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…
Invesco seeks to manage China’s $400 billion-plus state-controlled pension funds, according to the Wall Street Journal. The company is capitalizing on its almost two-decade stay in China, managing ordinary citizen’s…
Hedge fund assets surged to $4.07 trillion by the end of March as assets under management topped $4 trillion in February. According to CNBC, the asset boom was aided by…
The U.S is targeting the U.K and other five countries in retaliatory digital-service taxes on American technology firms, according to the Wall Street Journal. The retaliatory levies will be put…
$270 billion valued fund management Guggenheim Partners seeks to invest in bitcoin, according to a SEC filing. The investment will be under a new fund, “Guggenheim Active Allocation Fund.” The…
Start-up Celonis hit a valuation of $11 billion after raising $1 billion in a funding round, according to CNBC. The company’s value is now more than four times its 2019…
The world’s leading meat producer, JBS SA, is working to restore global operations affected by the cyberattack, according to Bloomberg. The company is optimistic that a large number of its…
Dogecoin surged 22% on Wednesday after Coinbase said it would allow trading of the crypto asset on its platform, Wall Street Journal reports. The rise in dogecoin was also fueled…