Adobe’s Net Income Jumps to $1.2B in Q3 as Revenue Rises
(Adobe) Adobe, Inc. announced a net profit of $1.2 billion in the third quarter of 2021, an increase compared to $955 million in the same period last year. The company’s…
Zoom’s $15B Deal for Five9 Under Justice Department’s Scrutiny Over Security Risks
(WSJ) US Justice Department is reviewing national security risks posed by the $15 billion buy deal by Zoom Video Communications Inc. for Five9 Inc. The Justice Department says there could…
PayPal Rolls Out New All-in-One App With Crypto Services
(PayPal) American financial giant PayPal Holdings Inc. has rolled out a new mobile application that integrates crypto, savings, and deposits under one platform. The new PayPal application is touted as…
Helbiz Media Stock More Than Doubles After Its Deal With Amazon
(Helbiz) Helbiz Media, a broadcasting arm of Helbiz Inc., has inked a three-year deal with Amazon Italy to distribute Helbiz live content and the Italian Serie B Championship. The broadcast…
US Current Account Deficit Widens by $0.9 Billion in the Second Quarter
(BEA) The deficit on trade in goods and services and income flows between US residents versus the rest of the world was $190.3 billion in Q2, an increase of $0.9…
Google Defies Remote Working Trends With $2.1B Acquisition of Manhattan Building
(WSJ) Google is expanding into physical office space with a $2.1 billion acquisition of Manhattan office building, amid continuing uptake of remote working. Google is currently a tenant in the…
US Housing Permits Climb 6.0% in August to Remain Elevated from Prior Year
(Census Bureau) US building permits for privately-owned housing units reached an annual rate of 1.728 million in August, up 6.0% from July. The permits are now 13.5% higher than the…
Uber Raises Market Optimism After Upgrading Guidance
(CNBC) Uber shares rose by about 6% in premarket trading after raising its expected gross bookings to between $22.8 billion and $23.2 billion for the third quarter. The bookings were…
US Bancorp Agrees to an $8B Deal to Acquire MUFG Union Bank
(WSJ) US Bancorp will buy MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group in a cash and stock deal of $8 billion. The deal includes $5.5…
Chronicle NFT Platform Banks on Sustainability and User Friendliness to Gain Traction
(Twitter) Chronicle is collaborating with the NEAR protocol to deploy an environmentally sustainable NFT platform that allows users to transact digital collectibles from top brands. Chronicle features 2D and 3D…
JPMorgan Debuts the Long-Awaited British Digital Bank
(Reuters) JPMorgan has launched the digital bank Chase in the UK as part of its expansion plans and move to counter the growing influence of fintech. JPMorgan is now expected…
North American Semiconductor Billings Drop 5.4% in August
(SEMI) North American semiconductor equipment manufacturers recorded an average of $3.65 billion in worldwide billings in the three months to August 2021. The billings were 5.4% below the July’s final…
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