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 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...
Technology investment company Prosus announced its intention to sell 2% of its stake in Chinese software giant Tencent, a move that will see the company's share be decreased from 30.9% to 28.9%. The value of the stocks that Prosus intends to let go of amasses to approximately $15 billion.
Prosus,...
Digital payments provider SumUp revealed on Tuesday that it has borrowed a sum of 750 million euros ($894 million) from backers led by Goldman Sachs. These funds will be used to fuel the London-based company's acquisitions and new product efforts, with the end goal of continuing its global expansion.
In...
Goldman Sachs Group Inc. is the latest organization to join those who predict a surge in demand for crude oil later in the year as the use of utilities makes the switch from oil to fire power plants. This switch has been influenced by high natural gas prices. Head...
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...
As a result of stark valuation increases and significant gains, big tech stocks have soared throughout the year. Despite their strong performances, however, many investors are looking to diversify away from this long-time successful sector.
Because of their long-term gains, investors are skeptical about the likelihood that tech stocks can...
Whitney Tilson invested in Netflix when it was only at $7.78 a share. Now that Netflix is the massive streaming giant it is today, everyone wants to know what this man's secret is. Thankfully, he's more than willing to give his pearls of wisdom.
But investing in Netflix wasn't his...
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...
Gold hit a new record early on Wednesday before retreating as traders started to take profits from this week’s rally.
Spot gold reached an all-time high of $2,758.49 per ounce, besting its previous record reached the day before by approximately $1. Other precious metals followed closely, with silver surging to...