Amazon’s Union Election Attracts 55% Voter Turnout
About 55% voter turnout was recorded in the closely watched Amazon.com Inc. union election in Alabama, according to Reuters. The public vote tally is expected to start as early as…
Here is the UAE Stock that is Up 70% in 3 Weeks that Analysts Know Little About
Shares of the International Holdings Co. PJSC have jumped more than 70% since March 22, according to Bloomberg. The 13-day uninterrupted rally has now propelled the company's value past the…
PayPal Co-founder Sees Bitcoin as China’s Weapon against the U.S
PayPal co-founder and venture capitalist Peter Thiel says China could use bitcoin as a financial weapon against the U.S, according to Decrypt. As bitcoin becomes a functional reserve currency, the…
Goldman Downgrades India’s Growth by More than 2% as Covid-19 Bites
Goldman Sachs on Tuesday lowered India’s growth forecast for April-June quarter from 33.4% year-on-year to 31.3%, according to CNBC. The investment bank cited lower consumption and services activity due to…
JPMorgan CEO Sees Economic Boom Lasting up to 2023, Shadow Lenders Catching Up
JPMorgan CEO Jamie Dimon is optimistic the pandemic will end with a U.S economic rebound that could last at least two years, according to Bloomberg. Excess savings, new stimulus, huge…
Oil Recoveries to Help Shell Turn First Profit this Quarter Since Pandemic Started
Royal Dutch Shell Plc expects to make the first profit from pumping oil since the start of the pandemic, according to Bloomberg. Shell's upstream unit, which largely handles crude exploration…
Toshiba Receives an Offer of $20 Billion from CVC to Go Private
Japan’s Toshiba Corp. is exploring a $20 billion offer from private equity firm CVC Capital Partners to take it private, according to Reuters. CVC targets a 30% premium over Toshiba’s…
Patreon Grows Valuation to $4 Billion after Funding Round
Patreon Inc., an online platform that connects creators with fans, hit a valuation of $4 billion in a $155 million investment round, according to the Wall Street Journal. The value…
Japanese Household Confidence Jumps to a 8-Year High amid Price Pressures
Japanese Central Bank survey showed that households’ economic outlook confidence in March jumped to an eight-year high of minus 8.5 from minus 23.1 in December. 62.4% of households expect prices…
Amazon’s Bezos Backs Biden’s Infrastructure Plan and Corporate Tax Increases
Amazon founder and CEO Jeff Bezos supports President Joe Biden’s $2 trillion infrastructure plan and corporate tax increases, according to the company’s statement. Bezos says the Congress has supported infrastructure…
Facebook is Testing a Venmo-like QR Codes for its Payments Service in the U.S
Facebook is testing a new QR code feature and payment links for use with Facebook Pay, according to Techcrunch. The QR code feature, similar to Venmo’s QR codes, will allow…
Cryptocurrencies Boosted with the Formation of Lobby Group
Fidelity Investments and Square Inc. are leading other financial firms in forming a trade group to shape the regulation of cryptocurrencies, reports The Wall Street Journal. The Crypto Council for…
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