China’s GDP grew 6.5% year on year in the fourth quarter, more than expected 6.1%. The overall growth in 2020 was 2.3%, with analysts now expecting China’s GDP to expand…
BMW will double its sales of fully-electric vehicles this year as it seeks to comply with CO2 emission targets and chase market leader Tesla, according to Reuters. Including plug-in hybrids,…
Aphria and other marijuana stocks rose on Thursday after the Canadian cannabis producer reported a 10% sales jump in the second fiscal quarter, according to Yahoo!finance. Aphria’s sales of $126.57…
China’s central bank said Ant Group is working on a timetable to overhaul its business while ensuring operations continue, according to Bloomberg. Regulators are in close contact with the special…
Trump administration’s actions against key Chinese chip factories have dealt a blow to automakers who now face a shortage of semiconductors, according to Reuters. Major automakers have been forced to…
U.S Treasury prices fell on Thursday after President-elect Joe Biden move forward with a $2 trillion stimulus bill. The yield on the 10-year Treasury note, which moves inversely to its…
BlackRock’s adjusted diluted EPS for the fourth quarter of 2020 was $10.18, more than expected $8.84, according to the company’s press release. The EPS increase reflected higher revenues of $4.48…
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…