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U.S. Listed Chinese Tech Stocks Drop Over Regulatory Concerns: FT
Thursday, March 25, 2021 - 9:18am | 444Read More...Hong Kong’s Hang Seng Tech index plummeted 5% on growing concerns of U.S. delisting and Beijing’s user data possession, Financial Times, reports. The Hong Kong-listed shares of Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings Ltd (OTC: TCEHY...
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Mastercard, SoftBank And Leading Companies Seek G7 To Create Global Tech Body: FT
Tuesday, March 23, 2021 - 7:07am | 588Read More...A group of companies, including Mastercard Inc (NYSE: MA), SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF), and International Business Machines Corp (NYSE: IBM), sought the G7’s assistance to create a new body to assist member states in tackling...
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Amazon Targets Disruption Via Internal Healthcare Service Expansion: FT
Thursday, March 18, 2021 - 9:32am | 355Read More...Amazon.Com Inc (NASDAQ: AMZN) targets expansion of its internal healthcare service to other companies. It plans to launch video calls with doctors to tap millions of U.S. citizens, the Financial Times reports. The e-commerce group plans to make Amazon Care immediately accessible to...
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SoftBank-Backed Greensill Files For Insolvency, Apollo To Buy Ailing Business Parts: FT
Tuesday, March 9, 2021 - 1:50pm | 497Read More...SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY)-backed Greensill Capital has filed for administration being unable to repay a $140 million loan to Credit Suisse and hit by defaults from its key customer GFG Alliance, the Financial Times reports. What Happened: Greensill...
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Switzerland Declines To Approve AstraZeneca COVID-19 Vaccine - Financial Times
Wednesday, February 3, 2021 - 12:32pm | 282Read More...Switzerland, the only country in continental Europe, has declined to approve the Oxford and AstraZeneca Plc (NASDAQ: AZN) COVID-19 vaccine, citing lack of data for the vaccine, the Financial Times reports. “For the vaccine from AstraZeneca, the data available and evaluated to...
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Top Us Banks To Remove Hong Kong listed Products With Exposure To Sanctioned Chinese Companies
Monday, January 11, 2021 - 8:17am | 703Read More...Top U.S. banks like JPMorgan Chase & Co (NYSE: JPM), Goldman Sachs Group Inc (NYSE: GS), and Morgan Stanley (NYSE: MS) will delist structured products listed on the Hong Kong stock exchange, according to a Financial Times publication on...
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Early Snowflake Backers Can Sell 37.9M Shares Today: What Investors Need To Know
Thursday, January 7, 2021 - 5:13am | 468Read More...Snowflake Inc (NYSE: SNOW) could see fresh selling as the lock-up period ends on more than 37.9 million shares today, the company said in an SEC filing last week. What Happened: Snowflake’s strong stock performance since its September listing has seen the stock appreciate...
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Ladbrokes Owner Entain Says MGM $11B Takeover Bid 'Significantly Undervalues Company'
Monday, January 4, 2021 - 8:04am | 633Read More...MGM Resorts International (NYSE: MGM) offered to acquire its BetMGM partner, Entain Plc (OTC: GMVHY), for consideration of £8.09 billion (roughly $11.06 billion), according to a Wall Street Journal publication. Entain has rejected the offer arguing that it...
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Discovery Streaming Service Set For Debut Today, Banks On Olympics Broadcast For Subscriber Growth
Monday, January 4, 2021 - 7:28am | 487Read More...Mass media company Discovery Communications Inc (NASDAQ: DISCA) is on track to take on Over-the-top (OTT) streaming platforms when it goes live on Monday, reports the New York Times. Discovery’s subscription video on demand (SVOD) services would cost $5 per month with...
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Sony Suspends 'Cyberpunk 2077' From PlayStation Store
Friday, December 18, 2020 - 8:37am | 475Read More...Sony Corp (NYSE: SNE) has temporarily suspended "Cyberpunk 2077" from its PlayStation store following a flood of user complaints. The title was one of the most hotly-anticipated video games of the year, the Financial Times reports. What Happened: The game,...
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Buyers Of Tesla Shorts Still Waiting For Delivery After 5 Months: Financial Times
Sunday, December 6, 2020 - 2:48pm | 389Read More...Tesla Inc (NASDAQ: TSLA) has not yet delivered branded shorts to customers who ordered them in summer, leaving some frustrated, the Financial Times reported. What Happened: In July, as Tesla’s capitalization surpassed Toyota Motor Corp’s (NYSE: TM), CEO Elon Musk ...
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Better Due Diligence Would Have Turned Up More Clues About Nikola Founder Trevor Milton: Financial Times
Sunday, December 6, 2020 - 2:31pm | 481Read More...Investors may have found warning signs about Nikola Corporation (NASDAQ: NKLA) founder Trevor Milton if they had bothered to look, Financial Times reported today in one of its regular "Big Read" features. Due Diligence Gaps: The British newspaper dug into Milton's business history,...
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Wait A Minute Before Buying Alibaba, JD On The Dip: Barron's
Sunday, November 22, 2020 - 5:27pm | 636Read More...Chinese stocks are looking tempting following some declines in the past two weeks, but traders could get an even lower buying opportunity in the weeks ahead. That's according to a Barron's article today. More Pressure: The cancelled Ant Group IPO and a rotation in the stock market...
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Amazon To Face EU Antitrust Charges: Report
Tuesday, November 10, 2020 - 7:37am | 476Read More...European Union is set to file formal antitrust charges against Amazon.com, Inc (NASDAQ: AMZN) on Tuesday, the Financial Times reports. What Happened: European competition commissioner Margrethe Vestager will announce charges against the e-tailer on Tuesday over how it uses...
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Google Faces 'In-Depth' Antitrust Investigation In India: FT
Tuesday, November 10, 2020 - 5:33am | 603Read More...After clashing with anti-trust authorities in the U.S. and the European Union, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) is now under a probe in India. The Competition Commission of India (CCI) has ordered a 60-day investigation into the search-engine giant's payment...
