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....
Hard seltzer has been trending strongly, and Coca-Cola wants a piece of the pie. Indeed, off-premise hard seltzer sales showed a shocking 160% year-over-year increase in 2020, reaching a number of $4.1 billion.
Coca-Cola recently created its own version of hard seltzer, not intimidated in the slightest by other companies...
Healthcare and science provisions supplier Thermo Fisher Scientific Inc has decided to pursue the purchase of clinical and research provider PPD Inc in a deal worth $17.4 billion. This promises to be yet another game-changing deal in the health care sector, which has soared since the start of the...
Bank of America Corp joined its biggest rivals in capitalizing on the stock market bonanza that occurred this year. With the NYSE enduring a wild ride, BofA experienced a 17% rise in sales and trading throughout the first quarter, with equities and underwriting more than tripling.
During a conference call...