Small investors that hail from India have recently taken advantage of the frenzy surrounding GameStop and its shares. They've jumped on the opportunity, which is why GameStop is the most commonly traded stock in certain Indian brokerages.
Ever since January 12th, GameStop shares have gone up a whopping 1,700%. This...
In a late-stage funding round led by Durable Capital Partners, billing software company HoneyBook, Inc. raised over $155 million in funds. This Series D funding round was comprised of investments from firms such as Tiger Global Management, Battery Ventures, Zeev Ventures, and 01 Advisors.
Based in San Francisco, California, HoneyBook...
Johnson & Johnson stocks slid by 0.2% during afternoon trading on Wednesday after reports of its coronavirus vaccine candidate falling two months behind schedule.
While the pharmaceutical company had initially planned to have 12 million doses of its vaccine ready for distribution by the end of February, several delays have...
Taiwanese company Pou Chen Corp halted operations at its plant in the Vietnamese capital of Ho Chih Minh City last wek as a result of COVID-19 concerns. The factory, which produces footwear for Nike and Adidas, took the decision as COVID-19 cases continue to surge in Vietnam's business hub.
Vietnam's...
Sporting apparel giant Nike unveiled its first-ever sustainable basketball shoe on Wednesday, called Cosmic Unity. This is part of the company's Move to Zero campaign, which aims to realize a zero-waste and zero-carbon future.
While composed of at least 25% recycled content, Cosmic Unity lead designer Ross Klein reassured consumers...
The surging inflation didn't make a significant mark on the spending power of Americans as predicted. On the contrary, according to a report by Commerce Department, the retail sales went up in January by 3.8 percent after a 2.5 percent dive in December.
The data shows that the total spending...
Amazon.com Inc revealed on Monday its plan to open two new distribution centers in Italy during the course of this year. The world's largest retailer will be injecting over $278 million into this expansion.
One distribution center will be located in the north-western city of Novara, while the other, which...
Canadian auto parts manufacturing company Magna International reported on Thursday that its quarterly profit skyrocketed by more than 136%, as heavily increased vehicle demand led to a surge in the purchase of body structures, chassis, and powertrains. This quarterly profit increase sees Magna's full-year revenue outlook experience its own...
After weeks of deliberation, the U.S. government ultimately decided against imposing an investment ban on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. This move was initially triggered by a government decision to deter American citizens from investing in companies with ties to the Chinese military.
While initially backed by...