Bedminster’s Verizon misses estimates, loses more-than-expected wireless subscribers

23-04-2021
On Wednesday, the United States' second-largest wireless data carrier Verizon said on its quarterly earnings' report that the telecom carrier had lost more-than-anticipated wireless subscriptions during Q1, 2021

Englewood’s Dish hooks up with Amazon to build 5G network, to launch in Las Vegas

22-04-2021
Dish Network, the Colorado-based Satellite television company, said on Wednesday that it had struck a deal with Amazon's AWS to develop its fifth-generation network

New York City exchange operator Nasdaq tops quarterly profit estimate as trades surge

22-04-2021
On Wednesday, the New York City-based exchange operator Nasdaq Inc. had topped an analysts' estimate for quarterly profit and revenues

Los Gatos streaming giant Netflix earnings disappoint as subscriber growth slumps

22-04-2021
On Wednesday, streaming media giant Netflix Inc. had reported a stronger-than-anticipated slowdown in new paid subscriptions

Australia cancels China's Belt & Road deal as Beijing warns further damage to tie-up

22-04-2021
On Wednesday, Australia's foreign minister Marise Payne said that she had decided to suspend two deals with the state of Victoria linked with China's flagship belt and initiative

Wall St. bounces back after two-day decline; Netflix slips

22-04-2021
On Wednesday, all three key indices of Wall St. rebounded sharply with tech-heavy Nasdaq leading the charges

Montreal’s Canadian National heats up battle for Kansas City rail with $30bn-plus bid

21-04-2021
On Tuesday, Canadian National said in a statement that it had placed a $30 billion-plus bid for Kansas City rail, roughly $5 billion above than that the Canadian Pacific had offered last month

London’s Daily mail owner DMG Media sues Google for monopoly over ad business

21-04-2021
On Tuesday, London-based newspaper Daily Mail-owner DMG Media had filed a lawsuit against Google LLC alongside its parent Alphabet Inc. over Google's monopoly on global ad business

Florence’s Gucci joins luxury goods rebound, buoys up Kering sales

21-04-2021
On Tuesday, French fashion conglomerate Kering-owned Gucci had topped analysts' estimates for first-quarter profit and revenues

Wall St. tumbles as pandemic cases soar; Boeing, travel stocks weigh

21-04-2021
On Tuesday, all three key indices of Wall St. fell for the second straight session in a row amid growing frets of a potential rate hike

US Federal Reserve will restrain any overshoot of inflation target, says Chair Powell

21-04-2021
In a letter dated back to April 8 to Florida Senator Dick Scott, a Republican, the US Fed Chair Jerome Powell had said that the US Federal Reserve would not tolerate any overshoot of its inflation target

Milwaukee’s Harley Davidson heralds recovery road with focus on touring bikes

20-04-2021
On Monday, Harley Davidson Inc., the American flagship motorcycle manufacturer, had topped analysts' estimates for quarterly profits and revenues

Armonk’s IBM tops profit estimate, reports strongest quarterly sales growth since '18

20-04-2021
Late on Monday, International Business Machine (IBM) Corp., had beaten analysts' estimate for quarterly profit and revenues

US Dollar staples near six-week lows as US Treasury bond notes tread water

20-04-2021
On Monday, the US Dollar Index (DXY) measured against a basket of six major currencies on an average, plunged as much as 0.54 per cent to 91.02, hitting a six-week low

Wall St. retreats from record highs; Tesla totters after crash

20-04-2021
On Monday, all three key indices of Wall St. ended up modestly lower with Nasdaq leading the tally of losses

Copper heads towards fresh 10-year peak as China Q1 growth reignites recovery hope

20-04-2021
On Monday, London Metal Exchange benchmark copper futures wrapped up the day close to their fresh 10-year highs

BMW first-quarterly earning leaps 370% amid strong China demand

19-04-2021
On Monday, BMW, the Munich-based German luxury carmaker, said in an unscheduled release that the carmaker had logged a 370 per cent jump in earnings excluding tax on fiscal Q1, 2021, compared to the same time a year earlier

Vancouver’s audio chat app Clubhouse racks up $4bn valuation after new funding round

19-04-2021
Vancouver-based Alpha Exploration Co.-owned audio chat app Clubhouse has been valued at more than $4 billion following a latest Series C fundraising campaign

Bitcoin nosedives 14% as pullback from record speeds up after Xinjiang power outage

19-04-2021
On Sunday, Bitcoin, the original cryptocurrency, slipped as much as 14 per cent, widening its gap further from a record peak of roughly $63,000 reached on Tuesday

Major Gulf bourses end mixed; Qatar dips on lower energy prices

19-04-2021
On Sunday, a slew of Mideast stock indices had winded down the day in an ambivalent texture with Qatar leading the tally of losses

US homebuilding nears 15-year peak; consumer sentiment springs up

19-04-2021
On Friday, US Commerce Department said in a statement that the US homebuilding surged to a 15-year peak in March

Hawthorne’s SpaceX wins $2.9bn Moon-lander NASA contract as Musk tweets “NASA rules”

18-04-2021
Late on Friday, Tesla Chief Musk's space venture SpaceX said in a statement that NASA had awarded the company a $2.9 billion Moon-lander contract

Oil edges lower but Brent shelves weekly gain on recovery hope

18-04-2021
On Friday, both US and UK crude oil futures edged lower, but reported weekly percentage gains on the back of strong economic data from China and the US

Grab muses about secondary Singapore listing after record $40bn SPAC merger

18-04-2021
Singapore's ride-sharing and food-delivery giant Grab ponders a potential secondary listing on its home market

Alibaba fintech arm Ant explores ways for Jack Ma to exit as Beijing piles pressure

18-04-2021
Chinese e-commerce giant Alibaba Group Holding Ltd.'s fintech arm Ant Group has been contemplating a potential exit of its founder Jack Ma