PepsiCo reported revenue of $20.19 billion during the three months ending on September 4, against $19.39 billion expected by analysts.
While the reason for the investigation remains blurry, it might be tied to its announcement of going public.
MSFT stock has gained approximately 37.49%, 27.29%, and 1.9% in the past year, YTD, and three months respectively.
The company will be adopting a new name as it planned to sell its FireEye Products business to Symphony Technology Group.
Rising bond yields continue to pressure on tech stocks with Nasdaq Composite correcting another 2%. On the other hand, energy stocks gained momentum amid optimism of economic reopening.
The Facebook stock has risen approximately 23.27%, and 19.43% in the past year and YTD respectively.
Regarding the proposed IPO, GlobalFoundries noted that “Mubadala will continue to have substantial control” after the offering.
The increased revenue and earnings inflow HIVE blockchain reported in its Q1 ended June 30 might have been boosted by the incessant crackdown on mining activities by Chinese authorities.
Facebook stock has dropped 3.30%, 8.84%, and 2.82% in the past three months, one month, and five days respectively through Monday’s pre-market.
To make its bond interest payments, Chinese realtor Evergrande Group raised $5.1 billion by selling a 51% stake to Hopson Development. Asian markets remained under pressure as a result of this matter on Monday trading.
The proposed IPO plan by Volvo is arguably one of its long list of strategic goals to power the capital injection that will fuel its switch to electric car production in the coming years.
Bloomberg’s senior ETF strategist notes that there are high chances of Bitcoin ETF approval in the US this month. It looks like this could be a major trigger to the next bull run.
The company plans to apply for Emergency Use Authorization (EUA) with the US FDA based on the findings of the trial and there are also plans to submit marketing applications to other regulatory bodies worldwide.
On October 1, the flagship crypto-asset staged another significant move to reclaim the $45k level.
In the financial year that ended in March 2021, the company reported a loss of $528 million on a total income of $600 million.