Goldman Sachs does not expect China to win the war on curtailing rising commodity prices, according to Bloomberg. Strategist Jeffrey Currie says Beijing has lost the fight to control prices…
William Ackman’s Pershing Square is closing a deal with Universal Music Group, according to the Wall Street Journal. The deal values Universal Music as much as $40 billion. The deal…
President Joe Biden would amend his infrastructure package to get Republican’s support, according to The Washington Post. The new plan proposes raising $1 trillion through tax amends that will not…
U.S Service PMI rose by 1.3 percentage points to hit a new all-time high of 64% in May, according to the Institute for Supply Management press release. The PMI represented…
Employment within the U.S private sector rose by 978,000 in May from April level, according to a report by the ADP National Employment. The jobs addition reflected the strongest gain…
U.S jobless claims extended declines to reach 385,000 for the week that ended May 29, according to the Department of Labor press release. The claims were a 20,000 drop from…
Alibaba-backed Ant Group has been approved by the Chinese market regulator to operate a consumer finance company, according to CNBC. Ant will control 50% in the new entity and contribute…
Secondhand fashion app Depop is a new target of Etsy in a $1.62 billion acquisition deal, according to CNBC. The mainly cash deal transaction is expected to close by the…
Exxon Mobil Corp shareholders are pushing for a third seat to the company’s board, according to the Wall Street Journal. Leading nominee, Engine No. 1, will play an activist role…
Norway’s finance minister expects cryptocurrencies to end frequent volatilities at some point and gain “breakthroughs,” according to Bloomberg. The finance chief Jan Tore Sanner still says he wouldn’t advise consumers…
Amazon is pushing for federal legalization of marijuana and will not test its workers on the drug, according to Marijuana Moment. The e-commerce giant will also lobby for marijuana use…
U.S Federal Reserve seeks to undo corporate bond capital obtained in 2020 through a backup facility, according to Reuters. The bonds started to cool the lending market at the peak…