Hyundai Motor Co. holiday-quarter profit rose 57% on increased demand for premium-margin SUVs despite overall sales volume down 5%, reports Reuters. The company expects sales in the U.S and China…
On Monday, serial blank-check dealmaker Chamath Palihapitiya invested in smart lockmaker Latch Inc. and solar lender Sunlight Financial LLC, TechCrunch reports. The two companies went public via a special purpose…
Long-time bear David Tice has warned investors to expect at least a 30% fall in stocks in a downturn that lasts two years, reports CNBC. Tice cites business-unfriendly policies from…
Moderna studies showed its Covid vaccine retains neutralizing activity against emerging strains of SARS-CoV-2, according to the company’s press release. The vaccine neutralizes all key emerging variants, including B.1.1.7 and…
GameStop stock rose as high as $136.63 on Monday, up from Friday’s close of $65.01. According to Bloomberg, the parabolic rise showcases the divide between day traders and bears expecting…
Climate action failure is the world’s most concerning risk of 2021, according to a survey by the World Economic Forum. Climate action failure is only second to extreme weather and…
Facebook spent $19.68 million on lobbying in 2020, more than any other Big Tech company, according to CNBC. The social media giant increased its lobbying spending by 17.8% from 2019,…
Walmart will provide COVID-19 vaccinations in seven more states, besides Chicago and Puerto Rico, this week and next, according to Reuters. The shots will be availed to specified populations decided…
IBM stock fell as much as 7% in extended trading on Wednesday. The decline occurred after the company reported revenues of $20.37 billion in the fourth quarter, less than expected…
Intel delivered fourth-quarter revenue of $20.0 billion or $1.42 earnings per share, exceeding October’s guidance of $2.6 billion, according to the company’s press release. Full-year revenue set an all-time record…
U.K Prime Minister Boris Johnson and Home Secretary Priti Patel did not rule out that the new lockdown will last into the summer, according to Bloomberg. The government stressed reinforcing…
Qualcomm’s market share of China’s smartphone chip market fell to 25.4% in 2020 from 37.9% in 2019 while shipments shrank 48.1%, according to CNBC. The so-called system on chips (SOC)…