next two years, in particular stock trading and the creation of "high-yield savings ...
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