In order to prevent the nation's economy from further harm caused by the ongoing COVID-19 pandemic, Greece's government intends to inject another 2.5 billion euros ($3 billion) into its already struggling economy. Currently, the Mediterranean nation finds itself coming to grips with an overwhelmed healthcare system while at the...
After 33 years of operational difficulties, American vaccine development company Novavax has finally received approval for its COVID-19 vaccine shot. According to testing results, the Novavax vaccine has efficacy rates that are of a similar level to the vaccines developed by Pfizer and BioNTech as well as Moderna.
As the...
Chinese electric vehicle manufacturer Li Auto (LI) reported an unexpected profit for Q4 of 2020 on Thursday, sending the auto manufacturing company's stock up by 1% to 28.98 in premarket trading. This movement is in stark contrast to the stock slump that Li was expected to incur.
While analysts expected...
Private equity firm CVC Capital Partners is currently exploring a bid for UK chemical manufacturer Synthomer Plc, according to reports. The Luxembourg-based CVC currently manages approximately $111 billion in secured commitments of private equity, credit, and growth funds across Asia and Europe.
According to insiders who asked to remain anonymous,...
In an effort to overcome the island's bankruptcy over the last four years, Puerto Rico reached a tentative deal with multiple bondholder groups to reduce the debts owed by the central government.
The new agreement would take into consideration the substantial damage that the island's economy incurred since the start...
California-based EV company Lucid Motors and blank check company Churchill Capital IV (CCIV) completed a merger deal on Monday night. With the deal under wraps, the EV company is one step closer to realizing its goal of going public. Churchill Capital IV shares declined by 30% following the announcement.
As...
Amazon founder Jeff Bezos has reclaimed the title of the world's richest person this week, unseating Tesla and SpaceX pioneer Elon Musk. This comes after Tesla Inc. stocks slipped by 2.4% during Tuesday's trading.
Having help at the top spot for six weeks, Elon Musk lost approximately $4.5 billion as...
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...
Electric vehicle charger manufacturer Blink Charging Co. has posted a 3,000% stock gain over the past eight months, making it one of the most in-demand stocks in the United States. Surprisingly, this climb comes after 11 successive years during which the company was unable to turn a profit. In...
With hopes for a new fiscal stimulus reigniting a squeeze of short positions, the S&P 500 continues to experience a rally of its own. This increase sees the stock index edge ever closer to attaining new record highs. $10 billion worth of short stocks were sold last week, which...