Tesla’s earnings miss, stock drops, and Musk’s future promises
In a twist worthy of a sci-fi thriller, Tesla’s shares took a nosedive, dropping more than 8% in premarket trading. The electric car giant, helmed [more…]
Category: U.S.
S&P Global sounds the debt alarm
In a not-so-surprising twist, S&P Global has painted a rather grim picture for the future of debt levels in major economies, including the United States, [more…]
Mt. Gox’s $9 billion bitcoin payout, a boon for investors, a jolt for the market
In a dramatic turn of events, the long-defunct Tokyo-based bitcoin exchange Mt. Gox is set to return nearly $9 billion worth of tokens to its [more…]
Crypto market shakes as Bitcoin dips below $61K
Bitcoin, the reigning monarch of the cryptocurrency world, continued its rollercoaster journey, plunging to $60,000 on Monday. The digital asset was last seen down over [more…]
Hong Kong’s SFC grants temporary approval to 11 crypto exchanges
Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has thrown a lifeline to 11 cryptocurrency exchanges, giving them the green light to keep [more…]
T-Mobile snagging U.S. Cellular for $4.4 Billion
T-Mobile announced plans to acquire a significant chunk of U.S. Cellular, including its stores, spectrum assets, and customer base, for a hefty $4.4 billion. This [more…]
Nvidia surges on stellar earnings, announces 10-for-1 stock split and increased dividend
Nvidia is on a winning streak, with its first-quarter earnings report beating expectations and exciting investors with a 10-for-1 stock split and an increased dividend. [more…]
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…]
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…]