Bloomberg

Alibaba Group Holding Ltd (NYSE: BABA) is trading lower Tuesday following reports suggesting China asked state firms to check their investments in Jack Ma's Ant Group. According to a Bloomberg report, citing people familiar with the matter, several regulators have asked...

Shares of Chinese companies, including Alibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU) and Pinduoduo Inc (NASDAQ: PDD), are trading lower Friday after Chinese regulators pushed for food delivery platforms to cut their fees, which sparked a selloff in delivery...

Africa’s first cannabis-focused blank check company should list this year, aiming to acquire companies in a young industry, next to genetics and wearable health-device businesses reported Bloomberg.  The founder of South Africa’s Cilo Cybin Pharmaceutical Ltd, Gabriel...

Tesla Inc (NASDAQ: TSLA) has once again come under regulatory scrutiny in relation to one of CEO Elon Musk's tweets. A 10-K Filing with the U.S. Securities and Exchange Commission shows the company has been subpoenaed in regard to a 2018 tweet in...

"Seinfeld" famously referred to itself as a show about nothing, but a recent podcast from Bloomberg floated the idea that there are certain valuable economic lessons to be learned from one of the most popular shows of all time. Alan Grant, an Associate Professor of Economics at Baker...

Tesla Inc’s (NASDAQ: TSLA) electric cars are being reviewed by the National Highway Traffic Safety Administration (NHTSA) for "phantom braking" issues, Bloomberg News reported. What Happened: The transport safety agency is reviewing complaints related to Tesla cars that...

Microsoft Corporation's (NASDAQ: MSFT) planned acquisition of game developer Activision Blizzard, Inc. (NASDAQ: ATVI) left PlayStation fans feeling left out — or at least wondering if they might be.  As part of the deal, Microsoft would acquire Activision's ...

Bill Gates and Microsoft Corporation (NASDAQ: MSFT) recognized the true potential of high-speed data and video services through a cable delivery network back in the 1990s. Microsoft announced it invested $1 billion in Comcast Corporation (NASDAQ: CMCSA) in 1997 to enhance the deployment of Comcast...

The 2022 year has started quietly for SPACs, with no deals announced in the first five trading days of the year. Although two new SPAC rumors have popped up since the market closed on Friday and both involve a well-known name in the SPAC space. Akili Interactive: A company that specializes in...

Content creator and image marketplace Getty Images announced a SPAC deal with CC Neuberger Principal Holdings II (NYSE: PRPB) on Friday, valuing the company at $4.8 billion. The company’s plans for growth include pursuing opportunities in the non-fungible token space. What Happened: Getty...

Could an alcoholic beverage company and energy drink company team up to create a more diversified beverage play for investors? That’s exactly what could be happening according to a report. What Happened: Energy drink company Monster Beverage Corp (NASDAQ: MNST) is in talks for a deal with...

Toyota Motor Corp (NYSE: TM) aims to invest billions of dollars to build a battery plant on the outskirts of Greensboro, North Carolina, to ramp up the output of electrified vehicles in the U.S., Bloomberg reports. Toyota looks to partner with Panasonic Corp (OTC: PCRFF) to...

Shiba Inu (CRYPTO: SHIB) could face a price reversion worthy of its parabolic rise, according to Bloomberg’s senior commodity strategist Mike McGlone. What Happened: In the November edition of Bloomberg’s Crypto Outlook report, McGlone described Shiba Inu as a “unique blend of...

The personal wealth of Elon Musk continues to soar at a record pace with shares of Tesla (NASDAQ: TSLA) trading higher year-to-date. As Musk soars past the rest of the top 10 on the Bloomberg Billionaires Index, he’s also passing the valuation of several Tesla competitors. What Happened: With...

The world's richest person got a lot richer Monday with Tesla Inc (NASDAQ: TSLA) closing at $1,208.74 a share, up 9% on the day. What Happened: Tesla CEO Elon Musk is the world’s richest person, as ranked by the Bloomberg Billionaires Index. The majority of Musk's wealth is credited...