Production expansion
Albemarle, the world's largest lithium producer, plans to expand its production capacity amid expectations of strong growth in global demand in the coming years, including GM and Ford's switch to electri...
Selling the division
IBM is in the early stages of talks to sell or spin off its unprofitable Watson Health division. This could help IBM streamline its business and speed up restructuring.
IBM (IBM) is considering selling or separating its Watson ...
Trading in the red
Western European stock indices ended trading in negative territory amid cautious global market sentiment.
Some equity investors are becoming increasingly concerned about the strong rebound in bond yields in recent weeks as it cou...
Electric car market
Market research on new car registrations in the US has shown an increase in the market share of electric cars in 2020 to a new record high, with Tesla and General Motors leading the ma...
The biggest smartphone maker
Apple (NASDAQ:AAPL) has risen to first place on the list of the world's largest smartphone makers by number of devices sold in the fourth quarter for the first time since 2016. That's according to data from research firm...
U.S. government bonds
US ten-year government bond yields exceeded 1.37% p.a., reaching their highest level in a year. This was driven by investor fears of an acceleration in the pace of consumer price increases on the back of stronger economic activ...
Facebook ad blocking
A ban on political advertising imposed before the US presidential election hit paid posts raising awareness about COVID-19. Facebook acknowledged the problem and promised to restore&n...
Companies spent money on a campaign against the Contractor Qualification Act and now want their money back
Uber, Lyft, DoorDash, Instacart and Postmates all raised prices. Also, companies need extra money to pay for the Proposition 22 measure under ...
Department of Labor mistake
New Yorkers are facing a problem because of mistakes by the state Department of Labor in paying unemployment benefits. Some recipients had been paid far more than they&nbs...
Covid-19 immunity study
In total, more than 4,000 company employees were tested. The authors of the study, which included the founder of SpaceX, concluded that a certain level of antibodies could provide longer-lasting immunity.
SpaceX has conducte...
Donald Trump will not return to Twitter
Former US President Donald Trump has no intention of returning to the social network Twitter as it is "no longer the same". The former head of state said this on Newsmax TV.
Donald Trump s...
Deer's quarterly profit
U.S. Deere Co (NYSE:DE)., the world's largest manufacturer of farm equipment, posted a 2.4-fold increase in net income in the first quarter of its fiscal year ended Jan. 31 to $1.22 billion, or $3.87 per share, up from $517 m...
EU recovery
US exchange-traded fund WisdomTree (NASDAQ:WETF) has launched a bond ETF to support economic recovery efforts in the EU after the COVID-19 pandemic.
The ETF will invest in bonds issued by the EU to finance initiatives aimed at reducing ...
U.S. stock indices
The US Treasury Secretary Janet Yellen, who called for additional stimulus measures, supported the shares of sectors, which are sensitive to the situation in the economy. Yellen spoke in support of the $1.9 trillion stimulus packa...
Walmart and Q4 earnings
Walmart shares fell on Thursday after the company reported lower revenues and profits than analysts' estimates, and gave a forecast of lower sales and profits due to rising wages and capital expenditure on the e-commerce...
Risky business
Virtually inexhaustible investor demand for even the riskiest corporate debt is allowing struggling companies in the U.S. to raise funds at rates so low that previously only highly-rated borrowers could a...
Electric cars
The US House of Representatives intends to restore incentives for buyers of electric cars, which could significantly boost sales of manufacturers such as Tesla, GM, Ford and others. The new bill requi...
Smart watch
Facebook is developing a smartwatch, reportedly to be able to be used as a standalone talking device and will initially come with Google's Android OS.
Facebook (FB) is in the process of developing a smartwatch that will be a competitor ...
Negotiations terminated
Apple has failed to secure a partnership with either Hyundai or Nissan to create an Apple-branded autonomous electric car, according to responses from company offici...
Mistake by Google
Google has been fined 1.1 million euros in France for mistakenly ranking hotels, according to a communique from the French competition, consumption and anti-fraud directorate-general (DGCCRF) of the Ministry of Economy.
"An invest...
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