U.S stocks rose while the dollar fell after U.S consumer prices rose less than expected. According to Bloomberg, the less than expected surge in consumer prices eased inflation worries fueling…
U.S Consumer Price Index for All Urban Consumers increased 0.4% in February after gaining 0.3% in January, according to the Bureau of Labor Statistics press release. The all items index…
President Joe Biden is expected to name Lina Khan, a critic of Big Tech’s market power, for a seat on the Federal Trade Commission, according to Seeking Alpha. If confirmed,…
Swedish battery maker Northvolt has acquired U.S startup Cuberg, according to Reuters. Northvolt aims to gain access to technology that would boost the range of electric vehicles that can use…
Zara owner Inditex posted a net profit of 1.1 billion euros less than forecasted 1.3 billion euros in 2020, according to the company’s press release. The net profit is a…
Chinese producer price index rose 1.7% in February from a year earlier and 0.3% from January, beating the forecasted 1.5%. According to Bloomberg, the rise in China’s producer prices raises…
Apple seeks to invest over 1 billion euros in Germany and plans to build a new facility in Munich, according to the company’s press release. The investment is part of…
Hackers breached thousands of security-camera data collected by Silicon Valley startup Verkada Inc. to access live feeds of 150,000 surveillance cameras, according to Bloomberg. Companies whose footage was exposed included…
South Korea’s Coupang Inc. is seeking a valuation of more than $58 billion in the U.S stock market debut, according to Reuters. The valuation reflects a stock offering of between…
Chinese electric carmaker Xpeng narrowed its net losses to 787.4 million Yuan in Q4 2020, from 1.15 billion Yuan in the prior quarter, according to the company’s press release. The…
Zoom Video CEO and founder Eric Yuan transferred 18 million shares worth about $6 billion to unspecified beneficiaries last week, according to Seeking Alpha. The donations are more than a…
China has put deleveraging as one of the "five major tasks" for the government in 2021 to maintain a stable debt-output ratio, according to SCMP. The move will focus on…