American investment giant JPMorgan Chase & Co announced on Thursday its intention to contribute up to $2.5 trillion over the next decade to companies and projects investing in climate change and social justice initiatives. During an official statement, the company declared that $1 trillion of this investment package would go...
In an effort to make COVID-19 vaccines accessible to underprivileged Americans, Uber Technologies Inc, PayPal Holdings Inc, and Walgreens Inc confirmed on Monday that they will be launching a joint $11 million Vaccine Access Fund to provide free trips to coronavirus vaccination centers so that Americans who lack access...
Automation software developer UiPath Inc. is planning to raise $1.1 billion in its U.S. initial public offering. As confirmed from a prospectus filed with U.S. Securities and Exchange Commission on Monday, the New York City-based company is offering 6.8 million shares while shareholders such as Accel and Alphabet Inc’s...
With Moderna (MRNA) stocks skyrocketing following the successful rollout of the company's COVID-19 vaccine, co-founder and chairman Noubar Afeyan has decided to sell a large portion of his shares totaling a value of approximately $1.4 billion.
From February 22nd through February 24th, Afeyan sold 6.5 million Moderna shares for a...
The Abu Dhabi-based Mubadala Investment Co. is considering becoming part of an investment group with an interest in Saudi Aramco’s oil pipelines—a deal that is expected to be funded by a loan of approximately $10.5 billion. One spokesperson for Mubadala confirmed that the sovereign wealth fund is currently in...
As a response to pressure from investors concerned over pollution and burning of fossil fuels, Anglo American has taken the decision to separate its South African coal mines into a new business this year. This decision comes after a year of planning an exit from thermal coal.
The new business,...
EV manufacturer Tesla reported its quarterly earnings on Monday, triggering a 7% increase in the EV maker's stock. This comes after the Elon Musk-led company posted record quarterly earnings for the period between January and March.
In an announcement on Friday, Tesla revealed that it delivered 184,800 vehicles in the...
In one of the largest equity offerings ever to be offered by a company in the retail sector, GameStop announced its intention to sell up to $1 billion worth of shares. Jeffries is reported to be managing the offering of approximately 3.5 million shares, with the proceeds of the...
Not long after online education company Coursera posted a strong initial public offering for investors, its stock began trading at a very high level with a double-digit gain.
It opened last week on Wednesday at an impressive $39, which was around 18% higher than its initial offering price of $33....
If Apple wasn't powerful enough as it is, this should give the tech giant an extra boost. Speculation about a self-driving Apple car isn't just getting consumers excited—it also has investors planning full-scale stock upgrades.
UBS analyst David Vogt is one who is particularly optimistic about the stock potential this...