(Ericsson.com) Telecom’s gear maker Ericsson has agreed to a $8.3 billion deal with Verizon Communications for the deployment of a 5G network in the US. Ericsson is expected to deliver…
(Seeking Alpha) Morgan Stanley analysts believe it is only a matter of time before American carmaker Tesla Inc. rolls out flying cars. Morgan Stanley Analyst Adam Jonas believes urban air…
(AIG) Blackstone has agreed with the American International Group Inc. to acquire a 9.9% equity stake in the latter’s Life & Retirement business. AIG will receive $2.2 billion from the…
(Federal Reserve Bank of Philadelphia) The diffusion index gauging manufacturing activity in Philadelphia fell to a reading of 21.9 in July from 30.7 in June as activity eased. Firms reported…
(Department of Labor) US Jobless claims fell by 26,000 to reach a new pandemic low and expected level of 360,000 for the week that ended July 10. The jobless claims…
(Cointelegraph) US Treasury Secretary under President Donald Trump, Steven Mnuchin, has expressed support for Bitcoin as a substitute to gold. Mnuchin says the technology behind blockchain is incredible and people…
(Office for National Statistics) The number of Brits in employment increased by 356,000 in June, signaling an improving economic outlook. The hospitality industry contributed 94,000 food and accommodation jobs with…
(National Bureau of Statistics of China) China registered a 7.9% growth in the gross domestic product in the second quarter from a year ago, a decline from the 18.3% jump…
(Federalreserve.gov) The Federal Reserve chair Jerome Powell has reaffirmed commitment to monetary goals for maximum employment and price stability. Powell pointed out, in a congressional hearing, that the Covid-19 vaccine…
(Citigroup.com) Citi bank reported a net income of $6.19 billion or 2.85 per share for the quarter ended June 30. The profit is an increase from 1.06 billion or 38…
(Reuters) US Senate Democrats have agreed to support Joe Biden’s $3.5 trillion investment plan set to be included in an upcoming budget resolution. The Democrats’ approval happens after closed-door talks,…
(WSJ) Tencent and Alibaba are considering opening up their services to one another as Beijing tightens tech regulations. The move could include lifting restrictions, which currently prevent Alibaba customers from…