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...
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...
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...
Reliance Industries Ltd announced last week that it will be investing $144 million in U.S. energy storage company Ambri Inc. The Indian oil-to-telecoms conglomerate will be joined by the investors such as Bill Gates as well as the investment management firm Paulson & Co.
Through its Reliance New Energy Solar...
When you're working from paycheck to paycheck, it's not always easy to save up money. For this reason, the small amount that you do manage to save should be treated with as much care as possible. If you've been able to save up to $1,000 in your bank account,...
Financial services firm Gulf Islamic Investments LLC is planning to purchase a stake in a Saudi healthcare company for around $600 million, co-founder Mohammed Alhassan revealed during an interview. This is expected to be the largest deal that GLL has completed to date.
Currently overseeing over $2 billion in investments,...
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...
The stock of sports betting and daily fantasy sports provider DraftKings continued its free fall this week, prompting its CEO Jason Robins to speak out publicly about the issue. Robins addressed the plummeting stock on Twitter, writing that the investors who sold their DKNG stock will "regret that decision."
"If...
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...
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...