(IBM) IBM beat market forecast to report $18.7 billion revenue for the second quarter, a 3% jump compared to the same period last year. IBM’s per share profit was $2.33, more…
(Nikkei Asia) Goldman Sachs seeks to expand its investments in Japan, remaining keen on office space and data centers. Goldman plans to almost double its annual property investments to about…
(AutoNation) AutoNation reported a record profit of $385 million or $4.83 earnings per share in the second quarter. The profit represents a growth of 52% compared to $3.18 EPS for…
(SCMP) The US Treasury secretary, Janet Yellen, is concerned that the US-China Trade agreement did not address key trade issues. The trade secretary doubts whether the deal signed during the…
(CNBC) Analysts are predicting higher oil prices after OPEC+ agreed to raise output by 400,000 barrels a day. The analysts’ projection came even as oil fell by more than 2%…
(pstontine.com) The board of directors of Pershing Square Tontine Holdings has agreed to end a deal with Universal Music Group. The decision by Pershing Square Tontine reflects issues raised by…
(WSJ) Zoom Video Communications Inc. is riding on its pandemic boom with a $14.7 billion all-stock acquisition of cloud service provider Five9 Inc. Zoom expects to expand its offerings for…
(Bloomberg) Vaccine maker Moderna Inc. jumped about 11% on Friday to reach a new record high of $288.88 after reports of inclusion on S&P 500 surfaced. S&P Dow Jones announced,…
(SCMP) China’s regulatory taskforce has initiated an on-site cybersecurity scrutiny of Didi following its hasty New York listing. The inspection occurs only two weeks after authorities announced plans for cybersecurity…
(CNBC) US Treasury, Janet Yellen, has warned of rising inflation in several months to come, although she expects the situation to ease in the medium term. Yellen raised concerns that…
(Binance.com) Binance will no longer support stock tokens on its platform starting October 10, 2021 as it shifts to other product offerings. Users holding stock tokens can choose to sell…
(Ericsson.com) Telecom’s gear maker Ericsson has agreed to a $8.3 billion deal with Verizon Communications for the deployment of a 5G network in the US. Ericsson is expected to deliver…