Netflix stock (NFLX) isn't the hottest commodity these days and it might be even less desirable after it received a downgrade from Goldman Sachs. In a recent note to clients, Goldman's analyst Eric Sheridan said that his team has various concerns related to NFLX while changing the stock's rating...
Top British asset management firm Aviva Investors has revealed its intention to distance itself from companies that do not meet its requirements in terms of efforts put towards tackling climate change. This includes those in the oil, gas, mining, and utility sectors.
Chief investment officer for equities David Cumming is...
Japanese conglomerate SoftBank Group Corp has decided to invest $125 million into a Saudi Arabian company, marking its first foray into the Gulf nation. The investment, which is for a customer communication platform called Unifonic, was co-led with Sanabil, which is wholly owned by the Kingdom's Public Investment Fund.
Unifonic...
United Airlines Holdings Inc announced on Thursday its intention to invest $15 million in Eve Air Mobility, a subsidiary of Brazilian aerospace company Embraer. The major U.S. carrier also revealed that it will order 200 aircraft from the air taxi maker. An option for an additional order of 200...
The Goldman Sachs Group unveiled Marcus Invest, its new digital wealth management system that is due to be released sometime this year. This low-cost platform will allocate and rebalance customers' wealth across an array of portfolios consisting of both stocks and bonds. This platform's wealth allocation system is based...
Canadian hip-hop artist Drake has decided to purchase a stake in fried chicken restaurant chain Dave's Hot Chicken, putting him alongside fellow celebrity investors such as Boston Red Sox Chairman Tom Werner and actor Samuel L. Jackson. Drake, who is expected to own just under 50% of the company,...
Production firm Skydance Media has struck a new deal to acquire entertainment conglomerate Paramount Global according to a report by The Wall Street Journal. The news comes just several weeks after Paramount’s controlling shareholder, Shari Redstone, walked out of a previous agreement with Skydance.
Reportedly, Skydance will buy Redstone’s National...
The Warren Buffet-led conglomerate Berkshire Hathaway has decided to decrease the sum of its investments in Apple Inc, opting to instead reinvest some capital in companies from the drug, telecom, and oil industries during the latest financial quarter. Berkshire Hathaway's latest initiative became apparent in the company's filings with...
Russian internet search engine Yandex is looking to launch a new cloud business in Germany, the company announced on Friday ahead of its annual Yandex.Scale cloud conference. The business, which it hopes to open in 2022, will take a $30 million investment.
Founded in 2018, Yandex has experienced exponential growth...
Analysts at banking giant Goldman Sachs believe gold is the best long-term investment for the future while predicting the continuation of the recent rally for the precious metal.
In a recent research note, Goldman Sachs put a 2025 target price for gold at 2,700 per ounce compared to this week’s...