Niu Technologies Stock Surge 16% on Sales Rise
Chinese electric scooter firm Niu Technologies shares rose almost 16% on Thursday after reporting a surge in sales, according to CNBC. Niu sold 149,705 e-scooters in the fourth quarter of…
Trump Vetoes $740 Billion Defense Bill, Breaks with Republican-led Senate
President Donald Trump on Wednesday vetoed a colossal defense bill that authorizes a topline of $740 billion in spending and outlines Pentagon policy, according to CNBC. Trump said the Act…
Google is Partnering with Aramco to Access Saudi Arabia’s $10 Billion Cloud Market
Google is set for a joint venture with Saudi Arabia’s oil giant Saudi Aramco to open a “cloud region” , CNBC reports. The collaboration taps into the rapidly expanding cloud…
Pfizer and BioNTech to Supply U.S. with 100 Million Additional COVID-19 Vaccine Doses
Pfizer and BioNTech agreed on Wednesday with the U.S. government to supply additional 100 million doses of COVID-19 vaccine, according to the company’s press release. The agreement brings the total…
U.S. Senate Passes Giant Package Worth More than $2.3 trillion
U.S. Senate on Monday passed a giant year-end spending bill worth more than $2.4 trillion, the second-largest economic relief measure in history, according to Bloomberg. The spending bill combines $900…
Tesla’s Stock Slide in Premarket on First Day of Trading on the S&P 500 Index
Shares of Tesla dropped 6.4% in premarket trading on Monday after being added to the S&P 500 Index. The slip follows Friday gains of about 5% when tens of millions…
Congress Agrees on $900 Billion Relief Plan
U.S. Congressional leaders reached a deal on Sunday worth about $900 billion to bolster the U.S. economy devastated by the coronavirus pandemic, reports Bloomberg. The House of Representatives and the…
Here is What Investors Anticipate ahead of Tesla’s Inclusion into S&P 500
Electric vehicle maker Tesla is expected to enter the S&P on Monday in what will be the largest rebalancing in the history of the index, reports CNBC. Investors are now…
Partial Shutdown of U.S. Government Possible, Says GOP Senator
Senate Republican, John Thune, said the U.S. government is at risk of a partial shutdown over the weekend, reports Bloomberg. Thune believes some senators will object extending short-term funding as…
Roku Surges 7.4% on Deal Agreement with AT&T to Carry HBO Max
Roku shares jumped as much as 7.4% to $349.98 in premarket trading on Thursday, after agreeing to carry AT&T Inc.’s HBO Max. The deal allows AT&T to potentially reach millions…
Texas and Nine U.S. States Sue Google for Working with Facebook to Break Antitrust Law
Texas led other nine U.S. states to sue Google on Wednesday for cooperation with Facebook to maintain dominance in the online advertising, Reuters reports. The states asked Google to compensate…
U.S. Retail Sales Wanes Further on Rising Virus, Lack of Additional Fiscal Stimulus
U.S retail sales fell 1.1% in November, a second consecutive month, dimming hopes of economic recovery from the pandemic recession, according to CNBC. Retail sales were weighed down by restrictions…