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Market News, News

Peloton Announces $420 Purchase Deal of Fitness Equipment Manufacturer Precor, PTON Stock Up 7%

By Bhushan Akolkar Dec 22, 2020 • 2 mins read

As part of the deal, Peloton will straight away acquire Precor’s fitness equipment manufacturing factories across four locations in the US This is like to help Peloton is dealing with some of its supply chain issues and meet the demand requirements.

Market News, News

Latest Reports Suggest Apple Car Coming in 2024, AAPL Stock Outperforms Market on Monday

By Bhushan Akolkar Dec 22, 2020 • 3 mins read

Apple’s is once again making its Project Titan alive and is reportedly focusing on battery technology which will make it cost-effective while simultaneously providing more miles range.

Market News, News

GE Stock Slighty Down Now, General Electric Eyeing Boisterous Years Ahead

By Steve Muchoki Dec 22, 2020 • 3 mins read

General Electric (GE) shares were trading around $10.71 in the after-hours session, having dropped by approximately 0.56%.

Bitcoin News, Cryptocurrency News, News

MicroStrategy’s Bitcoin Holdings Tops $1B Following Latest Acquisitions

By Godfrey Benjamin Dec 22, 2020 • 3 mins read

MicroStrategy’s latest Bitcoin purchase appears to have received the applause of its investors as it is showcased in the current share price.

Altcoin News, Bitcoin News, Cryptocurrency News, Ethereum News, News

Grayscale Temporarily Pauses Fresh Investments into Its Bitcoin (BTC) and Ether (ETH) Trusts

By Bhushan Akolkar Dec 22, 2020 • 2 mins read

The latest halt comes as the six-month lock-up period for selling the recently purchased shares of the Grayscale Bitcoin fund comes to an end. Also, it comes as Grayscle’s total assets under management (AUM) crossed $15.7 billion.

Market News, News

Tesla (TSLA) Stock Slumps Over 6% in S&P 500 Debut

By Mercy Tukiya Mutanya Dec 22, 2020 • 3 mins read

Tech giant Tesla Inc made its S&P 500 debut. This comes at a time when a new, more infectious strain of the coronavirus is shaking markets globally.

Market News, News

Dow Jones, S&P 500 Take Plunge as New Coronavirus Strain Emerges

By Godfrey Benjamin Dec 21, 2020 • 3 mins read

The Dow Jones has gained 5.8% this year while the S&P 500 has rallied 14.8% and the Nasdaq Composite comes off with the biggest pump with a 42.2% surge.

Bitcoin News, Cryptocurrency News, News

Bitcoin (BTC) Price Falls to $22K After Reaching ATH with 23% Surge

By José Oramas Dec 21, 2020 • 3 mins read

BTC recent reversal dragged most altcoins and the second most popular crypto Ethereum fell on Sunday as well.

Market News, News

ZM Stock Up 4.5%, Zoom Set to Surge in 2021 Following Upcoming S&P 500 Listing

By John K. Kumi Dec 21, 2020 • 3 mins read

Its daily peak users surged significantly with a report showing an unprecedented growth from 10 million users in December 2019 to 100 million users in April 2020.

Bitcoin News, Cryptocurrency News, News

JPMorgan: Bitcoin (BTC) Price May Correct If Inflows into Grayscale Bitcoin Fund Slow Down

By Godfrey Benjamin Dec 21, 2020 • 5 mins read

The Bitcoin price correction witnessed in the second half of 2019 may be seen in the coming weeks if there is a major slowdown in the inflows recorded by the Grayscale Bitcoin Trust.

Altcoin News, Blockchain News, Cryptocurrency News, News

DeFi Lending Protocol Warp Finance Recoups 75% of Stolen Funds

By Kofi Ansah Dec 21, 2020 • 3 mins read

While the exact specifics of how Warp recovered the funds are unknown, reports suggest the decentralized lending protocol was able to recoup the stolen funds.

Market News, News

Congress Approves $900B COVID-19 Stimulus After Months of Negotiations

By Bhushan Akolkar Dec 21, 2020 • 3 mins read

After months of negotiations, Congress finally approves a $900 billion stimulus package to fight the ongoing COVID-19 crisis. The daily cases in the US peaked above $400,000 last Friday.

News

SoftBank Preparing to Raise at Least $500 Million in SPAC IPO

By Darya Rudz Dec 21, 2020 • 3 mins read

SoftBank SPAC IPO will be overseen by SoftBank Investment Advisers which also runs the Vision Fund. Besides, Goldman Sachs Group and Citigroup will underwrite the deal.

Market News, News

Jack Ma Offers Beijing Part of Ant Group to Appease Regulators and Rescue Its IPO

By Steve Muchoki Dec 21, 2020 • 3 mins read

Ant Group had anticipated raising up to $35 billion in a dual listing in Hong Kong and Shanghai stock exchanges.

Market News, News

Lockheed Agrees to Acquire Aerojet Rocketdyne in Deal Worth $4B

By John K. Kumi Dec 21, 2020 • 3 mins read

As part of the deal, $56 per share will be paid to Aerojet Rocketdyne. Also, after the pre-closing special dividends have been paid by the company, Lockheed will only pay $51 per share as the purchase price.