Credit Suisse Incurred a $4.7B Loss on Archegos Mishap
Credit Suisse Group AG lost $4.7 billion from the meltdown of Archegos Capital Management, according to the Wall Street Journal. The bank slashed its dividend and said its investment banking…
Yellen Calls for Global Minimum Tax Ahead of Crucial IMF and World Bank Meeting
Treasury Secretary Janet Yellen has called for a global minimum corporate tax rate, according to the Wall Street Journal. Her calls focus on ensuring that governments have stable tax systems…
U.S Supreme Court Finds no Copyright Infringement by Google on Oracle’s Java
U.S Supreme Court on Monday ruled in favor of Alphabet Inc.’s Google in a multibillion-dollar copyright battle with Oracle Corp., according to the CNBC. The 6-2 opinion ruling overturned a…
Tesla Projected to Add $50 Billion on its Value after Record EV Deliveries
Tesla Inc. was set to add about $50 billion to its market value after its shares surged 8% in premarket trading on Monday, according to Reuters. The stock surge was…
Goldman Assigns Roblox a “Buy” Rating with $81 Price Target
Goldman Sachs analyst Michael Ng has set a $81 price target for Roblox after assigning the online video game a “buy” rating, according to The Fly. The premium rating reflects…
Dow Jones Leads Futures Gains with More than 200 Points Jump
Dow Jones Industrial Average futures recorded an opening gain of about 230 points as investors cheered strong U.S job growth and accelerating vaccine rollout. S&P 500 futures and Nasdaq 100…
U.S Should be Aggressive to Level Playing Field with China-Kevin O’Leary
Celebrity investor Kevin O’Leary called for ‘extremely aggressive’ steps to level the economic playing field between the U.S and China, according to CNBC. O’Leary says Washington should make Chinese entities…
Netflix’s Rivals Pull Closer in Loyalty to Service as Disney+ Leads in New Survey
Hub data shows 77% of U.S consumers, who added streaming services during COVID-19 pandemic, will keep Disney Plus and only 7% will drop it, reports Seeking Alpha. That compares with…
SoftBank Boosts Push in Public Companies with $1.2 Billion Investment in Invitae
SoftBank Group Corp. is expected to lead an investment of almost $1.2 billion into genetic-testing provider Invitae Corp., according to the Wall Street Journal. The investment, in the form of…
Celebrity Investor O’Leary to Pursue ‘Clean’ Bitcoin. Shuns Chinese ‘Blood Coin’
Celebrity investor Kevin O’Leary will only buy bitcoin mined sustainably in countries that use clean energy, according to CNBC. O’Leary says he will buy coins he knows where and when…
IMF: Global Economy ‘Dangerously Diverging’ Despite Robust Growth this Year
The International Monetary Fund believes global prospects are ‘diverging dangerously’ due to differences and deficiencies in post-pandemic recovery, reports Bloomberg Quint. With the world’s economy projected to grow by 6.9%…
Samsung Projected to Report a 45% Jump in Profits in the First Quarter
Samsung Electronics Co. Ltd.’s profit is believed to have surged 45% for January-March, according to Reuters. The purported jump was fueled by bumper sales of smartphones, TVs, and home appliances…
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