Indoor vertical farming startup Bowery Farming confirmed on Tuesday that it raised $300 million in its latest funding round, led by Fidelity Management & Research Company LLC. This new injection of capital sees the New York-based startup's value inflate to $2.3 billion.
With the coronavirus outbreak shedding light on the...
Hedge fund Elliot Investment Management has urged Duke Energy Corp. to separate into three companies; a move that the New York-based firm expects will attract approximately $15 billion in value for the energy company's existing investors.
While Duke may own an array of high-quality utility franchises, the electric power holding...
The U.S. Department of Labor released its weekly report on jobless claims this Thursday, with initial unemployment claims dropping to a new low since the start of the coronavirus pandemic. This improvement has been largely spurred by the return to in-person activities as more Americans are vaccinated and returning...
French media conglomerate Vivendi SE revealed on Wednesday that its most-prized asset, Universal Music Group, is now worth 33 billion euros ($40 billion). This means that Universal is now worth more than its parent company. With a general meeting scheduled in June, Vivendi has released related documents outlining the...
Electric scooter company Bird announced on Wednesday that it is in the process of merging with blank-check company Switchback II Corporation in an effort to go public. The deal is expected to cost the shared electric scooter mobility startup $2.3 billion.
In order to help fund the deal, Bird announced...
As the global demand for oil continues to undergo an unbalanced recovery, the price of oil has slipped below $69 per barrel. Since failing to pass the $70 mark on Wednesday, global benchmark Brent has been unable to regain momentum.
Much of the inconsistency is the result of wavering performances...
Nokia stock soared a whopping 16% in premarket trading, after posting surprisingly impressive performance numbers in Q1. The main reason behind this surge is thanks to 5G, but nevertheless, analysts did not expect things to go so swimmingly for them at this juncture.
Back in October, the Finnish telecom company...
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...
When it comes to the giant corporations of today, the stakes get higher and higher. We're not talking millions, and we're not talking billions—we're talking trillions.
There are two companies that are expected to reach a value of $2 trillion sometime soon, and they're Microsoft and Amazon.
Last week, Microsoft's shares...
Chipotle surpassed Wall Street's expectations when they posted their first-quarter earnings of 2021. Apparently, their knight in shining armor was their digital sales, which more than doubled during the pandemic.
Due to hordes of people being forced to stay at home, Chipotle could've crumbled in the wake of these changes....