Existing home sales plunged 6.6% in February to an adjusted annual rate of 6.22 million, according to the National Association of Realtors press release. The sales were still 9.1% higher…
South Korean Internet giant Naver has reportedly initiated negotiations to acquire a stake in the country’s largest cryptocurrency exchange, Bithumb, according to Cointelegraph. The stake seeks to enable Naver to…
China’s JD.com would invest $800 million in on-demand delivery firm Dada Group, according to Reuters. The e-commerce firm would own about 51% of Dada after the investment. The investment by…
Samsung Electronics Co. has secured a contract with Japanese mobile operator NTT Docomo Inc. to supply 5G network equipment, according to Reuters. The equipment includes support for open interfaces, dubbed…
Canadian Pacific Railways Ltd. 's Keith Creel entered into a deal to buy Kansas City Southern for a record $25 billion, according to press release. The deal creates the first…
Cathie Wood’s Ark Invest expects Tesla’s stock to rise to the $3,000 mark by 2025, according to Reuters. In the best-case scenario, the fund projects Tesla’s market capitalization to reach…
Saudi Aramco will make a $75 billion dividend payout, the largest of any listed company, according to Bloomberg. The payout, which almost all goes to Saudi Arabia’s government, comes amid…
Turkish markets plunged, after Erdogan dismissed the country’s central bank Chief Naci Agbal. The fall in the stocks, bonds, and the lira follows concerns that Turkey is headed for a…
U.S-China talks got off to a rough start in Anchorage, Alaska, on Thursday as both sides reprimanded each other, according to CNBC. The meeting, initially meant to be a four-minute…
Bank of America has set a 2.15% target for the U.S 10-year Treasury yields by year-end, according to Reuters. The bank revised the target up citing “much more aggressive” U.S…
The U.S Department of Justice has launched an investigation into Visa Inc.’s practices on its debit-card transactions, according to Bloomberg. The agency is scrutinizing network rules for routing in-store and…
Purpose ETF, the pioneer Bitcoin ETF, has increased its assets under management to $1 billion, according to Seeking Alpha. The first-ever Bitcoin ETF fund was started to make the cryptocurrency…