European shares dip on dismal economic data, but secure 0.2% in weekly gains

24-01-2021
On Friday, a slew of European stocks had rounded off the session in an offbeat texture with Italy's FTSE MIB leading the losses

New York’s ViacomCBS to launch streaming service ‘Paramount+’ in March

24-01-2021
ViacomCBS Inc. said in a statement earlier this week that the mass media conglomerate would launch its streaming media service Paramount+ as early as by March 4 in the United States

Armonk’s IBM’s Q4 revenue disappoints as software sales slide, shares plunge over 10%

24-01-2021
Shares' prices of century-old American tech conglomerate IBM faltered as much as 10 per cent on Friday following reveal of its downbeat Q4 earnings' report a day earlier

California's Google threatens to block service in Australia if forced to pay for news

23-01-2021
Earlier on Friday, Google LLC. said in a statement that it would shut down search engine services in Australia, if the country's Government held forth with a new law which would force the tech titans to pay off media companies for using their contents

US factory activity jumps over 13-1/2-year high on latest sign of recovery

23-01-2021
On Friday, IHS Markit's survey report for US manufacturing activity had revealed that the world's No. 1 economy's factory activities jumped more than 13-1/2-year high earlier this month

Crude oil futures plunge as frets of demand crunch, supply glut jitter

23-01-2021
On Friday, both US and UK crude oil futures' prices had beaten a hasty retreat, while Brent crude futures' prices had logged a 0.4 per cent in weekly decline

Wall St. totters as IBM, Intel weigh, but clocks weekly percentage gain

23-01-2021
On Friday, a slew of US stocks closed out the session modestly lower, but all three key indices of Wall St. had reported weekly percentage gains

New York capital manager BlackRock to add bitcoin as eligible investment in two funds

22-01-2021
Earlier this week, BlackRock Inc., the world's largest asset management firm, said in a statement that it had added bitcoin futures as eligible investments on two of its funds

German Online fashion retailer Mytheresa jumps 37% in NYSE debut

22-01-2021
On Thursday, shares' prices of the German luxury fashion retailer Mytheresa spacedived as much as 37 per cent in US public market debut

US weekly jobless claims dip marginally as solid factory activity anchors economy

22-01-2021
On Thursday, US Labour Department said in a statement that the US initial jobless claims fell by 26,000 to a seasonally adjusted 900,000 during the week that ended on January 16

S&P, Nasdaq extend record-setting rally on optimism over Biden stimulus plan

22-01-2021
On Thursday, a slew of US stocks had curtailed the day in an upbeat tone with the benchmark S&P 500 and tech-heavy Nasdaq extending their record-setting rally

Brazilian asset manager Vinci seeks $1 billion valuation in Nasdaq debut

22-01-2021
As a number of Brazilian investors apparently had turned tails on Government bonds amid a record-low interest rate, leading to a rapid hype in equity investments, Brazilian asset manager Vinci seeks a $1 billion valuation following a Nasdaq debut

Texas’ oil pipeline mogul Kinder Morgan beats estimate, raises concerns on spending

21-01-2021
Earlier this week, the leading North American gas and oil pipeline company Kinder Morgan had revealed its quarterly earnings' report for Q4, 2020 that beat an analysts' estimate by a fair margin for both profits and revenues

Plymouth’s Rivian adds $2.65 billion in new investments, valued over $27bn

21-01-2021
Earlier this week, Ford Motor- and Amazon-backed e-vehicle start-up Rivian said in a statement that the Plymouth-based company had added $2.65 billion in a fresh fundraising campaign led by the Baltimore-based investment management company T. Rowe Price

Wall St. hovers at record highs after Biden inauguration

21-01-2021
A slew of US stocks eked out robust gains on Wednesday, lifting all three key indices of Wall St. at record closing highs

Washington rolls back Trump policies on pandemic, climate after Biden inauguration

21-01-2021
On Wednesday, shortly after Joe Biden's inauguration as the 46th US President, Biden had signed off more than 15 executive laws, mostly aimed at cleaning up a mess the Trump Administration had left behind

Houston’s oil giant Halliburton beats profit estimates, forecasts recovery by Q2, '21

21-01-2021
On Tuesday, Houston-based oil and natgas industry giant Halliburton had beaten fourth-quarter estimates for profits and revenues

New York lender Goldman Sachs dwarfs profit estimate as fourth-quarter profit doubles

20-01-2021
On Tuesday, the New York City-based leading American multinational lender, Goldman Sachs had reported a robust rise in profits over its fiscal fourth quarter of the year

California’s Cruise, GM team up with Microsoft to commercialize autonomous vehicles

20-01-2021
On Tuesday, self-driving start-up Cruise and GM said in a joint statement that they had teamed up with Microsoft Corp in a bid to commercialize self-driving vehicles

San Jose’s Cisco Systems receives China approval on $4.5bn Acacia takeover

20-01-2021
On Tuesday, the US-based networking gear maker Cisco had received an approval from China's anti-trust authority for its $4.5 billion Acadia buyout deal

Crude oil surges over 2% on stimulus optimism ahead of Biden inauguration

20-01-2021
On Tuesday, both Brent and US WTI (West Texas Intermediate) crude oil contracts' prices jumped ahead of an inauguration of the President-elect Joe Biden

Wall St. ascends as Biden's Treasury Secretary nominee Yellen backs more stimulus

20-01-2021
On Tuesday, a slew of US stocks eked out robust gains with tech-heavy Nasdaq leading the rallies ahead of the inauguration of President-elect Joe Biden

Oil supermajor Total steps up renewable energy push with $2.5bn investment in AGEL

19-01-2021
On Monday, French oil Supermajor Total SE said that the Paris-based energy industry behemoth had agreed to lay off a jawdropping $2.5 billion in fresh investments in an Indian renewable energy firm

Singapore-based ride-sharing giant Grab mulls $2 billion US IPO

19-01-2021
Grab Holdings Inc., the Southeast Asian multinational ride-sharing and online food delivery start-up had been exploring a US IPO earlier in the year

PSA-FCA merger Stellantis shares soar in European debut

19-01-2021
On Monday, shares' prices of Groupe PSA-Fiat Chrysler merger Stellantis rose just a notch shy of 8 per cent in their European market debut