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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 […]

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 […]

Apple to Launch First Ever Online Store India

IPhone maker Apple Inc. (AAPL) is looking forward to launch its first online store in India on September 23. Apple announced the upcoming event which is just a week away further saying the launch will happen coincidentally with India’s festive season which happens in the same period. Currently Apple sells its products in India through […]

Opendoor to Go Public Through Merger With a Blank Check Company

Property tech startup Opendoor Labs Inc. is planning to go public through a merger with a blank check company known as Social Capital Hedosophia Holdings Corp. The IPO will be led by several investors including Chamath Palihapitiya. The IPO will be backed by Japan based conglomerate SoftBank group Corp. (TYO: 9984) and it will leave […]

Oracle Makes Clouds Business Deals With MacDonald, Humana and Albertsons.

U.S based Tech Company Oracle Corp. (ORCL) has secured cloud business deals with MacDonald Corp. (MCD), Humana Inc. (HUM) and Albertsons Companies Inc. (ACI) to shift some of their work to cloud computing services of Oracle. Oracle says MacDonald will move its North American financial systems to Oracle’s cloud services, The remaining two will also […]

Mexico Contemplating Extending Relaxed Banking Credit Measures

Mexico is contemplating extending relaxed banking credit measures to help the Latin nation recover from the economic turmoil the pandemic has caused the country. This was announced by Mexico’s deputy finance minister Gabriel Yorio. Yorio said the ministry is engaging the central bank and the larger banking industry to see best way possible of providing […]

Sumitomo Sells Entire Stake in U.S Marcellus Shale Gas Project

Japan based trading company Sumitomo Corp (8053) has sold its entire stake in Marcellus Gas Project based in the United States. The company confirmed the report however it failed to disclose how much it fetched from the sale and the buyer of the stake. “We have sold our stake as it is difficult to predict […]

The Hut Eyeing a $1.22 Billion Listing in the London Stock Exchange

U.K based e-commerce company The Hut Group is eyeing a London Stock Exchange Listing. The company confirmed the development further adding that it’s looking forward to raising 920 million pound ($1.22 billion) from the initial public offering. This listing will go down as the largest by a Britain company in the London Stock Exchange since […]

Verizon Wins Bids Worth $1.9 Billion in an Auction

The Federal Communications Commission (FCC) has announced that telecommunications company Verizon Communications Inc. (VZ) managed to win bids worth around $1.9 billion during an auction of a vital spectrum block in the 3.5 GHz band. Generally, 228 bidders participated and won bids totaling to around $4.6 billion for the mid-spectrum block. Additionally, the FCC further […]

Bumble Eyeing a $6 Billion Initial Public Offering

Virtue dating app Bumble has announced that it’s eyeing an initial public offering, sources involved with the matter revealed the company is looking forward to have a $6 billion to $8 billion market valuation after the IPO. According to the source, this Bumble is aiming to conduct its IPO during the first quarter next year […]