Cathie Wood’s Ark Investment has relinquished 99% of its remaining holdings in Virgin Galactic, according to Benzinga. The Thursday sale happened after the company said it will conduct the next…
Highly indebted Chinese companies are sending shivers among global investors with $2.14 trillion of bonds due by 2023, according to NIKKEI Asia. Investors believe Beijing is unlikely to bail out…
Sales of videogames fell 2% year over year in April to hit $4.6 billion, Seeking Alpha reports. The fall happens for the first time in 14 months as sales boomed…
President Biden’s proposed budget could raise annual spending to $6 trillion in the coming financial year, according to Bloomberg. The plan could bring in annual shortfalls in excess of $1.3…
India’s top digital payments Paytm hopes to raise 218 billion rupees or $3 billion in its planned year-end IPO, according to Bloomberg. If the offering succeeds, Paytm could be valued…
Airbus wants its suppliers to prepare for higher production of its bestselling planes, according to The Guardian. Airbus hopes to increase manufacture of A320 single-aisle aircraft from 40 to 45…
Manufactured durable goods saw a slip in demand as new orders fell by 1.3% to $246.2 billion in April, according to the Census Bureau press release. The fall occurs after…
U.S real GDP rose at a 6.4% annual rate in the first quarter of 2021, according to the Bureau of Economic Analysis press release. The GDP reflects last month’s advance…
U.S jobless claims plunged by 38,000 for the week that ended May 22 to 406,000, according to the Department of Labor press release. The claims were below the expected 425,000…
Norwegian Air is positioning itself as a regional carrier after emerging from a bankruptcy protection of about six months, according to Market Screener. The carrier now boasts of 51 aircraft,…
Carl Icahn may invest more than $1 billion in cryptocurrencies, investor said in interview to Bloomberg. Icahn hinted at going a “big way” in crypto investments and has been researching…
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…