Markets

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 […]

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 […]

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 […]

Phone Prices of Huawei Increases in China Due to Chip Shortage

The prices of Huawei’s smartphones is set increase after U.S completely cut down the company’s ability to access chips produced in the United States or those produced using technology or software from U.S. Many customers of Huawei Technologies in China are now in haste to buy Huawei’s products fearing the cut of chip supply will […]

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 […]

ByteDance Abandons Sale of TikTok’s U.S Operation Instead It’s Pursuing a Partnership

ByteDance, The parent company of Chinese short video sharing app TikTok has reversed its earlier decision of selling U.S operations of TikTok to an American entity, ByteDance is now engaging in a potential partnership with tech company Oracle Corp (ORCL). U.S President Donald Trump, issued an ultimatum of 45 days last month for the company […]

Gilead Almost Closing a Deal Worth Over $20 Billion to Purchase Immunomedics

U.S based bio-pharmaceutical company Gilead Sciences Inc. (GILD) is just a step away from signing a deal to acquire fellow pharmaceutical company Immunomedics Inc. (IMMU) in a deal worth more $20 billion. This development was first reported on Wall Street Journal, according to WSJ Gilead will be using this acquisition to expand its cancer treatment […]

Huawei Set to Introduce Its Smartphone Operating System ‘Harmony OS’

Leading Chinese tech giant Huawei Technologies is looking forward to introduce its own smartphone operating system dubbed ‘Harmony OS’ which will rival dominant Google owned Android operating system. This information was revealed by the company’s head as consumer business Richard Yu, who said the OS will be launched next year. Huawei has already developed a […]

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 […]