North American Semiconductor Billings Climb to Fresh Record in November
Billings of semiconductor equipment manufacturers in North America climbed for the third straight month to reach a new record in November, according to the latest Equipment Market Data Subscription Billings...
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Costly Mortgage, Low Listing to Take a Toll on US Home Activity in 2022, 2023
(Fannie Mae) US Home sales are expected to have increased by 7.1% by the end of the year, but limited listings and affordability concerns due to rising mortgage rates will...
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Elon Musk to Pay Record $11 Billion in Taxes This Year
Popular businessman Elon Musk is set to pay $11 billion in taxes this year to mark one of the highest in US history, CNBC reported. Tesla Chief Executive Officer Elon...
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Google and Disney Extend Deal to Restore Popular Channels on YouTube
Alphabet’s YouTube announced it has reached an agreement with Walt Disney to distribute all Disney-owned channels on its platform, according to a report by CNBC on Sunday. In a tweet,...
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Ray Dalio Discloses He Holds Ether, Describes Cash as the ‘Worst Investment’
Hedge fund veteran Ray Dalio has described crypto as impressive as he disclosed he holds ether and bitcoin, according to a report by Business Insider on Friday. The billionaire investor...
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Thoma Bravo to Acquire Bottomline Technologies in $2.6B Cash Deal
Private equity firm Thoma Bravo plans to acquire Bottomline Technologies in an all-cash deal worth around $2.8 billion, according to a press release by Bottomline on Friday. Under the terms...
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SEC Issue Rules to Curb Insider Trading, Propose Changes to Money-Market Funds
The SEC issued proposals including measures to fix the money-market funds and curb insider trading, according to a report by The Wall Street Journal on Wednesday. The proposals signal that...
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The US to Blacklist 8 Chinese Firms for Supposed Surveillance of Uyghur Muslim Community
The United States government is set to blacklist another eight Chinese firms due to their supposed involvement in surveillance activities of the Uyghur Muslim minority, FT reported. Among the firms...
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Berkshire Hathaway Stake in Apple Is Now Over 50% of Its Equity Portfolio
Berkshire Hathaway’s stake in tech giant Apple Inc. has soared by over 300% from its original value to make it over half of the investment firm’s equity portfolio, Business Insider...
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Entegris to Buy CMC Materials in $6.5B Cash, Stock Arrangement
Entegris Inc will acquire the supplier of materials CMC materials in a cash-and-stock deal valued at nearly $6.5B, according to a press release by Entegris Inc on Wednesday. CMC Materials...
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Pfizer’s Covid-19 Pill 89% Effective at Reducing Hospitalization and Death
Initial laboratory tests presented encouraging signs that Pfizer Inc.’s experimental Covid-19 pill is effective against Omicron, according to a press release by Pfizer Inc on Tuesday. Pfizer stated that a...
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Neogen to Merge With 3M Food Safety Business in $5.3 Bln Transaction
International food safety firm Neogen Corp. has entered into an agreement to merge with 3M’s Food Safety business in a $5.3 billion transaction, the firm announced in a statement. Neogen...
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