UPS Announces Q4 Results, Revenues Grew by 21.0%
UPS recorded a revenue of $24.9 billion in the fourth quarter of 2020, up 21.0% year over year, according to the company’s press release. Q4 diluted loss per share was…
Robinhood Raises Additional $2.4 Billion, Eases Trading Restrictions
Robinhood Markets’ investors added $2.4 billion on Monday, raising cash infusions to the online brokerage firm to $3.4 billion, according to Bloomberg. The firm aims to use the fresh funds…
Ford and Google Enter a 6-Year In-Car Connectivity and Cloud Services Deal
Ford has entered into a six-year deal with Google to form a tech giant responsible for the automaker's growing in-vehicle connectivity, according to CNBC. Google will offer cloud computing and…
EU Wants Court to Overturn $15.7 Billion Tax Ruling Relief on Apple
EU antitrust officers say the court erred when it scrapped their order for Apple to pay 13 billion euros or $15.7 billion in Irish taxes, according to Reuters. The General…
Elon Musk Used a Wireless Implant to Enable a Monkey to Play Video Games
Elon Musk has claimed that one of his startups has a monkey with wire implants into its brain to enable it to play video games, reports Bloomberg. The Tesla CEO…
Citron Stops Publishing Short-Selling Research after GameStop’s Shock
Citron’s short-seller Andrew Left has warned that his company will no longer publish short-selling reports, according to Reuters. The development follows outrage against Citron by Wallstreetbets after retail traders sent…
Morgan Stanley Expects Chinese Consumer Spending to Double by 2030
Chinese consumer spending is expected to grow by 7.9% a year to hit $12.7 trillion in the next ten years with services leading, according to CNBC. The projected spending is…
Eli Lilly Results: Profit Jumps 41.5% on Covid Antibody Sales Strength
Eli Lilly recorded a 41.5% growth in fourth-quarter profits ending December 31, according to the company’s press release. The earnings were boosted by higher demand for its diabetes drugs and…
Retail Frenzy, Wall Street Squeezes, and Regulatory Rhetoric in 11 Hours Trading Mania
Retail traders piled into heavily shorted shares of GameStop on Wednesday, which had already gained 276% in the past five days. According to Bloomberg, the Wednesday trading frenzy was propelled…
American Airlines Announced Q4 Results, Loss Per Share Is Lower than Expected
American Airlines posted a fourth-quarter net loss of $2.2 billion or ($3.81) per share, better than expected $3.86 loss per share, according to the company’s press release. The full-year net…
Climate Action: Biden’s Early Climate Move Swift than Anticipated
U.S president Joe Biden caught oil executives by surprise as he revoked the cross-border Keystone XL pipeline permit on his first day in office. Stopping the Keystone XL project is…
GameStop’s Surge Comes to a Standstill as Trading Platforms Block Stock Buys
GameStop’s stock traded within double-digit losses and gains in early New York trading after Robinhood markets restricted its trading, reports Bloomberg. GameStop, AMC Entertainment Holdings Inc., Express Inc., BlackBerry Ltd,…
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