(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…
(Bloomberg) Electric vehicle maker Tesla Inc. recorded a 29% jump in registrations of Model 3 sedans and Model Y sports utility cars made at its Shanghai factory in June from…
(IBM) IBM beat market forecast to report $18.7 billion revenue for the second quarter, a 3% jump compared to the same period last year. IBM’s per share profit was $2.33, more…
(Nikkei Asia) Goldman Sachs seeks to expand its investments in Japan, remaining keen on office space and data centers. Goldman plans to almost double its annual property investments to about…
(AutoNation) AutoNation reported a record profit of $385 million or $4.83 earnings per share in the second quarter. The profit represents a growth of 52% compared to $3.18 EPS for…
(SCMP) The US Treasury secretary, Janet Yellen, is concerned that the US-China Trade agreement did not address key trade issues. The trade secretary doubts whether the deal signed during the…
(CNBC) Analysts are predicting higher oil prices after OPEC+ agreed to raise output by 400,000 barrels a day. The analysts’ projection came even as oil fell by more than 2%…
(pstontine.com) The board of directors of Pershing Square Tontine Holdings has agreed to end a deal with Universal Music Group. The decision by Pershing Square Tontine reflects issues raised by…
(WSJ) Zoom Video Communications Inc. is riding on its pandemic boom with a $14.7 billion all-stock acquisition of cloud service provider Five9 Inc. Zoom expects to expand its offerings for…