In recent times, Chinese authorities have upped their game and are beginning to pay more attention to the activities of internet companies in the country.
American investors Stanley Druckenmiller and Bill Ackman are set for a huge payday after a record-breaking Coupang IPO. The company debut at $35 on Thursday, surpassing its initial target.
The crypto lender BlockFi has noted as one of its many plans to utilize the new capital boost to accelerate the expansion of its services into new markets.
Sanofi will begin testing its second COVID-19 vaccine on 415 people today. First results are expected sometime between July and September 2021.
The weekly jobless claims as per the Labor Department report have dropped to a four-month low since November 2020. The tech and growth stocks continue to rally further with the stimulus boost.
CoinShares stock opened the day at 81.9 SEK and closed at 109.12 SEK. This translates into a market cap of 7.3 billion SEK ($860M) and 33% price jump.
CZ said that Binance books are healthy at the moment with good cash reserves and growth figures. Thus, he thinks that the company is better-off staying private and doesn’t see the need of going public.
Roblox investors are closely monitoring the coronavirus vaccine development as it will significantly affect the company’s gains.
Predicting 2021 earning results, Bumble said that the company is expected to generate revenue between $716 million and $726 million.
Though Boeing is showing signs of getting back on its feet, there are still a few more things to improve to guarantee a potential recovery run.
Oracle reported a net income of $5.02 billion, or $1.68 a share, compared with $2.57 billion, or 79 cents a share, in the year-ago period.
Following Baidu’s Hong Kong secondary listing, the company would become the latest Chinese tech giant to secure money in this financial hub.
The pandemic spiked an economic downturn that lowered interest rates, thus pushing retail investors to seek refuge in terms of potential gains in the stock markets.
The valuation of Roblox also received its boost after the company gave a bullish earnings guidance for the 2021 fiscal year.
Coupang shares are expected to start trading on Thursday on the New York Stock Exchange under their ticker ‘CPNG’.