GlobalFoundries is working with Morgan Stanley as it launches its first U.S initial public offering, according to Bloomberg. The chipmaker company could be valued at $30 billion should the deal…
Nvidia Corporation projects a strong demand for chips used in gaming PCs, crypto mining, and data centers, according to Bloomberg. The company, largest chipmaker in the U.S, expects current quarter…
CSI 300 Index gained as much as 0.18% on Thursday after China reported that its April’s industrial profits jumped 57.0% year over year. China’s industrial profits hit 768.63 billion Yuan…
HSBC Holdings Plc seeks to cut its retail footprint in the U.S by selling 90 of its 148 branches, according to Wall Street Journal. The bank also seeks to exit…
Apple seeks to bring on board a business development executive experienced in digital assets, according to Coindesk. The executive will be in charge of “partnership payments” and will lead Apple’s…
Nordstrom shares fell 7% on Tuesday after its Q1 2021 loss per share of $1.05 disappointed investors’ bet of $0.57 per share loss. First quarter revenue was $3.01 billion, beating…
Oreo maker Mondelez International Inc. is expanding its brand portfolio through a $2-billion deal with Chipita SA, Bloomberg reported. The transaction is expected to contribute to profits immediately. It will…
Amazon has agreed to buy MGM for $8.45 billion, according to press release. The e-commerce giant will capitalize on MGM’s IP collections in film to exploit new opportunities in quality…
Blockchain platform Chia Network Inc. explores a traditional IPO as soon as this year, according to Bloomberg. The listing endeavor comes after the company hit about $500 million valuation after…
About 4.8% of the $357 billion SPDR S&P 500 ETF shares are out on loan, the highest this year, according to Bloomberg. The figure is above 2% recorded in about…
China EV maker Li Auto anticipates sales of about 10,000 cars every month from September, according to press release. The projections is an upgrade after deliveries jumped 11.3% last month…
Bitcoin miners in China’s Inner Mongolia region face punishments in new crackdowns, according to CNBC. Businesses could also lose their licenses for participating in crypto mining. Individuals laundering money through…