Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as its senior adviser reports Bloomberg Quint. Slootman will help Blackstone’s portfolio companies with a focus on its platform…
Qualcomm Inc. will acquire Nuvia Inc., a chip startup founded by Apple veterans, for $1.4 billion, according to release. The company plans to put the firm’s technology into its smartphone,…
Italian American carmaker Fiat Chrysler is set to pay 2.9 billion euro or $3.5 billion special dividend on January 29, according to Reuters. The special dividend, worth 1.84 euros per…
Bridgewater founder Ray Dalio said China would emerge as a rival to New York and London as the world's financial center, according to Financial Times. Dalio referred to a “defining…
Intel Corp. has held talks with Taiwan Semiconductor Manufacturing Co. and Samsung about making some of its best chips, according to Yahoo!finance. Amid successive delays in its chip fabrication, Intel…
U.S drugmaker Gilead raised its total product sales forecast to the range of $24.30 billion to $24.35 billion, on increased sales of remdesivir, reports Reuters. The company raised its adjusted…
Nintendo Co Ltd shipped 1 million Switch consoles in China since it launched the video game device at the end of 2019, according to Reuters. The figure surpasses the combined…
Chinese electric scooter firm Niu Technologies shares rose almost 16% on Thursday after reporting a surge in sales, according to CNBC. Niu sold 149,705 e-scooters in the fourth quarter of…
Hyundai Motor stock rose more than 20% in Seoul trading after confirming early-stage talks with Apple to develop a self-driving car, reports Seeking Alpha. The talks lay a basis for…
U.S officials are considering prohibiting Americans from investing in Alibaba Group Holdings and Tencent Holdings Ltd, according to Reuters. The move follows Trump’s executive order in November that bans U.S…
U.K auto sales recording the lowest levels since 1992, followed by Fiat Chrysler U.S auto sales declining more than the industry average. Tiffany posting record net sales boosted by China’s…
Sales of new cars in the U.K fell by almost 30% in 2020 due to the coronavirus pandemic and shuttering of showrooms, reports CNBC. New car registrations amounted to 1,631,064…