Rivian Automotive Inc., an electric-vehicle startup that has received financial backing from both Amazon.com Inc. and Ford Motor Co., is determined to go public as soon as September 2021. According to sources that are familiar with the company, Rivian is expecting a valuation of $50 billion at the time...
The Fortress Investment Group, comprised of the likes of a SoftBank subsidiary and the American billionaire Koch family, is pursuing a private equity takeover of Wm Morrison Supermarkets Plc, the United Kingdom's fourth-largest supermarket chain. Despite leading the charge, this group faces the challenge of convincing Morrison stakeholders, customers,...
Tesla is one of the most lucrative companies in the world, and yet people still managed to underestimate it so far this year. The company recently posted a first-quarter profit that handsomely surpassed estimates, thanks to a shockingly high level of deliveries throughout Q1.
But although the profit was higher...
Not long after GameStop CEO George Sherman agreed to step down by July 31st from his position, company shares soared dramatically. Sherman has held the title for roughly two years, and his departure coincided with the company stock rising 6.26% as of earlier this week.
GameStop has been the center...
Chinese eCommerce giant Alibaba experienced a slowing sales growth during the month of September, leading to its slowest sales pace in its history for this specific time period.
As a result, Alibaba shares slumped by more than 4% on the New York Stock Exchange. Also of concern is the tightening...
15 years after it was taken private, animal supply chain store Petco enjoyed a strong return to life as a publicly-traded company, generating $864 million in its initial public offering. The company, now changing its name to Petco Health and Wellness Co., sold 48 million shares at a price...
Walmart announced its intention last week to increase the hourly wage of its workers by $1, with more than 565,000 employees nationwide set to benefit from this raise.
This move comes as retailers across the US gear up for the holiday season, when sales hit their peak and the demand for...
With the coronavirus pandemic severely restricting passenger flights and transportation options while increasing cargo delays, medical companies across Canada have embarked on a race to secure shipping for time-sensitive radioactive chemicals used in the cancer treatment process.
Approximately half of all air cargo travels on passenger aircrafts, with the remaining...
Stock markets across the Middle East have rallied this past week as a result of optimism surrounding the ongoing coronavirus vaccine rollouts taking place across several nations in the region.
The front runner is the United Arab Emirates, while indexes in Israel and Oman have also increased significantly thanks to...
In recent weeks and months, prices have been soaring across the retail industry. However, don't expect Costco to jump on the bandwagon. At least not in terms of their membership fees and not right away.
In the past, Costco's membership saw a price hike every five-and-a-half years on average. The...