Deutsche Bank expects global GDP to return to pre-virus levels next year, it warns about challenges to economic recovery.
Stocks in Asia-Pacific are mixed as the US Federal Reserve released the minutes of their November meeting. Chinese JD Health filed for IPO on the Hong Kong Stock Exchange.
Following a successful Hong Kong initial public offering, Evergrande shares are expected to be listed on December 2.
On the 25th of November, Square’s Cash App announced a “definitive agreement” to buy Credit Karma’s tax unit for $50 million cash.
Markets remained under pressure on Wednesday after the freshly released data showed an unexpected jump in the jobless claims. The rising COVID-19 cases put a curtain on the future of the economic recovery with possible signs of a delayed comeback.
Besides the European Commission that just inked a deal with Moderna, the US ranks as one that has shown the highest commitment to both the vaccine development and its acquisition upon approval.
Ever since Tesla announced its entry to the S&P 500, there’s a flood of investors picking up TSLA stock. Tesla remains the most-traded stock on Wall Street with daily trading volumes clocking $26 billion over the last five trading sessions.
Any possible Slack acquisition by Salesforce will give it wings to compete with giants like Microsoft. The deal is like to happen next week as market analysts look up to it with excitement.
Speaking at a virtual conference on batteries hosted by the German government, Tesla CEO Elon Musk suggested that the company could launch a hatchback model for Europe.
JD Health has earmarked 381.9 million shares for the IPO which it is set to be sold for a price from HK$62.80 to HK$70.58.
For the past three months, HP reported revenue of $15.3 billion versus the expected $14.7 billion.
Nikola investors are looking forward to the partnership deal with General Motors as it may cause a positive reflection on the company’s shares.
The top tech companies are bullish in line with the new Dow Jones record-breaking milestone.
As Tesla records continuously increase, the net worth of the company’s CEO has been rising as well.
According to the Bloomberg Billionaires Index, Elon Musk’s net worth has gained over $100 billion since the beginning of the year.