DoorDash Prepares for Listing by Filing its IPO Prospectus with SEC
DoorDash, the leading food delivery app in the U.S., on Friday filed a $100 million IPO offering with the Securities and Exchange Commission as it prepares to list on the…
Volkswagen to Boost Tech Spending by 73 Billion Euros in the Next Five Years
Volkswagen plans to invest about 73 billion euros in e-mobility, hybrid technology, and digitization within the next five years, according to Reuters. The move comes as the company focuses on…
Palantir Reports 52% Growth in Third Quarter Revenues. Raises FY20 Guidance
Palantir recorded revenues of $289.4 million in Q3 2020, up 52% year over year, according to the company’s press release. Revenue rises reflect increasing demand for software in the past…
Deutsche Bank Raises Nvidia Price Target to $500 Ahead of Quarterly Earnings Release
Deutsche Bank has raised Nvidia’s share price target from $450 to $500 , as the chip-maker prepares to release Q3 2020 earnings report on November 18, according to TheStreet. Deutsche…
Initial Jobless Claims for Week Ending November 7 Fall Below Expected
U.S. initial jobless claims for the week ending November 7 were 709,000, a decline of 48,000 from the previous week’s revised level, and below the estimated 731,000, according to the…
Most Wall Street Bankers will Get Lower Bonuses in 2020 – Johnson Associates Study
Year-end bonuses, which include cash and equity awards, for most Wall Street workers will be lower this year than in 2019 due to the impact of COVID-19, Reuters reports .…
Xpeng Deliveries Surpass 8,500 Mark in Third Fiscal Quarter. Issues Q4 Guidance
Xpeng recorded 165.7% quarter over quarter and 265.8% year over year vehicle deliveries surge to attain 8,578 units in Q3 2020, according to the company’s press release. Deliveries of the…
National 4-6 Weeks Lockdown Could Control the Pandemic and Revive the U.S. Economy – Biden COVID Advisor
Dr. Michael Osterholm, the coronavirus advisor to U.S. president-elect Joe Biden, says that a lockdown of 4 to 6 weeks will help control the pandemic and revive the economy, according…
BMW is Weighting Options for Mobility Joint Venture with Daimler, CEO
BMW AG CEO Oliver Zipse hinted on Wednesday that the company is considering options for its mobility services joint venture with Daimler AG, according to Reuters. The deal could also…
OPEC Cuts Global Oil Demand in 2020 as Pandemic Recovery Looks Bleak
Rising coronavirus cases and weaker-than-expected economic outlook have prompted OPEC on Wednesday to lower global oil demand forecasts for the end of 2020 and for 2021. According to press release…
One Medical Revenues hit a New Record Above $100 million in Q3 2020. Issues Guidance
1life Healthcare Inc. (One Medical) recorded net revenues of $101.7 million in Q3 2020, a 46% rise year over year, according to the company’s press release. Ending membership hit a…
Here is why Goldman Sachs Predicts a Major Surge in Stock Market
Goldman Sachs sees a “very bullish” stock market in the wake of a coronavirus vaccine, according to Yahoo! finance. David Kostin, Goldman’s chief strategist, raised the year-end S&P 500 price…
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