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NetEase, a Chinese gaming giant, gained at least $2.7 billion in its secondary offering in Hong Kong. NTES stock on Nasdaq is up 2.75% now.
Last month Amwell managed to raise $194 million to support the expansion of its services that are highly demanded today. Now it plans to go for an IPO later this year.
Ripple CTO David Schwartz has debunked all the talks about the company’s plans to replace XRP with Ripple Stablecoin (XRPSC).
Checks is one of the amendments on the XRP Ledger Protocol that have been around for long but is yet to achieve a majority vote to become functional on the Ripple network.
Of 20,247 new cars registered in the UK in May, 852 were Tesla Model 3. In April, Tesla Model 3 was the best-selling car in the UK as well. Following the news, Tesla (TSLA) stock is 0.84% up in the pre-market.
Though now Moderna (MRNA) stock is significantly below its ATH, Oppenheimer analyst predicts an 80% increase from the current level.
On Thursday, American Airlines (AAL) stock jumped 41% to $16.72 at the close, which is the biggest gain since 2013 when the company merged with US Airways. The jump followed the carrier’s announcement about boosting its capacity.
Facebook announced that it will not support all state-controlled media outlets in promoting their ads effective this summer ahead of the 2020 U.S. elections. FB shares are up 0.45% to trade around $227.30 in the pre-market.
The Nasdaq 100 index showed a sharp recovery after the market crash and made a new intraday record on Thursday. Analysts are turning bullish over the reopening of the economy with many saying that the worst is behind us.
Since COVID-19 first broke out, Revolut has reportedly asked over 50 Poland and Portugal-based workers to quit. Meanwhile, the company revealed a new version of its app that is aimed at enhancing user experience.
Elon Musk believes it’s time to break up Amazon. In a series of tweets, he called the company a monopoly after it was revealed that his book about coronavirus doesn’t meet Amazon guidelines for sale.
AstraZeneca plans to deliver 1 billion doses of a COVID-19 vaccine to developing countries, 400 million doses can become available this year. Moreover, 400 million doses will be sent to the U.S. and the United Kingdom. AZN stock is up in the pre-market.
Tether is now the third biggest cryptocurrency by market capitalization. On May 25, it overtook XRP, reaching a market cap of around $8.7 billion. Now it is expected that USDT can become the number two crypto instead of Ethereum.
Tesla has major plans for expansion in China, Germany and the United Kingdom. Meanwhile TSLA stock is down today, trading at below $860.
If the talks between Amazon and Bharti Airtel are successful, Amazon will buy a 5 percent stake in this Indian telecommunications company.