For ChargePoint, a reverse merger is an attractive opportunity to go public and a good strategic option. According to internal sources, the deal could value the company at over $2 billion.
Spotify shares added 57.04% year to date, jumping around 4.25% in the past three months.
As analysts predict, General Electric’s full-year cash burn will total about $2 billion, which means $1 billion in positive free cash flow over the second half of the year.
The Dow Jones Industrial Average rose 36.78 points, or 0.13%, to 28,032.38 yesterday. However, the index has now dropped 1.77% YTD.
As noted by Glassdoor, the most common trends amongst the top-rated CEOs during the COVID-19 pandemic include prioritizing work-life balance, taking care of employees’ overall well-being, offering flexible and/or remote working policies.
Shares of Snowflake, a cloud data warehousing firm that has the backing of Salesforce and Warren Buffett’s Berkshire Hathaway, more than doubled on their first day of trading in the biggest software IPO ever.
Diginex received an overwhelming 80% shareholder approval for its merger with 8i Enterprises. Digifinex subsidiary EQUOS will be the first crypto exchange to be listed on the Nasdaq index.
After investing in BTC for the first time last month, MicroStrategy yesterday announced that it had purchased more Bitcoins.
The tech sector continues to push the markets higher on Tuesday along with better economic data coming out of China. The U.S. Industrial Production data for August shows 0.5% jump.
Following the announcement of Apple Fitness+, Peloton shares fell but managed to recover. Nevertheless, PTON fell over 6% in the last five days despite climbing more than 200% in 2020.
Tesla stock jump is being attributed to the fact that one of its biggest rivals, Nikola is facing fraud charges with the SEC.
As FedEx has said, its good performance resulted from strong demand in its services, volume growth in its international priority, and U.S. domestic residential package services.
Apple bundles all its subscription services under the ‘Apple One’ subscription with additional benefits. The tech giant also extends its footprint in the tech-fitness market by announcing its Apple Fitness+ service for Apple Watch users.
Klarna, the Swedish payment firm, has reportedly recorded a massive growth in the U.S. as the country continues to battle the emergence of the COVID-19.
Sony stock has received an average of a ‘buy’ rating from 25 credible analysts. This is a strong indicator that the shares are experiencing a buy pressure and likely to hit its ATH set in mid-march of 2000.