(CNBC) JPMorgan will launch a digital bank in the UK next week, taking on major local lenders that include Barclays, HSBC, Lloyds, and NatWest. The launch of the digital bank…
(WSJ) Shares of Invesco Ltd rose at least 8% in premarket on news it is holding talks over a potential deal to merge with State Street Corp.’s asset-management business. The…
(Bloomberg) The People’s Bank of China injected 90 billion yuan or $14 billion on Friday in the banking system to address the funding crisis and the Evergrande debt problem. Fig:…
(Bloomberg) Macau’s big companies in the gambling sector lost a record $18.4 billion of combined market value following China’s revision of gambling laws. The new regulations require more sector’s stake…
(Bloomberg) Cathie Wood’s Ark Invest added at least 236,000 shares of Robinhood on Tuesday, with an estimated value of $10 million. The fund unloaded 89,000 shares of Tesla valued at…
(Bloomberg) China has warned lenders to cash-strapped developer Evergrande Group not to expect interest payments due on September 20 as massive debt restructuring looms. Fig: Evergrande’s Dollar Bonds The warnings,…
(Microsoft) Microsoft Corp. announced an 11% increase in the quarterly dividend to $0.62 per share on Tuesday, in comparison to the last quarter. Company has approved a share buyback plan…
(WSJ) Intuit, Inc. has offered to buy Mailchimp, an email marketing firm, in a deal of $12 billion. The move targets the growth potential of small and mid-size enterprises. The…
(Bloomberg) South Korea’s regulators have fined Google $177 million for blocking rivals from its Android operating system. Fig: Android Dominance The South Korea’s regulator says Google’s actions sustain its dominance…
(Bloomberg) China has said it will consolidate its electric vehicle industry, which is already seeing the mushrooming of so many players. The regulators are encouraging industrial mergers and restructuring to…
(CNBC) Tech giant Apple Inc. is widely expected to unveil the latest version of its products during its seventh straight virtual annual launch on Tuesday. Among the expected releases are…
(CNBC) Dan Gallagher, the chief legal officer at Robinhood, says he does not expect the Securities and Exchange Commission to ban the controversial payment for order flows. Gallagher, who previously…