Small cap Russell 2000 value index is up 21% this year, thanks to the growing popularity of meme stocks led by AMC and GameStop. Comparatively, the Russell 2000 growth index,…
(Reuters) Beijing hit tech giants on Monday with a fresh regulatory move that requires them to stop blocking each other’s links on their platforms. China’s Ministry of Industry and Information…
(Valneva) Specialty vaccine maker Valneva SE suffered a blow after the UK exercised a provision allowing it to terminate a supply deal for Covid-19 vaccines. The UK government cites a…
(Market Screener) Shares of China’s real estate developer Soho plunged as much as 35% on Monday in Hong Kong after a $3 billion purchase talks by Blackstone Group collapsed. Soho…
(Bloomberg) U.S. House Democrats are proposing an increase in the corporate tax rate to 26.5%, from the current 21%, against an earlier 28% rate in Biden’s proposal. The move is…
(Yahoo! Finance) A US district court Judge has granted an injunction requested by Epic Games Inc. against Apple’s App Store seeking to allow alternative payments for consumers. Federal judge Yvonne…
(Markets Insider) President Joe Biden’s call to his Chinese counterpart Xi Jinping on Friday raised optimism globally on the revival of trade between the two rivals. Global stocks surged following…
Reliance Industries Limited has postponed a planned launch of a low-cost smartphone in India in partnership with Google due to chip shortage, according to Reuters. The launch, which had been…
(Affirm) Affirm Holdings Inc.’s earnings dropped to a net loss of $128.2 million in the fourth quarter of 2021, from a net profit of $34.8 million in the same period…
(WSJ) Uber Technologies, DoorDash Inc., and Grubhub Inc. have filed a lawsuit in a New York federal court to protest a fee cap by the city authorities. The food-delivery firms…
(Forbes) The 90-day missions of the United States Navy’s solar-powered drone Skydweller will be run on the software of Palantir Technologies Inc. Currently being developed by the Skydweller Aero, the…
(Dallas Fed) Robert Kaplan, the president of the Federal Reserve Bank of Dallas, engaged in more than 1 million stock trades last year. Fellow regional Fed leaders only made modest…