Dennis Mutua

Democrats in U.S House of Representative Preparing a $2.2 Trillion Pandemic Stimulus Package

Richard Neal a member of the Democratic Party and a U.S. Representative for Massachusetts has revealed that democrats in the House of Representatives are preparing a $2.2 trillion stimulus package for the pandemic. Speaker of the House Nancy Pelosi says she is ready to discuss with White House on the matter. The package could be […]

United Wholesale Mortgage to go Public Through a Merger Deal

U.S based United Wholesale Mortgage LLC has announced that it will be going public through a merger deal with a special purpose acquisition company (SPAC) Gores Holdings IV Inc. (GHIV). This deal will value United Wholesale at $16.1 billion. SPAC’s are also referred to as blank check companies. Under the deal, United Wholesale will retain 94% […]

Amazon Introduces Climate Friendly Program for Buyers to Get Sustainable Products

Leading online retailer Amazon Inc. (AMZN) launched a climate friendly program which will help buyers to shop for sustainable products. The company says this move is part and parcel of its expectation to be net carbon neutral by 2040. In a statement, Amazon said it has updated its platforms with 25,000 products with ‘climate pledge […]

Two Shopify Employees Attempt to Steal Customers’ User Data

Ottawa based e-commerce company Shopify Inc. (SHOP) has come out to reveal two of its employees attempted to steal transaction records of its customers. Targeted transactions were the ones for clients with less than 200 merchants. The company said exposed client’s data included name, address, email and other personal records. Nonetheless, the attempted theft did […]

Intel Secures License to Continue Supplying Huawei

Technology company Intel Corporation (INTC) announced having secured a license from the government of United States to continue supplying blacklisted Chinese tech giant Huawei Technologies with various products. The news was announced by Intel’s spokesperson a month ago, the company had confirmed having applied for the license only waiting for approval from involved authorities. Things […]

Robinhood Trader Fetches $660 Million From Its Latest Financing Round

Financial technology and trading company Robinhood Markets Inc held its latest financing round from which it fetched a total of $660 million from investors. The news was announced by the company’s spokeswoman who further said the latest financing round gave the company a market valuation of $11.7 billion. Robinhood is commonly associated with the millennial […]

Nikola’s Chief Executive Trevor Milton Steps Down

The founder and chief executive officer of electric truck manufacturer Nicola Corporation (NKLA) announced having voluntarily stepped down from his role as the CEO and a board member of the Arizona based company. His resignation was prompted by allegations from a forensic financial research firm Hindenburg Research which said Milton had been spreading false statements […]

Airbus Unveils ‘Zero Emissions’ Airplanes Powered by Hydrogen

Europe based aerospace company Airbus SE (EPA: AIR) has unveiled three visual designs of its zero emissions airplanes which will be powered by hydrogen. Governments across Europe have been putting measures into place for cleaner and safer technology environmental wise. This becomes the latest efforts by Airbus to try and be in line with measures […]

Unity Software Shares Soars High After Company Goes Public

Video gaming software development company Unity Software Inc. (U) went public on New York Stock Exchange on September 17. Shares of the company were going for $52 in the initial public offering. The company’s services are majorly used by game developers, architects and artists. Filmmakers also use the services to create, run and monetize 3D […]

Deloitte Fined $19.4 Million for Serious and Serial Failure in Autonomy Audit

UK based provider of audit services Deloitte LLP has been fined a whopping 15 million pounds ($19.4 million) by Britain’s accounting regulator for what The Financial Reporting Council (FRC) terms as serious and serial failures committed during the auditing of Autonomy’s financials. Deloitte was mandated with auditing the financial statements of Autonomy for the financial […]