News

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Sat, 06 Feb 2021 15:53:57 GMT

China's Laix shares rise

Shares of Laix Inc, the Chinese artificial intelligence company, surged 355% on Friday, with other small Chinese educational stocks also soaring, Reuters reported.

Sat, 06 Feb 2021 14:58:50 GMT

Renault, Stellantis to cut some output

Renault and Stellantis will suspend their vehicle production at some factories due to a global semiconductors shortage, both companies said earlier this week.

Sat, 06 Feb 2021 14:03:05 GMT

IMF warns US of bankruptcies risk

The International Monetary Fund stated on Friday that the US could face a wave of bankruptcies without proper fiscal support.

Sat, 06 Feb 2021 13:43:25 GMT

US watchdog investigates Venmo payment app

PayPal Holdings stated it began to cooperate with the US consumer regulator regarding an investigation into its Venmo app's alleged unauthorised collection processes and fund transfers.

Sat, 06 Feb 2021 12:22:39 GMT

Oil price on rise

On Friday, crude oil price increased 1.1%, reaching $56.85 a barrel, amid the economic revival hopes and supply restriction by the OPEC+.

Sat, 06 Feb 2021 11:16:36 GMT

FCC to verify Verizon's acquisition plan

A dozen of the US attorneys general urged the Federal Communications Commission (FCC) to check Verizon's $6.25B acquisiton plan of Tracfone.

Sat, 06 Feb 2021 10:18:20 GMT

Kroger to pay for vaccination

The US chain of supermarkets, Kroger Co, announced of Friday that it would pay $100 to every of its 100K employees for a vaccination.

Sat, 06 Feb 2021 08:54:34 GMT

US discusses Iran with Europe

On Friday, the US Secretary of State Antony Blinken held a video meeting with the United Kingdom, Germany and France to discuss Iran and other issues.

Sat, 06 Feb 2021 07:55:09 GMT

US stock indexes notch biggest weekly gains

On Friday, US stock indexes extended their best weekly gain since November, as both the Dow Jones Industrial Average and the S&P 500 rose for a fifth consecutive trading session.

Sat, 06 Feb 2021 07:08:28 GMT

Blizzard's annual sales outlook beats estimates

Activision Blizzard is expecting its full-year adjusted revenue to top analysts' forecasts, boosted by robust demand for the "Call of Duty" latest instalment during the coronavirus-related lockdowns.

Sat, 06 Feb 2021 06:02:38 GMT

Google rolls out paid-for news platform in Australia

Alphabet's Google launched a paid-for news platform in Australia, following an official requirement from Canberra for tech giants to pay for media content.

Sat, 06 Feb 2021 03:53:16 GMT

Robinhood removes stock trading restrictions

Robinhood, the online brokerage app, has lifted its temporary trading restraints on all stocks, including AMC Entertainment Holdings and GameStop Corp, its website shows.

Sat, 06 Feb 2021 02:56:46 GMT

Oil soars 1% on growth hopes

On Friday, oil prices surged about 1%, after hitting their record high in a year, driven by economic growth hopes as well as OPEC+ output cuts.

Fri, 05 Feb 2021 21:05:58 GMT

Indonesia gets Tesla's investment proposal

Indonesia, the world's largest nickel producer, received the investment proposal from Tesla, an official stated.

Fri, 05 Feb 2021 19:45:33 GMT

Samsung considers place for $17B chip plant

Samsung Electronics considered Austin, Texas, as one of the sites for its new $17B chip plant, seeking combined tax abatements of $805.5M over 20 years.

Fri, 05 Feb 2021 19:29:55 GMT

PayPal: US watchdog investigates Venmo

PayPal Holdings stated that it cooperated with the US consumer watchdog on a civil investigation demand relating to its app Venmo's alleged unauthorized money transfers.

Fri, 05 Feb 2021 17:41:00 GMT

Authorities can't access Bitcoin wallet

On Friday, German prosecutors revealed that despite seizing $60 million in Bitcoin, the authorities cannot access it because the previous owner would not give up the required wallet password.

Fri, 05 Feb 2021 16:44:19 GMT

US Senate passes budget plan

It was revealed on Friday that the US Senate had passed the budget plan that would advance the $1.9 billion stimulus package.

Fri, 05 Feb 2021 15:42:28 GMT

US Dollar books record week

On Friday, the US Dollar was set to book its best week during a period of three months despite forecasts of a decline in 2021.

Fri, 05 Feb 2021 14:48:08 GMT

Exxon likely to add Jeff Ubben to board

Exxon Mobil is considering to add Jeff Ubben, the activist investor, to the company's board, according to Bloomberg News report.

Fri, 05 Feb 2021 13:59:39 GMT

Google launches new platform in Australia

On Friday, Alphabet's Google launched a paid-for news platform in Australia, inking content deals with Australian publishers, after Canberra made a legal requirement for tech giants to pay for the content.

Fri, 05 Feb 2021 13:31:32 GMT

SoftBank seen to extend earnings recovery

SoftBank Group is planning to extend its earnings recovery after reporting its Q3 results earlier this week, as frothy markets boosted the value of the group's tech investment portfolio.

Fri, 05 Feb 2021 11:58:39 GMT

Pinterest tops forecasts on robust results

Pinterest, the image-sharing company, posted better-than-anticipated quarterly results, driven by robust user growth as well as heavy advertising during the festive season, sending its shares up nearly 10%.

Fri, 05 Feb 2021 10:44:10 GMT

Global stocks surge

During Friday's Asian and European trading hours, global stock indices surged. The surge was attributed to progress in coronavirus vaccine distribution.

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