Investments into the ETF industry is projected to increase in future as wealthy Americans seek to limit their looming capital gains taxes, according to Bloomberg. ETFs are considered to be…
Union Square closed at a valuation of $4.6 billion on the day Coinbase was Nasdaq listed, according to Bloomberg. Co-founder Fred Wilson, who once termed bitcoin as “fantasy,” had put…
Valneva SE, a small French biotech, is offering a vaccine that is more effective against variants of the coronavirus, according to Bloomberg. A participant from phase three trials could be…
Nestle has acquired supplements and vitamins manufacturer The Bountiful Company from KKR for $5.75 billion, according to press release. The companies expect to finalize the deal in the second half…
China’s manufacturing purchasing managers’ index plunged from 51.9 in March to 51.1 in April, according to the National Bureau of Statistics press release. The index was below the projected 51.8…
Twitter recorded a revenue of $1.04 billion, a gain of 28% year over year, according to the company’s press release. Revenue was fueled by robust brand advertising in March and…
Amazon posted a first quarter revenue of $108.5 billion, a 44% jump from the same period last year, according to the company’s press release. Net income in the quarter more…
China’s internet giant Tencent faces more than 10 billion yuan or $1.54 million penalty for failing to report past business deals, according to Reuters. Tencent is also accused of anticompetitive…
US jobless claims for the week ending April 24 came at 553,000, down 13,000 from the previous week revised level, according to the Department of Labor press release. The jobless…
The US recorded an annual rate of growth of 6.4% in Q1 2021, less than the expected 6.5% according to the Bureau of Economic Analysis press release. First-quarter growth reflected…
Samsung Electronics had revenue of KRW 65.39 trillion in Q121, a record 6% jump from the previous quarter, according to the company’s press release. Operating profit gained 4% from the…
The Federal Reserve maintained near zero interest rates and retained the pace of asset repurchases, according to the statement. The central bank acknowledged uptick in economic recovery. Fed chair Jerome…