Uber acquires Foodpanda Taiwan for $950 million, strengthening its Asian market hold
In a move to solidify its dominance in the Asian market, Uber Technologies is acquiring Delivery Hero’s Foodpanda business in Taiwan for a whopping US$950 [more…]
Category: U.S.
GameStop shares surge as “Roaring Kitty” returns to the limelight
In a turn of events, GameStop’s stock soared by over 40% on Monday following the reappearance of “Roaring Kitty,” the pseudonymous trader whose rallying cries [more…]
Shein shifts IPO focus to London in response to U.S. regulatory challenges
Shein is shaking up its IPO plans, pivoting towards a London listing following obstacles in the U.S. market. Despite initial intentions to go public in [more…]
Roblox adjusts annual forecast amid economic uncertainty, shares fall
Roblox, the popular video-gaming platform, has adjusted its annual bookings forecast, signaling a shift in consumer spending habits amidst economic uncertainty and rising inflation. The [more…]
Sweden’s central bank cuts interest rate to 3.75% as economy struggles, signals further easing ahead
In a move widely anticipated by financial markets, Sweden’s central bank announced a reduction in its key interest rate from 4.00% to 3.75% on Wednesday. [more…]
Peloton’s bumpy ride, a tale of debt, losses, and private equity interest
In a twist of fate for the once-celebrated fitness brand, Peloton has found itself at the center of buyout talks with private equity firms. The [more…]
Robinhood faces SEC enforcement threat over crypto business, stock suffers pre-market dip
In a regulatory filing that raised eyebrows on Monday, popular trading platform Robinhood revealed that the Securities and Exchange Commission (SEC) had issued a Wells [more…]
Tesla’s stock soars on Chinese full self-driving milestone
In a fast turn of events, Tesla’s shares surged by over 13% in U.S. premarket trading on Monday following a groundbreaking development related to its [more…]
Silver Lake to acquire Endeavor Group Holdings for $13 billion
Silver Lake, the private equity firm known for its strategic investments, made headlines today with its announcement of the acquisition of entertainment giant Endeavor Group [more…]
Chinese collectors drive surge in art market growth with increasing sophistication
In 2023, China cemented its position as the world’s second-largest art market, sparking a surge in demand for art advisory services from banks, according to [more…]