Taxi-hailing operator Didi’s shares fell 7% on Thursday following a report that the Chinese regulators are planning tough penalties against it. Didi’s month-to-date losses now stand at over 24% following…
(Department of Labor) US jobless claims rose by 51,000 to hit a level of 419,000 for the week that ended July 17. The claims were higher than expected 350,000. Previous…
(BHP) Shares of Australian mining company, BHP Group, jumped 3% after it struck a deal to supply nickel to Tesla. Vandita Pant, BHP Chief Commercial Officer is foreseeing a surge…
(Bloomberg) Stellar Development Foundation is working with private equity Advent International on a potential acquisition of MoneyGram. MoneyGram has been targeted for takeover for years, with its stock up 265%…
(Nasdaq) Nasdaq Inc. announced a profit of $ 1.90 EPS, a 23% increase compared to $1.54 EPS from the second quarter of 2020. The result beat a market forecast of…
(Reuters) China is targeting more foreign investments by opening up the financial sector and improving rules for overseas banks and insurance firms courting its territory. China aims to ease market…
(Johnson & Johnson) Vaccine maker Johnson & Johnson expects $2.5 billion sales in its Covid-19 vaccine amidst doubts of its effectiveness against the delta variant. The company reported $23.31 billion in…
(ASML) ASML reported a net income of €1.038 billion from a reported revenue of €4.02 billion. The company announced a share repurchase of €9 billion that will start on 22nd…
(Netflix) Netflix's total revenue jumped to $7.3 billion in the second quarter, an increase of 19% year over year boosted by a rise in paid streaming membership. Netflix recorded an…
(Bloomberg) Foxconn Technology Group, through its automobile unit, seeks to establish a Taiwan-based joint venture with Nidec Corp. by the end of 2021. The deal aims to strengthen ties by…
(WSJ) The US has reached a deal with Germany over the completion of a contested Russian, Nord Stream 2, natural-gas pipeline bypassing Ukraine. Officials representing Washington and Berlin are expected…
(Decrypt) UK tax authority is stepping up the crypto crackdown by gathering customer data from home and overseas exchanges. The tax authority, Her Majesty’s Revenue, and Customs is already requesting…