SEC filing
Shares in Coinbase, one of the world's largest cryptocurrency exchanges, could soon be available on NASDAQ as the company has applied for a direct listing instead of an IPO.
Coinbase's li...
COVID-19 bailout bill
The US House of Representatives has passed a $1.9 trillion pandemic aid bill put forward by Joe Biden's team. The bill is expected to be approved in the Senate thanks to 50 votes from Democrats. In ...
Breaking state law
Facebook has agreed to pay $550 million to settle a class action lawsuit filed by Illinois residents, the New York Times reports. Each of the 1.6 million people who filed a complai...
Conflict with FINRA
Digital asset friendly platform Robinhood is in talks with a number of regulators regarding a possible settlement of claims from them. This is according to a statement sent to the US ,Secur...
FDA approves vaccine
Johnson&Johnson has received approval for emergency use of its vaccine in the US, with the advantages of single-dose administration and standard storage requirements.
Johnson&Johnson receiv...
Immigrants in the U.S.
Faced with pressure from progressive supporters to deliver on immigration policy promises, the Biden administration is reportedly planning to buy plane tickets and take illegal immi...
Record inflows of $11.6bn emerging markets
Emerging market equities lost almost 3% on Friday following a jump in US government bond yields and could show their biggest weekly decline since March 2020. The South African rand gained 1% thanks to a ral...
Deal with McDonald's and Yum! Brands
Beyond Meat (NASDAQ:BYND) products will soon be widely available at McDonald's (NYSE:MCD) and Yum! Brands (NYSE:YUM)-owned KFC (T:3420), Pizza Hut and Taco Bell's most famous fast food restaurants.
The plant-bas...
Salesforce shares and forecasts
Salesforce shares fell despite a good quarterly report as Wall Street expected higher profits in the new year with the Slack acquisition.
Salesforce (CRM) shares, up 29.2% over the past 12 months, fell 3.9% on Thursd...
U.S. unemployment
The number of jobless claims in the USA fell sharply last week to a three-month low. Retail sales data, lower COVID-19 cases and vaccination also added to the optimism. However, winter s...
Sale of AT&T's large stake
AT&T may announce the sale of a minority stake in its DirecTV, AT&T TV Now and U-Verse companies for $15bn to private equity firm TPG as early as this week, media reports said.
AT&T (T) is in advanced talk...
The company's earnings and shares
Home Depot reported a strong fourth quarter, exceeding analysts' estimates, but did not give definite forecasts for 2021 because of the pandemic and the difficulty of forecast...
Production expansion
Albemarle, the world's largest lithium producer, plans to expand its production capacity amid expectations of strong growth in global demand in the coming years, including GM and Ford's switch to electri...
Selling the division
IBM is in the early stages of talks to sell or spin off its unprofitable Watson Health division. This could help IBM streamline its business and speed up restructuring.
IBM (IBM) is considering selling or separating its Watson ...
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...
U.S. government bonds
US ten-year government bond yields exceeded 1.37% p.a., reaching their highest level in a year. This was driven by investor fears of an acceleration in the pace of consumer price increases on the back of stronger economic activ...
Facebook ad blocking
A ban on political advertising imposed before the US presidential election hit paid posts raising awareness about COVID-19. Facebook acknowledged the problem and promised to restore&n...
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 ...
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