Markets

Swedish multinational vehicle manufacturer Volvo (STO: VOLV) will be producing electrical vehicles only by the year 2030. The company made this announcement on March 2 as it unveiled its car-line up. Notable automakers have been making a partial shift towards production of electric vehicles as they try to phase out fossil-fuel engines out of the […]

Financial service and online brokerage company Robinhood is planning to file for an initial public offering confidentially in the month of March. This report was first posted on Bloomberg business news. Citing Bloomberg’s post in the last few weeks the company has been holding talks with several investment banks to act as its underwriter in […]

The parent company of short video sharing app TikTok ByteDance has resolved to move its chief news aggregator in China Jinri Toutiao, Zhu Wenjia to Singapore where he will be in charge of global research and development for TikTok. This latest development was revealed by sources involved in the matter who further said the newly […]

Artificial intelligence robotics company Berkshire Grey announced that it had reached an agreement to go public through a merger deal with a Special Purpose Acquisition Company Revolution Acceleration Acquisition Corp (RAAC). In the deal the blank check company will provide Berkshire Grey with a cash amount of $413 million. After the deal has been closed, […]

The Chief Financial Officer of GameStop Corp. (GME) Jim Bell will be stepping down from the position following the controversial astronomical rally of the company’s stock which happened recently. The company made this announcement adding that the CFO will be stepping down next month. GameStop says the resignation of Bell isn’t linked to any disagreement […]

Foods and drinks processing corporation Nestle SA (SWX: NESN) announced that it will be selling Pure Life plus some other struggling water brands based in north America for $4.3 billion to two private equity firms. The two private equity firms purchasing the brands are Metropoulos & Co and One Rock Capital Partners. Among the struggling […]

Jaguar the luxury brand of car manufacturer Jaguar Land Rover has announced that its cars will go all electric by the year 2025. The company will also launch its entire electric car model lineup by 2030. The company made this announcement on February 15 immediately after joining the global race of manufacturing zero-emission vehicles. Tata […]

Leading electric car manufacturer Tesla Inc. (TSLA) become the latest big company to invest in bitcoin after the founder and CEO Elon Musk announced the company having bought bitcoin worth $1.5 billion last week. Records are showing that companies which have invested in cryptocurrency especially bitcon their shares have vastly outperformed on Wall Street in […]

Apple Inc. (AAPL) has inked a partnership deal with Taiwan Semiconductor Manufacturing Co. (TSMC) to develop micro OLED displays. These micro OLED displays will be used in Apple’s upcoming Augmented Reality (AR) devices. TSMC is the only company which supplies Apple with iPhone processors, according to a report by Nikkei Asia micro OLED displays are […]

Social network Facebook Inc. (FB) has pulled down a stock trading group which comprises of traders using Robinhood trading platform and Wall Street discussion groups. The chief executive of the social platform said recent astronomical surge of the stock price of Gamestop Corp. (GME) and other stocks is the main reason for taking down the […]