PayPal Looking to Launch Stock-Trading Within the Year
Payments giant PayPal Holdings Inc. is considering rolling out a stock-trading platform for American customers to complement its crypto trading offering, CNBC reported. PayPal could possibly team up with an...
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Zoom Posts Triple-Digit Growth in Q2 Revenues to $663.5 billion, up 355% YoY
Zoom Inc. posted revenue growth of 355% YoY in Q2, enabling the company to upgrade the full-year revenue outlook, according to a news release by Zoom on Tuesday. The video-first...
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China Construction Bank Posts 10.92% Rise in Net Profit YoY in First Half of 2021
China Construction Bank recorded a stable rise in assets as net profit rose by 10.92% YoY in the 1st half, according to a report released by China Construction Bank on...
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12-Year-Old Raises Nearly $400,000 from Sale of ‘Weird Whale’ NFTs
A 12-year old boy sold out his latest collection of non-fungible tokens overnight to bring his gains up to nearly $400,000, TheByte reported. Benyamin Ahmed sold 3,350 NFTs which he...
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Peloton Plunges on ‘Material Weakness’ with Finances
Peloton Interactive slumped in late trading after the fitness firm warned that a price cut would hurt its bottom line this year, according to a report by Bloomberg on Thursday....
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HP Inc.’s Q3 Net Revenue, up 7.0% To $15.3 Billion
HP Inc beats market outlook in Q3 results with GAAP diluted net EPS of $0.92, higher than estimates of $0.77 to $0.81 per share, according to a press release by...
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Capital Group to Enter ETF Market with Six Funds by Q1 2022
Asset management company Capital Group is looking to enter the exchange-traded fund market with at least six managed funds available to the public by the first quarter of 2022, SeekingAlpha...
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Alecta Shifts to Infra, Residential Housing as Inflation Concerns Grow
Swedish pension manager Alecta has cut down its holdings of stocks and bonds as it gears its portfolio towards more real assets due to inflation concerns, Pensions & Investments reported....
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XPeng’s Second-Quarter Revenues Soars 536.7% YOY
XPeng posted another record-breaking quarter with record quarterly revenues expanding 536.7% compared to the last year, according to a report by XPeng on Thursday. The deliveries of vehicles in the...
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Buffett-Backed Fintech Firm Nubank Seeking IPO Valuation of Over $55 Billion
Brazil’s Nubank is seeking a valuation for its planned U.S. preliminary IPO that would push the fintech company's value over $55.4 billion, according to a report by Reuters on Thursday....
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Delays in Covid-19 Vaccinations to Cost the Global Economy $2.3 trillion
Delays in vaccinating the world against the coronavirus will come with a high price tag, according to a report by The Economist on Wednesday. A model developed by The Economist...
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China-U.S. Financial Roundtable Talks Set to Restart in Push for A Consensus
A group of Wall Street analysts and senior Chinese government officials are working to reopen talks, according to a report by Bloomberg on Wednesday. An influential group formed during worsening...
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