Uber will Consider Venturing into Cannabis Delivery-CEO
Uber CEO Dara Khosrowshahi expects the company to start delivering cannabis once federal regulation allows it to do so, according to CNBC. The CEO sees an opportunity in cannabis delivery,…
Tesla Upgraded Following its Trillion-Dollar Energy Market Endeavor
Analyst Jed Dorsheimer upgraded Tesla’s stock to buy from hold and gave it a target of $1,071 on its energy market focus, according to Bloomberg. The analyst predicts Tesla’s energy…
Higher Input Prices Likely to Cause a Rise in Corporate Profits
Rising material costs are likely to be reflected on the corporate bottom lines, according to the Wall Street Journal. Analysts say that higher input costs generally accompany broad economic growth,…
Bitcoin Surpasses the $60,000 Mark on Supply Constraint Speculations
Bitcoin rose past $60,000 to approach record highs on the weekend. According to Yahoo! Finance, the surge was fueled by talks of constrained new supplies against evidence of broader adoption.…
Software Maker UiPath Targets up to $1.1 Billion in US Listing
Automation software maker, UiPath Inc. and its shareholders seeks to raise up to $1.1 billion in its US initial public offering, according to Bloomberg. The company will offer 6.8 million…
Microsoft in Late-Stage Discussions to Acquire Nuance for About $16 Billion
Microsoft is in advanced talks to buy speech-recognition company Nuance Communications for about $16 billion, according to CNBC. A transaction could reportedly be signed as early as Sunday and announced…
U.S Bond Yields Projected to Rise Following $271 Billion Bond Auctions
U.S Treasury auctions offering of $271 billion new debt could reignite a rise in bond yields and a fall in prices, according to Reuters. U.S inflation data for March, set…
Amazon Workers in Alabama Voted against Unionization. Here is Why
Amazon.com Inc. workers in Alabama voted against unionization on broad concerns about job security, according to the Wall Street Journal. The workers were also convinced that their pay and benefits…
China’s Regulator Fines Alibaba a Record $2.8 Billion
China State Administration for Market Regulation fined Alibaba Group Holding 18.2 billion Yuan or $2.8 billion, according to SCMP. SAMR stated that Alibaba abused its dominant market position in China’s…
NIU is Set to Launch the Anticipated RQi Electric Motorcycle this Year
NIU plans to release the first version of its highly anticipated RQi electric motorcycle later this year, according to electrek. The electric motorcycle will officially launch first in China and…
McDonald’s to Close Doors of Several Restaurants at Walmart Stores
Around 150 McDonald’s restaurants will remain at the US Walmart locations after another wave of planned closures, according to the Wall Street Journal. Closures target low-volume stores and are expected…
Airbus Shares Surge on Higher Deliveries in March
Airbus shares surged more than 2% early on Friday following a jump in deliveries, mainly in China and the US in March, according to Reuters. The company reported slightly higher…
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