South Korea’s Coupang Inc. is seeking a valuation of more than $58 billion in the U.S stock market debut, according to Reuters. The valuation reflects a stock offering of between…
Chinese electric carmaker Xpeng narrowed its net losses to 787.4 million Yuan in Q4 2020, from 1.15 billion Yuan in the prior quarter, according to the company’s press release. The…
Zoom Video CEO and founder Eric Yuan transferred 18 million shares worth about $6 billion to unspecified beneficiaries last week, according to Seeking Alpha. The donations are more than a…
China has put deleveraging as one of the "five major tasks" for the government in 2021 to maintain a stable debt-output ratio, according to SCMP. The move will focus on…
Euro STOXX 600 rose 0.1% on Tuesday after Monday, gains pushing the German's index to a record high as other global stocks also rose. The rise in global stocks was…
The U.S government can deliver $1400 coronavirus checks once Congress finalizes a new aid bill and President Joe Biden signs it, according to Reuters. Experts warn the expanded child tax…
Norwegian oil billionaire Kjell Inge Rokke’s Aker ASA is setting up a new business Seetee AS, to tap into the potential of bitcoin, according to Bloomberg. Rokke believes bitcoin will…
Ethereum blockchain developers’ 2015 proposal to destroy some ether used in transactions could reduce the supply of the cryptocurrency, according to Bloomberg. Known as EIP 1559, the change will become…
Brent crude futures rose 2.65% to $71.20 a barrel for the first time in more than a year in Asian trading hours on Monday. According to CNBC, the surge in…
Senate Democrats released an updated version of the $1.9 trillion stimulus plan on Thursday ahead of chamber voting by the end of the week, according to Bloomberg. The plan includes…
Mall owner Washington Prime Group shares fell as much as 63% as news emerged it is preparing a bankruptcy filing, reports Bloomberg. The filing comes after talks between the real…
The U.S Defense Department is weighing the $10-billion contract it awarded to Microsoft Corp. over a legal battle with rival Amazon, according to a report. The Pentagon could pull the…