Tesla + FANGMA is Valued at $10 Trillion. Rotation from Big Tech a Myth?
Big tech, comprising Facebook, Apple, Netflix, Google, Microsoft, Amazon, and Tesla, now has a combined value of $9.6 trillion. The value is about 25% of the total of the S&P...
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Didi Makes $4.4 Billion in Biggest U.S. Listing of Chinese Firm in Six Years
Ride-hailing firm Didi Global Inc. generated some $4.4 billion in what will be the biggest listing of a Chinese firm in the United States in six years, Reuters reported. Sources...
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Facebook Market Cap Shoots Over $1 Trillion after Victory in Antitrust Complaint
Social media giant Facebook closed Monday with over $1 trillion in market capitalization after an antitrust complaint against the company was dismissed, CNBC reported. Shares closed 4.2% higher at $355.64...
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Morgan Stanley Doubles Dividend and Plans Share Buyback up to $12 billion
Morgan Stanley announced the doubling of its quarterly dividend to $0.70 from $0.35 and a buying back plan of up to $12 billion of stocks, according to a report released...
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Sanofi Dives into mRNA Technology Investment for Next-Gen Vaccines
Sanofi SA plans to develop a messenger RNA vaccine business units, making it the latest drugmaker to embrace RNA medical technology, according to a report released by The Wall Street...
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Fed Lifts Limits on Dividend Payouts and Buybacks on Large Banks
The Federal Reserve has removed the temporary caps on dividends and buybacks it imposed on large banks last summer after performing well on annual stress tests, the WSJ reported. The...
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UK’s Financial Conduct Authority Bans Binance Markets Ltd
The Financial Conduct Authority has ordered Binance Markets Ltd. to stop operations in the United Kingdom amid a global crackdown on the crypto space, Bloomberg reported. The FCA gave Binance...
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Nike’s Revenues Jump 96% YoY in Fourth Quarter on Robust Shipments
Higher wholesale shipments due to Covid-19 related retail closures helped Nike’s revenues to jump 96% year over year in Q4 2021, according to the company’s press release. Overall revenues in...
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JP Morgan Says Grayscale Trust’s Share Sales Can Fuel Additional Bitcoin Decline
The expected sale of shares in the influential Bitcoin Fund will increase pressure on the global top cryptocurrency, according to a report released by Bloomberg on Thursday. In the last...
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Google Partners with Billionaire Ambani to Introduce Low-Cost Smartphone in India
Reliance Industries’ billionaire Mukesh Ambani and Google have unveiled a budget smartphone for the larger Indian market, according to Bloomberg. JioPhone, targets millions of first-time users in India. The “built...
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Warren Buffett Announces His Resignation from Gates Foundation
Warren Buffett has resigned from his board position at the Bill and Melinda Gates Foundation, according to Axios. The philanthropy, which is second-biggest globally, shall now be governed by two...
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BTC Gains After a Below $30,000 Decline Following a Series of Negative News
Bitcoin declined to the lowest in the year to below $30,000 but gained almost 8% to trade at more than $34,000. Bitcoin's small competitors rose, Ethereum 6% to $2,014 and...
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