News

Tesla exceeds $1 trillion valuation after Hertz order

Tesla Exceeds $1 Trillion Valuation After Hertz Order

On Monday, Tesla reached a massive milestone, exceeding a $1 trillion valuation after securing a big car order from Hertz. It is the fifth firm ever to reach this landmark globally. Previous companies that had also reached the $1tn valuation included Microsoft, Amazon, Apple, and Google-owner Alphabet. Tesla has just secured one of the biggest […]
Will PayPal manage to acquire Pinterest?

Will PayPal manage to acquire Pinterest?

California-based PayPal has recently struck an interest in acquiring the social media platform Pinterest. PayPal is looking to acquire Pinterest, which is currently being valued at $45bn with their shares trading at $70 a piece. Pinterest is a platform that offers a variety of tools, including scrapbooking and visual searches. The platform allows customers to […]
Microsoft to shut down LinkedIn in China

Microsoft to Shut Down LinkedIn in China

Microsoft announced the shutdown of LinkedIn in China through a blog post on Thursday. The country is continuing to expand its internet censorship and, hence, impacting a lot of companies’ operations. Microsoft to shut down LinkedIn in China has aided them to invest in another platform in the country. LinkedIn will launch a job search […]
The Fed Expects to Begin Tapering Bond Buying in November or December

The Fed Expects to Begin Tapering Bond Buying in November or December

Investors across the globe highly anticipated the two-day FOMC (Federal Open Market Committee) meeting, which ended on Wednesday. The consensus seems to be that the Fed expects to begin tapering bond buying in November or December.  Tapering has been a hot topic over the past couple of months as the central bank has been toying […]
PayPal Considering a Foray into the Stock Market

PayPal Considering a Foray into the Stock Market

Reports that PayPal is considering a foray into the stock market have been making headlines today. After a successful rollout of its cryptocurrency trading last year, PayPal is now looking at ways to offer its clients equity trading.  The California-based fintech giant has started up a new division at PayPal called the Invest at PayPal. Richard […]
Cardano Climbs 25%, Becoming 3rd largest Cryptocurrency

Cardano Climbs 25%, Becoming 3rd largest Cryptocurrency

Cardano’s cryptocurrency ADA climbs 25% to find itself as the third-largest cryptocurrency in the world. Eclipsed only by Ether and Bitcoin, the token surpassed the Binance Coin and Tether in 4th and 5th place, respectively. ADA leapt as high as $2.58 on Friday last week, cementing its all-time high. The rally was fueled by an […]
Is ByteDance Going Public Soon?

Is ByteDance Going Public Soon?

ByteDance, the Chinese owner of the social media platform TikTok, is reportedly contemplating going public soon. The Chinese conglomerate is supposed to debut on the Hong Kong exchange either in the fourth quarter of this year or early 2022.  Based on its most recent round of funding, which took place in December 2020, the company’s valuation stands at a […]
Pfizer and Moderna Raise Their Prices for the EU Market

Pfizer and Moderna Raise Their Prices for the EU Market

COVID-19 vaccine providers Pfizer and Moderna have raised their vaccine prices. Reports that the latest supply contracts signed between the European Union and the COVID-19 vaccine providers indicate higher prices began to make the headlines on Sunday.  Allegedly the price of the Pfizer vaccine went from €15.50 ($18.40) to €19.50 ($23.15), while Moderna’s new vaccine price […]
Robinhood’s Public Trading Debut Worst Ever for IPO of its Size

Robinhood’s Public Trading Debut Worst Ever for IPO of its Size

Robinhood made its public trading debut on Thursday 29th, July. The previous day, the brokerage firm was valued at $32 billion when it priced its IPO at $38 per share. When it began trading, shares initially rose 6% before falling as much as 12%.   According to reports, Robinhood’s stock market entrance was the worst recorded among 51 US firms that raised as much or more capital. Robinhood even dethroned MF Global Holdings Ltd with […]
Second Quarter Earnings of US Major Banks

Second Quarter Earnings of US Major Banks

With the second earnings quarter now on the books, investors, analysts, and traders have all turned their attention to the earning season. With vaccinations in full speed, hints of economic recovery, and market volatility, it’s been hard to guess whether the banks will be able to top their first-quarter earnings this year.   Most banks reported […]