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Richard Branson-owned Virgin Galactic and Elon Musk’s aerospace venture SpaceX are the other two heavyweights in the space race apart from Blue Origin led by Bezos.
Amidst China’s clampdown on cryptocurrency operations and anxiety over the virus crisis, Bitcoin has yet again witnessed a record decline in its price.
The US SEC along with some investors raised concerns over the $4 billion investment in Universal Group via the SPAC – Pershing Square Tontine Holdings (PSTH). Ackman shall now fund this investment through his Pershing Square hedge fund.
The fast spread in the Covid-19 delta variant has put concerns on the growth of the economy. The CBOE Volatility Index shot to 25 suggesting high fear among investors on Wall Street.
Robinhood is planning to release 55 million shares in the open market as it plans to reserve 20% to 35% of Class A shares for its customers.
Shares of Sumo skyrocketed over 40% on the London Stock Exchange on Monday following the news of the acquisition.
Zoom CEO Eric Yuan stated that the company is always looking for promising ways to seek enhancement and Five9 seems to be a perfect fit to branch out and adapt.
The 30% stake acquisition in LMAX Group will help investment giant J.C. Flowers to expand its institutional services as well as step into overseas markets like Asia.
The S&P 500 has been trading at record-high levels. Analysts expect the markets to trade at their peak until the government provides stimulus to back the economic recovery.
By moving into game developments, Netflix believes that this would be another way of luring new subscribers and also keeping the old ones.
The latest Revolut funding was backed by Japanese investor SoftBank’s Vision 2 and British conglomerate Tiger Global.
Amid the government’s spendings and stimulus, the banks also reported a strong surge in consumer spending. The credit card spending for most of the banks has shot above the pre-pandemic levels.
A recent industry report shows that the fund-of-fund unit for the banking giants will help in onboarding crypto strategies for portfolio managers who actively trade in cryptocurrencies.
Inflation numbers for June have been much higher than expected with some Fed officials hinting that the upside risks are increasing.
Soon as the Labor Department released the inflation numbers, the US Treasury Yield surged 4 basis points on Tuesday. The Fed noted that the inflation worries will be temporary.