News

China’s insurance regulator is stepping up scrutiny of the insurance technology firms widening a crackdown, according to a report by Bloomberg on Wednesday. The watchdog ordered companies and local agencies...

Artificial intelligence lending platform Upstart Holdings Inc. hiked its earnings guidance for 2021 after recording over 1,000% growth in its revenue for the second quarter, the company announced in a...

Wix.com reported a less-than-expected quarterly net loss, compared with a loss of 26 cents a year earlier, according to a news release by Wix on Wednesday. Revenue grew by 34%...

Canadian Pacific Railway Ltd. has hiked its offer for the Kansas City Southern by about $2 billion, Reuters reported. Canadian Pacific Railway’s updated offer stands at $27 billion, up from...

Robinhood Markets Inc. agreed to acquire Say Technologies, a tool for shareholder voting and communication, according to a report by Bloomberg on Tuesday. The close to $140 million all-cash agreement...

Integrated life sciences firm GreenLight Biosciences will merge with special-purpose acquisition company Environmental Impact Acquisition Corp. to go public in a $1.5 billion deal, the WSJ reported. Under the deal,...

Krafton Inc., creator of hit video games PUBG: Battlegrounds dropped in its Tuesday debt after pulling off a $3.8 billion initial public offering, South Korea’s biggest in 10 years, according...

Tether Holdings Limited’s tokens are fully backed by its reserves, Forkast revealed in a report. Accounting firm Moore Cayman deemed Tether’s Consolidated Reserves Report for the latest quarter as “fairly...

Swissmedic approves Moderna COVID-19 vaccine for 12- to 17-year-olds, according to a report by Reuters on Monday. Swissmedic reviewed the application from Moderna Switzerland GmbH for the extension of temporary...

AMC Entertainment Holdings reported a loss of $343.6 million in the second quarter results, according to a news release by AMC on Monday. The movie theater operator posted $1.25 billion...

Multinational food producer Tyson Foods Inc. saw its net income increase by 43% in the third quarter of the fiscal year 2021, the company reported in a statement. Net income...

Barrick Gold posted quarterly earnings of $0.29 per share, beating market estimates of $2.6 per share, according to a press release by Barrick on Monday. Barrick reported revenues of $2.89...