U.K. Job Ads Soars to Near-Record Highs in the First Week of August
U.K. wages are increasing as companies struggle to hire workers to assist them with recovery after the easing of the Covid-19 restrictions in July. FTSE 250 Index up +0.33%, GBP...
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FDA Clears Third Shot for Americans with Weak Immune Systems
U.S. regulators approve Americans with weakened immune systems to be allowed to get three shots of Covid-19 vaccine, according to a report by Bloomberg on Friday. The U.S. Food and...
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Cathie Wood’s ARK Invest Buys Over 5.6 Million of Palantir Technologies Stocks
One of the Ark Invest exchange-traded run by ETF star Cathie Wood made a huge purchase of Palantir shares on Thursday. On August 12, Ark’s ETF fund purchased 5,602,325 shares...
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Microsoft Protests NSA’s Decision to Award $10bn Cloud Computing Deal to Amazon
Microsoft Inc has filed a suit with the GOA against the NSA, challenging the award of its cloud computing contract to Amazon, according to a report by CNBC on Thursday....
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Palantir Posts 49% Growth in Revenue, US Commercial Revenue Soars 90% YoY
Palantir Technologies Inc. posted a Q2 jump in total revenues by 49% YoY to $376 million, driven by higher US commercial revenue, according to a report by Palantir on Thursday....
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Baidu’s Q2 Revenue Increased 27%, Backed by Cloud Business
Baidu Inc. reported its core revenue in the second quarter rose by 27% from last year, driven by a 71% increase of AI cloud services, according to a report by...
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NIO Posts Record-High Quarterly Delivery of 21,896 Vehicles, Net Loss Drops 50%
NIO Inc., a leading company in the electric vehicle market in China, posted a 111.9% increase in deliveries of vehicles in Q2 this year, according to a report by NIO...
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eBay Posts 14% Jump in Revenue to $2.7 Billion as Operating Margin Drops
eBay Inc’s second-quarter revenue was $2.7 billion, up 14% on a reported basis and up 11% on a foreign exchange basis, according to a report by eBay on Wednesday. The...
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South Korean eCommerce Giant Coupang Posts Q2 Revenue Growth of 71%
Coupang Inc. posted $4.5 billion in second-quarter revenue, a 71% year-over-year increase, according to a report by Coupang on Wednesday. Active customers increased by 26% to 17 million, and revenue...
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Chinese Insurance Watchdog to Intensify Crackdown on Online Insurance Platforms
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...
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Upstart Upgrades 2021 Guidance. Second Quarter Revenue Up Over 1,000%
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...
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Wix.com Posts Second-Quarter Loss, Hurt by Uncertainty of Pandemic
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%...
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