General Electric Projects Negative Cash Flow in “Softer” First Quarter – CEO
General Electric expects a cash outflow in the first quarter of 2021, according to Reuters. The projections are based on CEO Larry Culp who said the first three months of…
Goldman Continues with Digital Banking Push with Marcus Invest Robo-Adviser
Goldman Sachs Group Inc. is launching an automated wealth-management platform to invest customer funds across managed portfolios, according to Reuters. Consumers can open an account with Marcus Invest with a…
Palantir Slips after Fourth-Quarter Loss. Revenue Higher than Projected
Palantir stock fell 10% on Tuesday morning after the company reported a loss per share of 8 cents, according to the company's press release. Q4 revenue was $322 million, up…
China Taking Aim at U.S. with Rare Earths Limitation as Trade War Intensifies
Beijing is reportedly exploring a decision to limit the export of rare earth minerals to hurt U.S. defense contractors, according to Financial Times. The rare earth minerals are crucial in…
Alternative Protein Sector Poised for Growth as Investors Pump Money
Israel’s Redefine Meat Ltd has raised $29 million to build a large-scale pilot factory and begin sales of its 3-D printed facsimiles of beef cuts this year, according to Bloomberg.…
The World Could Record First Electric Aircraft Flight in Less than Half a Decade
Manufacturers are competing to launch the first electric aircraft, reports Seeking Alpha. The competition could lead to the launch of the first commercial passenger flight of an electric vertical take-off…
Deliveroo Plans 8 March for IPO Launch
Food delivery startup Deliveroo is reportedly planning to lay out plans for an initial public offering in London on March 8, according to Bloomberg. The date is subject to change,…
Uber Calls the EU to Introduce a Framework for Gig Economy
Uber has asked the European Union to implement reforms that protect drivers and couriers operating through an app, according to CNBC. The reforms could include new laws similar to proposition…
US Stock Market Takes a Pause to Observe Presidents’ Day
Traders will get an extended weekend to observe Washington’s Birthday, also known as President’s Day, celebrated on the third Monday of February. The New York Stock Exchange and Nasdaq will…
Could China Use U.S Tech Supplier for Unauthorized Intrusions?
U.S investigators found tampering products made by Super Micro Computer Inc., according to Bloomberg. China is believed to be at the center of meddling with Super Micro products for unauthorized…
U.S Consumer Sentiment Plunges to a Six-Month Low as Inflation Expectations Surge
U.S consumer sentiment index fell to a six-month low of 76.2 from 79 last month, according to the University of Michigan press release. The consumer sentiment was far much below…
Richard Branson’s Virgin Galactic Slips on Delayed Rocket Tests
Virgin Galactic Holdings Inc. fell by 9.2% to $53.95 in early trading after it delayed a test flight of the SpaceShipTwo Unity, according to Bloomberg. The test, set for Saturday,…
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