News

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Wed, 27 Jan 2021 08:36:27 GMT

Nissan plans to electrify new models by early 2030s

On Wednesday, Nissan Motor stated it was planning to electrify all of its "new car offerings" in the main markets by the beginning of 2030s, as the carmaker set a carbon neutrality target by 2050.

Wed, 27 Jan 2021 07:37:31 GMT

Microsoft Azure quarterly services double

Microsoft's cloud computing services Azure rose as much as 50%, marking an acceleration for the second consecutive quarter, boosted by the world's urge to switch to remote work and learning.

Wed, 27 Jan 2021 06:04:44 GMT

Schumer comments on COVID-19 relief plan

On Tuesday, the US Senate Minority Leader Chuck Schumer said that Democrats may move ahead with President Joe Biden's COVID-19 relief plan without the Republican support.

Wed, 27 Jan 2021 04:59:48 GMT

J&J awaits COVID-19 vaccine data

Johnson & Johnson announced that it expected to see the clinical trial data of its coronavirus vaccine next week.

Wed, 27 Jan 2021 04:04:00 GMT

US consumer confidence edges higher in January

On Tuesday, the Conference Board announced that the US consumer confidence index increased to a reading of 89.3 in January from 87.1 in December.

Wed, 27 Jan 2021 02:34:11 GMT

Qualcomm to supply GM with range of chips

On Tuesday, Qualcomm Inc announced that it would supply General Motors with cockpit chips for the next generation of cars.

Tue, 26 Jan 2021 19:09:03 GMT

US consumer confidence improves

The US consumer confidence index increased to 89.3 in January from 87.1 in December, data published by the Conference Board show.

Tue, 26 Jan 2021 17:44:50 GMT

US startup Albert raises $100M

The US fintech startup Albert raised $100M in the second round of funding, a statement published by the company shows.

Tue, 26 Jan 2021 17:30:51 GMT

IMF: China economy to grow 8.1%

The economy of China will expand 8.1% in 2021 and 5.6% in 2022, a report published by the International Monetary Fund shows.

Tue, 26 Jan 2021 16:33:18 GMT

IMF expects global economy to expand 5.5%

The global economy is expected to expand 5.5% in 2021, 0.3% above the previous forecast, data published by the International Monetary Fund show.

Tue, 26 Jan 2021 15:11:53 GMT

J&J sees 2021 profit surge

Johnson & Johnson stated on Tuesday it was expecting the current year's profit to be above Wall Street forecasts, promising to unveil data from its COVID-19 vaccine trial soon.

Tue, 26 Jan 2021 14:19:38 GMT

Verizon adds fewer subscribers in Q4

On Tuesday, Verizon Communications reported it had missed expectations for monthly postpaid phone subscribers in the Q4, tumbled by rising competition from its rivals AT&T and T-Mobile US.

Tue, 26 Jan 2021 13:35:32 GMT

GE beats free cash flow forecasts

On Tuesday, General Electric reported better-than-anticipated Q4 free cash flow, setting its annual goal for the main performance measure at $2.5B to $4.5B amid improvement in its renewable and power energy businesses.

Tue, 26 Jan 2021 12:29:54 GMT

MSCI to eliminate China firms from global index

MSCI announced it would eliminate five Chinese firms from its global equity index on January 27, since there was no update on the Trump Administration's order banning US citizens from making investments in certain Chinese firms.

Tue, 26 Jan 2021 11:21:45 GMT

Dollar remains firm on Tuesday

During Tuesday's European trading hours, the value of the US Dollar remained flat, as expectations of stimulus were being offset by a possible delay.

Tue, 26 Jan 2021 10:23:24 GMT

Hyundai posts surge in Q4 profit

Hyundai Motor posted a 57% rise in its Q4 profit, driven by robust demand for its premium Genesis cars and high-margin SUVs, forecasting a sales jump this year in the North American and Chinese auto markets.

Tue, 26 Jan 2021 08:48:05 GMT

SoftBank appoints new CEO

On Tuesday, the Japanese third-biggest telco SoftBank stated it had appointed Junichi Miyakawa, its Chief Technology Officer, as a new Chief Executive Officer effective April 1.

Tue, 26 Jan 2021 08:08:11 GMT

Apple's executive to step down

Dan Riccio, Apple's hardware engineering head, is set to step down to focus on a new project, according to the iPhone maker's statement made on Monday.

Tue, 26 Jan 2021 06:31:09 GMT

Merkel and Biden make agreement

Reuters revealed on Monday that the US President Joe Bidden and the German Chancellor Angela Merkel had agreed on phone upon transatlantic cooperation.

Tue, 26 Jan 2021 04:40:42 GMT

Apollo CEO steps down

The CEO of Apollo Leon Black stated on Monday that he would leave his post due to a recent reveal of his ties to Jeffrey Epstein.

Tue, 26 Jan 2021 04:31:00 GMT

Vimeo raises equity

On Monday, Vimeo announced that the company had raised $300 million, which brought the company's total valuation to $6 billion.

Mon, 25 Jan 2021 22:44:12 GMT

Stocks retrace down

During Monday's US trading hours, global stock indices retraced down, as the value of the US Dollar surged.

Mon, 25 Jan 2021 20:45:35 GMT

ON24 aims for $2.22B valuation in IPO

Goldman Sachs-backed webinar marketing platform ON24 Inc was looking for nearly $2.22B valuation in its IPO, through selling 8.6M shares.

Mon, 25 Jan 2021 19:51:15 GMT

Huawei considers selling brands P, Mate

China's Huawei Technologies was in early-stage negotiations to sell P and Mate, its premium smartphone brands, sources with knowledge of the matter stated.

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