World news

BNPL stocks react after the UK proposed regulatory changes

The unsecured credit market has been expanding with each passing year. The growing need for credit has risen for the diverse range of goods, demanded...

PayPal caps off 2020 in style with record numbers

Buoyed PayPal Holdings Inc. (NASDAQ:PYPL) today unveiled an excellent set of numbers to present the fourth-quarter and full-year 2020 results. Riding...

GameStop’s shares closed higher as company makes new leadership appo...

GameStop shares have lost significant value after smashing through the roof last week. On Wednesday, the meme stock closed 2.68% higher at $92.41, but...

What you need to know about Andy Jassy, Amazon’s Next CEO

American multinational technology company Amazon is undergoing a major transformation, as Founder Jeff Bezos is all set to step down as the CEO after...

Wall Street rally continues on strong corporate earnings 

The major Wall Street equity indices extended their rally to the third consecutive day on Wednesday on strong corporate earnings and better-than-expec...

Spacex‘S Starship Explodes During Second Test Flight Landing, FAA To...

  Elon Musk’s private space company SpaceX’s next-generation Starship rocket -- Starship prototype Serial Number 9 (SN9) -- though l...

Global tech tax: EU officials join US counterparts for early rollout...

A global tech tax is in the works, which means tech giants around the world will be hit with higher taxes, after the European Union officials had a de...

Hormel is eyeing to buy Kraft Heinz’s brand Planters 

  The Kraft Heinz Company (NASDAQ: KHC) is in talks with Hormel Foods Corporation (NYSE: HRL) to sell its Planter...

Exxon Mobil Shifts Gears to Clean Technologies Amid Investors’ Press...

US oil and gas giant Exxon Mobil announced a new business venture called ExxonMobil Low Carbon Solutions focusing on low-emission technologies. The co...

T-Mobile Finalises Price to Buy Shentel Wireless Business

Mobile telecom company T-Mobile has finally settled upon a price with Shentel or Shenandoah Telecommunications Company to purchase its wireless assets...

Buying frenzy cools off; is there any steam left in GameStop short s...

The rally in GameStop has probably come to an end as the share price tanked by a massive 60 per cent on Tuesday and closed the session at US$90. The u...

Myanmar Coup Explained: Here’s What Exactly Happened

The reports of an unfolding military coup in Myanmar have shocked the world. The military has reportedly detained National League for Democracy (NLD)...

Who is replacing Jeff Bezos as Amazon CEO?

Even before coronavirus pandemic, Amazon CEO Jeff Bezos had lowered his participation in the company's day-to-day operations. On Tuesday, Amazon annou...

Oil Giant BP Posts Dismal Annual Performance; Q4 Numbers Improve

 Global oil & gas trading giant British Petroleum (BP) has announced the fourth-quarter and full-year 2020 results. The Company registered a...

Apple Taps Bond Market for the Third Time Amidst Aggressive Share Bu...

Apple Inc plans to sell USD 14 billion worth of bonds in order to take advantage of the current cheap borrowing cost, tapping the market for the third...

Will tough times force oil majors ExxonMobil and Chevron into a merg...

The crude oil prices' dismal situation during the peak of COVID-19 got the chief executives of two major oil companies ExxonMobil (NYSE:XOM)&nbsp...

US stocks extend gains after GameStop reversal continues

Extending gains to the second straight day, the US stocks jumped on Tuesday after a sharp reversal in GameStop’s stock value continued. The mani...

Wheels Up eyes NYSE with enterprise value of $2.1 billion

  Wheels Up, the New York-headquartered private aviation firm, has been eyeing to list on the New York Stock Exchange (NYSE) with the company no...

GME shares tank after short squeeze; 4Q earnings due 

GameStop shares lost track on Monday in the US, closing nearly 31% lower at $225. In the after-hours trading, the stock took a further plunge of 15.77...

Robinhood raises USD 3.4B to support its burgeoning customer base

Online trading app Robinhood had an exceptional run during the pandemic as it experienced exponential growth last year. To invest in its growing custo...