With the market for electric vehicles constantly expanding, London-based EV start-up Arrival Ltd has decided to enter the public market, announcing a reverse merger with special purpose acquisition company, CIIG Merger Corp, in a deal worth $5.4 billion.
Established just five years ago, Arrival Ltd has differentiated itself from competing...
Canadian security firm GardaWorld has confirmed that it has extended its offer to purchase G4S Plc after its significantly larger UK-based rival rejected several of its previous offers. The Canadian firm revealed in a statement that its latest offer will remain valid until November 28.
Gardaworld’s previous offer valuing G4S...
Rivian, an electric-vehicle startup backed by Amazon and Ford Motor Co, announced on Wednesday its intention to produce smaller electric vehicles in an effort to target EV markets across Europe and China, where it may begin manufacturing efforts sometime in the future.
This comes after the company released two new...
Following positive reports regarding the development of coronavirus vaccine candidates by the likes of Pfizer and Moderna, oil stocks have risen to their highest levels since early September. Futures, in particular, enjoyed a significant rise of 2.5% on Wednesday.
The surge in share prices mostly came as a result of...
Warren Buffet’s conglomerate holding company Berkshire Hathaway Inc announced on Monday that it would be focusing its investment habits on four major pharmaceutical companies. This comes after the industry enjoyed positive press following the announcements of effective COVID-19 vaccine candidates from the likes of Moderna, Pfizer, and BioNTech.
James Armstrong,...
After exceeding expectations in its third-quarter estimates, Chinese electric vehicle manufacturer Nio experienced a fall in its stock price late on Monday night.
While Nio incurred a quarterly loss, its earnings report showed a stronger finish than was expected by Wall Street analysts. While a loss of 15 cents per...
The Dow Jones, S&P 500, and Nasdaq indexes all enjoyed reaching record highs in the past week, with market activities being heavily influenced by news regarding the race to develop a COVID-19 vaccine.
Pfizer (PFE) and BioNTech (BNTX), who are at the forefront of the development of the first effective...
Cisco Systems Inc. is now expected to beat industry analysts’ forecast for the company’s second-quarter earnings. This news has resulted in a 9.6% rise in Cisco stocks as markets close.
With the economy gradually recovering from its coronavirus slump, governments and companies alike are expected to resume spending on networking...
As New York City grapples with the COVID-19 pandemic, its status as a financial hub is slowly eroding in the eyes of several businesses, among them Marathon Asset Management. Citing the coronavirus pandemic along with New York City’s high costs, the investment firm has decided to open a new...
Nasdaq was up by 2% when trading closed on Wednesday, thanks to investors placing their faith back in technology stocks following the latest surge in COVID-19 cases.
With analysts closely monitoring the race for a Coronavirus vaccine, investors turned away from economically-sensitive sectors in favor of backing technology stocks, particularly...