Buying a film
The highest-profile business news from the Sundance Film Festival in early February was the purchase of the film Coda by online platform Apple TV+. The streaming service paid $25 million for the film about a talented girl singer from a...
New exchange-traded fund
The BUZZ ETF reflects the performance of the BUZZ NextGen AI index, whose portfolio of 75 US stocks is compiled by artificial intelligence algorithms based on "online ch...
Falling again
The Fed chairman did not express concern that Treasury yields are at their highest level since the start of the pandemic. Investors, in turn, are concerned about this Fed stance because of the risks of inflatio...
Ford deliveries down
Ford shares fell 3% after the carmaker reported an overall decline in deliveries in February, but executives noted a strong 11.8% rise in combined Mustang Mach-E and Bronco Sport sales.
Ford Motor Company (F) on ...
US indices fall
Technology stocks declined on Wednesday and the preceding days, while stocks in the financial, industrial and other sectors, which could rise after a pandemic, increased.
Major US stock indices fell sharply on Wednesday, continuing ...
Tracking users
The Chrome web browser will not develop new ways to track users' online activity after abandoning third-party cookies that allow it to collect data about users to show them relevant online advertisements, according to a post on the of...
Patent infringement fine
Intel shares fell 2.6 per cent on Tuesday as the largest chipmaker was accused by a court of infringing two patents owned by VLSI Tech and is now ordered to pay $2.18bn. Intel said it would appeal.
Intel (INTC) shares, up 2...
Sale of lab-grown chicken meat in Singapore
Eat Just received approval from the Singapore authorities at the end of 2020 to sell lab-grown chicken meat. The startup is working on obtaining approvals in other countries and is plan...
Hacking attacks
According to Microsoft, hackers used the Exchange Server to try to obtain information from a number of companies in the United States. The corporation believes the Hafnium group, allegedly sponsored by Chinese authorities, is behind ...
The German startup Volocopter, or flying taxi, attracted significant business investments a year ago. At the final stage of financing, according to the financial director of the company, it is necessary to attract another 240 million dollars to furth...
Target Corp. revenue
Target Corp (NYSE:TGT). which owns the second-largest discount shop chain in the United States, posted net income of 1.38 billion dollars, or 2.73 dollars per share, for its fiscal 4th quarter ended January 30, up from 834 milli...
IPO plans
Major real estate company Compass, which provides technology solutions for real estate transactions in the US, has reported 55% revenue growth and plans for an IPO.
Compass, a technology s...
Losses and production cuts
Nio shares fell after the Chinese electric car maker reported larger-than-expected Q4 losses and warned it will be forced to cut production in the second quarter.
Nio (NIO) shares f...
Record rise since June
US stock indices jumped in trading on Monday, with the Standard Poor's 500 having its best session in about nine months amid a halt in rising government bond yields.
The Dow Jones Industrial Average rose 6...
Report from Zoom
Zoom reported record growth in quarterly revenues and profits, exceeding Wall Street estimates. Zoom's projections for the first quarter and full fiscal year 2022 are also above expectations.
Shares in Zoom Video Communications (ZM...
SEC filing
Shares in Coinbase, one of the world's largest cryptocurrency exchanges, could soon be available on NASDAQ as the company has applied for a direct listing instead of an IPO.
Coinbase's li...
Breaking state law
Facebook has agreed to pay $550 million to settle a class action lawsuit filed by Illinois residents, the New York Times reports. Each of the 1.6 million people who filed a complai...
Conflict with FINRA
Digital asset friendly platform Robinhood is in talks with a number of regulators regarding a possible settlement of claims from them. This is according to a statement sent to the US ,Secur...
Record inflows of $11.6bn emerging markets
Emerging market equities lost almost 3% on Friday following a jump in US government bond yields and could show their biggest weekly decline since March 2020. The South African rand gained 1% thanks to a ral...
Deal with McDonald's and Yum! Brands
Beyond Meat (NASDAQ:BYND) products will soon be widely available at McDonald's (NYSE:MCD) and Yum! Brands (NYSE:YUM)-owned KFC (T:3420), Pizza Hut and Taco Bell's most famous fast food restaurants.
The plant-bas...
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