Wall Street Journal

PayPal Holdings Inc’s (NASDAQ: PYPL) payment app Venmo will soon allow users to sell products and services on their accounts for a fee effective July 20, the Wall Street Journal reports as the company disclosed. Previously users were prohibited from receiving money for...

Uber Technologies Inc (NYSE: UBER), Lyft Inc (NASDAQ: LYFT), and DoorDash Inc (NYSE: DASH) drivers are flocking to a wave of apps tailored for better functioning gig work, the Wall Street Journal reported. What Happened: Gridwise Inc's app, which collates...

Amazon.com Inc (NASDAQ: AMZN) planned to announce commitments to buy 1.5 gigawatts of production capacity from 14 new global solar and wind plants to purchase enough renewable energy to cover every company activity by 2025, the Wall Street Journal reported. Amazon, Alphabet Inc...

Ant Group Co. discussed with China's state-owned enterprises to form a credit-scoring company by Q3 to put the fintech giant's proprietary consumer data under regulators' purview, the Wall Street Journal reports. What Happened: The initiative could lead to Ant surrendering...

Apple Inc (NASDAQ: AAPL) raised qualms about direct app download on iPhones bypassing Apple’s App Store, as lawmakers and regulators targeted the iPhone maker, including the Epic Games Inc lawsuit, Bloomberg reported. What Happened: Apple argued that the move to bypass the...

The self-driving truck startup, Embark Trucks Inc, is planning to go public via the special-purpose acquisition company (SPAC) route by merging with Northern Genesis Acquisition Corp II (NYSE: NGAB) in a deal valued at $5.2 billion, the Wall Street Journal reported. Embark is...

The Wall Street Journal identified at least ten individuals who had their profiles blocked or posts removed from the China version of Microsoft Corp’s (NASDAQ: MSFT) LinkedIn since May as the nation’s domestic internet firm crackdown gained steam. What Happened...

Power tool company Stanley Black & Decker Inc (NYSE: SWK) CFO Donald Allan Jr is seeking partnerships with battery and chip manufacturers to ease the pressure on the tool maker’s supply chain, the Wall Street Journal reports. What Happened: The company is seeking...

TikTok parent ByteDance Ltd FY20 revenue jumped 111% year-on-year to $34.3 billion, the Wall Street Journal reports. The gross profit expanded 93% Y/Y to $19 billion. ByteDance had about 1.9 billion monthly active users across all its platforms as FY20 compared to 1.5 billion...

Chinese truck startup, Full Truck Alliance Co or Manbang Group aims to raise to $1.57 billion from its U.S. initial public offering (IPO), the Wall Street Journal reported. What Happened: Manbang provides an Uber Technologies Inc (NYSE: UBER)-like service via...

A Chinese software developer sifted Alibaba Group Holding Ltd’s (NYSE: BABA) Taobao shopping website for eight months and secretly collected over 1.1 billion pieces of user information before Alibaba noticed, the Wall Street Journal reported from a Chinese court verdict....

The U.S. government has started extending financial incentives and other enticements to countries severing ties with China's Huawei Technologies Co., Ltd and ZTE Corp (OTC: ZTCOF) that allegedly pose national security risks, the Wall Street Journal reports. What Happened: ...

Hackers stole data from McDonald's Corp's (NYSE: MCD) systems in markets including the U.S., South Korea, and Taiwan based on an internal security system investigation, the Wall Street Journal reports. The breach disclosed some business contact information for U.S. employees...

Uber Technologies Inc’s (NYSE: UBER) Chinese counterpart, Didi Chuxing Technology Co, could fetch a valuation of over $70 billion, the Wall Street Journal reported based on its initial public offering (IPO) filings. What Happened: Didi could raise around 8-10% of the...

The world’s largest asset manager was trending on Twitter Inc (NYSE: TWTR) Thursday, but it wasn’t under the stock or finance sections. Buying Up Neighborhoods: On Thursday, publicly-traded BlackRock, Inc. (NYSE: BLK) was trending on Twitter under the politics section. And, there...