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...
New high
Twitter shares rose after reporting Q4 revenues and profits above Wall Street forecasts. However, Twitter missed expectations for user growth and also reported a 20% increase in staff this year, which will increase total costs by more than ...
Profit of Japan's SoftBank Group
Japan's SoftBank Group Corp. posted net income of 1.17 trillion yen (about $11 billion) in the third fiscal quarter, thanks to investments in Vision Funds, The Wall Street Journal reported.
The company had investmen...
Negotiations by the companies
Hyundai and KIA Motors (KS:000270) have denied media reports that they are allegedly in talks with Apple (NASDAQ:AAPL) to develop autonomous electric cars.
The South Korean carmaker notes that it has received requests ...
Deal with Drizly
Uber shares rose 7% on Tuesday on the back of the announcement of the acquisition of major alcohol delivery company Drizly for 90% of Uber's ordinary shares.
International online taxi orderin...
Net profit growth
Net profit at Japanese gaming console and video game maker Nintendo Co (T:7974). for the third quarter of fiscal 2020-2021, up 1.9 times to 375.67 billion yen ($...
Company's sales
Apple surpassed the high expectations of Wall Street analysts by reporting new record figures for the past holiday quarter. The company noted a boom in iPhone upgrades in China a...
Intel beat Wall Street expectations
Intel's Q4 financial report was better than Wall Street estimates thanks to strong PC sales growth, but the forecast for Q1 2021 suggests a decline from last year's figure.
Intel's (INTC) Q4 financial report was ...
Quarterly results and company forecasts
UnitedHealth reported better fourth-quarter results than analysts had expected, while maintaining its December forecast for the full year 2021.
UnitedHealth Group (UNH) reported higher revenues...
Shares of financial companies
Major US banks JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) reported their fourth quarter 2020 results. Shares in all three banks declined on Friday amid a general market decline following a pessimistic gov...
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...
Treasury bond rises
Ten-year US Treasury bond yields (TBY) rose above 1% on Wednesday, marking the first time since March. The yield on ten-year US Treasury bonds rose above 1% on Wednesday, the firs...
Tesla's competitors
Chinese rivals Tesla: Nio, Li Auto and Xpeng have reported a surge in electric car deliveries amid an economic recovery from the pandemic. Wall Street analysts forecast more sales ...
Hacker attack
They were able to infiltrate the IT giant's internal networks by hacking into its supplier, SolarWinds. Microsoft stressed that no customer data had fallen into the hands of the hackers, nor...
Vaccine approval has impacted on stock rally
The European stock market rallied on Wednesday as Britain approved a COVID-19 vaccine developed jointly by AstraZeneca (LON:AZN) and Oxford University, while bets on addition...
Ending the year with growth
The US stock market ends 2020 on an upswing despite the COVID-19 pandemic.
The Standard Poor's 500 Index jumped 66% from this year's low in March, the early days of the pandemic. Leading the gains were shares of Tesla (N...
US trades
The US stock market ended Friday's trading in negative territory after posting record highs a day earlier. However, major indicators ended the week on the plus side, with the S&P 500 up 1.3% and the Dow Jones up 0.4%. The Nasdaq was up...
Employees to be laid off around the world
The Coca-Cola Corporation will lay off up to 2,200 employees worldwide, including 1,200 in the US. This was reported by The Wall Street Journal on Thursday.
It is noted that the number o...
Zoom's forward-looking statements and quarterly results
Zoom shares fell on Monday despite the fact that the company surpassed its third quarter and fourth quarter forecasts. At the same time, it is difficult for Zoom to compete in the large corpora...
Delivery of vaccine
United Airlines (UAIR) has launched charter flights in which the company delivers COVID-19 vaccine to special warehouses located around the world. This is in order to ensure that ...
NEW YORK NEWS
News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova
Development Director
