Invesco Predicts Limited S&P 500 Returns in the Next Decade
(Invesco) Investment giant Invesco says S&P 500 returns in the next ten years will be limited, pointing to the Shiller PE ratio reading above 38, which suggests that the market…
Starbucks Selects Meituan for Coffee Deliveries in China as Sales Falls
(Reuters) Starbucks has partnered with China’s leading food delivery entity Meituan for the distribution of coffee as it seeks to grow Covid-19 hit sales in its second-biggest market. Chinese consumers…
Activision Blizzard Addresses Claims of Sexual Harassment by Firing Employees
(WSJ) More than three dozen employees have exited Activision Blizzard Inc., while up to 44 others have been punished as the company addresses allegations of misconduct. The move by Activision…
JPMorgan’s FY21 Net Profit Hit a Record Amid a 14% Decline in the Fourth Quarter
(JPMorgan) JPMorgan Chase reported a record $48.3 billion net profit in the financial year 2021 on the back of investment banking increase and lower loan losses. In the fourth quarter…
Macau Will Allow 6 Casinos, Operation Granted Up to 13 Years by the New Law
(Bloomberg) Macau has come up with a proposed law that will allow a maximum of six casinos to operate for a term of 10 years, redeemable for another 3 years.…
Meta’s Facebook Faces a $3.2 Billion Fine in Class Action Suit over Market Dominance
(Reuters) Meta’s social media giant Facebook is targeted in a class-action lawsuit in the UK over market dominance that could lead to a fine of up to 2.3 billion pounds…
Nvidia Becoming a Go-To Chip Maker for Chinese EV Makers in Catch up With Tesla
(CNBC) US chip giant Nvidia is riding on new successes in China as top EV startups, including Nio and Xpeng, turn to it for their supplies to rival market leader…
Ford Enters the $100 Billion Club as Investors Bet on its EV Prospects
(Bloomberg) Ford Motor Co. shares rose up to 3.84% on Thursday to trade at $25.40 apiece, helping the company to top the $100 billion market capitalization. The new milestone by…
Virgin Galactic’s Announced $500 Million Debt Dents Stock
(Virgin Galactic) Shares of Virgin Galactic plunged more than 15% on Thursday after the company said it eyes $500 million debt. The company will float $425 million convertible senior notes…
Swiss National Bank Announces a Successful Test of “Wholesale” CBDC with 5 Banks
(SNB) The Swiss National Bank says it has used a digital version of currency to settle transactions with five different banks. Known as Project Helvetia, the trials were conducted in…
TSMC Announces $44B Capex to Address Chip Issues as Q421 Income Hits a Record
(TSMC) TSMC intends to invest $40 billion to $44 billion in 2022 to address chip issues, with the shortages propelling it to a record NT$166.23 billion or $6 billion net…
Cruise Operator Genting Stock More than Halves in Resumed Trading on Debt Issues
(CNBC) Genting Hong Kong shares fell more than 50% on Thursday after resuming trading since it was halted four days ago. The fall in the cruise operator’s stock happened after…
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