News

American multinational firm Johnson & Johnson forecasts revenues from its COVID-19 vaccine to reach $2.5 billion this year after second-quarter results came in better than expected, CNBC reported. J&J Chairman...

A global shortage of semiconductor chips will hurt car sales in the second half of 2021 and is likely to extend into 2022, triggering Daimler to cut production levels, according...

Streaming giant Netflix Inc. in a statement divulged details on its foray into the gaming industry, after the firm reported a double-digit climb in its profit for the second quarter....

US President Joe Biden is set to nominate competition advocate Jonathan Kanter to lead the antitrust division of the Justice Department, Bloomberg reported. If appointed, Kanter will head the antitrust...

Nasdaq Inc. has partnered with major American lenders to move out its Private Market into a standalone firm, the WSJ reported. Under the agreement, Nasdaq Private Market will become an...

Luxury conglomerate LVMH Moet Hennessy Louis Vuitton SE is set to expand its partnership with Virgil Abloh with a majority stake in Off-White and the creation of more brands under...

Evergrande Group dipped 16% to hit a 4-year low as creditors successfully demanded the freezing of its assets, according to Yahoo!Finance.  The Group’s electric vehicle unit also sank 19%. Some...

AutoNation, Inc, America’s largest and popular automotive retailer reported significant growth in net income in second quarter 2021 of $385 million compared to $280 million in second quarter of 2020,...

Shares of Sumo Group rose as much as 42% to 509 pence in London trading on news Tencent had bid for full ownership of the British game maker, Bloomberg reports....

Robinhood is set to issue about 55 million shares in an anticipated US listing to raise at least $2.3 billion, according to Reuters. Almost 2.63 million of Robinhood’s shares will...

The recent surge in retail trades has led major funds to pivot and consider other investment opportunities, Bloomberg reported. Several distressed funds have moved to private lending and emerging-market plays,...

Multinational investment firm Bank of America Corp. has given the go signal for select clients to trade Bitcoin futures, CoinDesk reported. Sources close to the matter said the bank has...