The International Monetary Fund has warned of highly uncertain global prospects characterized by divergent recoveries from the pandemic. With global growth projected to hit 6% this year, IMF says recoveries…
Sarcos Robotics will go public through a merger with special purpose acquisition company Rotor Acquisition Corp. according to the company’s press release. The combined company has an enterprise value of…
SAP shares closed up 4.8% on Monday after news emerged Google will stop using Oracle and adopt its internal financial software in the coming weeks, reports CNBC. There is no…
Hon Hai Precision Industry Co. recorded a revenue jump of 44% to NT$1.34 trillion or $47 billion in the first quarter, according to the company’s press release. The revenue was…
Higher energy prices and strong results from the trading division helped British Petroleum to record a solid start to the year, according to the Wall Street Journal. The results gave…
The value of the cryptocurrency market topped $2 trillion for the first time on Monday, driven by a rally in the second-largest digital coin, ether. The market capitalization of the…
Credit Suisse Group AG lost $4.7 billion from the meltdown of Archegos Capital Management, according to the Wall Street Journal. The bank slashed its dividend and said its investment banking…
Treasury Secretary Janet Yellen has called for a global minimum corporate tax rate, according to the Wall Street Journal. Her calls focus on ensuring that governments have stable tax systems…
U.S Supreme Court on Monday ruled in favor of Alphabet Inc.’s Google in a multibillion-dollar copyright battle with Oracle Corp., according to the CNBC. The 6-2 opinion ruling overturned a…
Tesla Inc. was set to add about $50 billion to its market value after its shares surged 8% in premarket trading on Monday, according to Reuters. The stock surge was…
Goldman Sachs analyst Michael Ng has set a $81 price target for Roblox after assigning the online video game a “buy” rating, according to The Fly. The premium rating reflects…
Dow Jones Industrial Average futures recorded an opening gain of about 230 points as investors cheered strong U.S job growth and accelerating vaccine rollout. S&P 500 futures and Nasdaq 100…