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Ahead Of Arm's IPO, Amazon Is In Discussions To Make An Anchor Investment

Amazon.com is in discussions to join other technology firms as a cornerstone investor in SoftBank Group Corp.'s Arm Ltd prior to the company's initial public offering (IPO), according to reports quoting sources with information of the matter.   The IPO's probable participation by Amazon,...

Beyond Meat’s Expectations For Annual Revenue Reduced Due To Fall In Demand For Alternative Meat

As decreasing demand for its more expensive plant-based meat products shows no signs of recovery, Beyond Meat lowered yearly revenue prediction and missed second-quarter net sales estimates, sending shares down 8% in extended trading on Monday.   Customers are choosing cheaper animal protein...

PayPal Introduces A Stablecoin Backed By Dollars

Payments behemoth PayPal has announced the creation of a U.S. dollar stablecoin, making it the first significant financial technology company to accept digital currencies for transfers and payments.   The news from PayPal, which increased its stock price by 2.66% on Monday, is a vote of...

Musk Says The Altercation With Zuckerberg Will Be Broadcast Live On X

A date for Elon Musk's proposed fight with Meta Chief Executive Mark Zuckerberg is "still in flux," Musk said on Sunday, adding that the event will be live-streamed on social media site X, formerly known as Twitter.   "I'm getting an MRI of my neck & upper back tomorrow. May require...

Starting This Week, Credit Suisse To Eliminate 80% Of Employees At Hong Kong Investment Banking Division

According to two sources with knowledge of the situation, Credit Suisse will begin laying off about 80% of its investment banking employees in Hong Kong this week as part of its integration with UBS Group.   The layoffs that would affect Credit Suisse's 100-person investment banking unit in...

Huawei Plans To Revive China's Smartphone Market With An Updated Mobile Operating System

In an effort to strengthen its smartphone business once again, Huawei on Friday unveiled HarmonyOS 4, the newest version of its mobile operating system, and an improved A.I assistant.   The Shenzhen-based telecom company is attempting to recoup from U.S. sanctions that cut it off from...

Alphabet, Parent Company Of Google, Sells About 90% Of Its Robinhood Stock

Days after the trading app announced it had made a profit for the first time as a publicly traded firm, Google parent company Alphabet announced that it had reduced its ownership position in Robinhood Markets by almost 90%.   The breakout financial technology app during the pandemic, when...

Coinbase Sales Exceed Expectations, Executives Anticipate Defeating The SEC

On Thursday, Coinbase Global exceeded estimates for second-quarter revenue due to higher interest income, and its management stated that the cryptocurrency exchange anticipates winning its legal battle with the U.S. securities commission.   The US Securities and Exchange Commission filed a...

Amazon Projects A Successful Q3 Based On Strong Cloud Revenues And Consumer Trends

As recent cloud-computing headwinds started to ease, Amazon.com Inc. on Thursday reported sales growth and earnings that above Wall Street's forecasts. The business also offered shoppers faster and more affordable delivery of their purchases.   As a result of the news, Amazon's stock price...

Singapore Bank DBS' Q2 Profit Above Expectations; Record Year Anticipated

The largest bank in Singapore, DBS Group, reported on Thursday that higher interest rates contributed to income growth and expected rise in its net interest margin (NIM), causing its second-quarter profit to leap an expectation-beating 48% to a new record.   A hike in the Hong Kong Interbank...

Tesla Benefits In India, Where Chinese Automakers Are Under Pressure.

Elon Musk might benefit if China loses the Indian market.   For its proposal to invest in India, Tesla has received a red carpet welcome, while its main competitor in the electric vehicle market, China's BYD, has been put on hold due to enhanced scrutiny from New Delhi.   As a result,...

Ford Supports Hybrids Despite Losing Billions On EVs

A large number of new hybrid cars are being developed by Ford Motor.   "You're going to see a lot more hybrid systems from us," CEO Jim Farley said on Thursday after the business disclosed second-quarter earnings that showed expanding losses on its electric car unit.   The remarks go...
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World

Burying the Future: Why Communities Are Being Asked to Shoulder Nuclear Waste Forever

Control, Law and Leverage: How the Panama Canal Ruling Strengthens Washington’s Hand Against Beijing

Nobel Rules Affirmed: Peace Prize Is Immutable, Non-Transferable, Nobel Institute Explains After Machado’s Trump Comments

Washington’s Transactional Turn Puts Greenland at the Center of a New Arctic Power Play

Diplomacy at a Delicate Juncture as Washington Pushes Ukraine Talks Toward Compromise