Michael Saylor made the headlines in the past two years as one of the biggest Bitcoin bulls out there. He was once again the talk of the financial world on Tuesday, but this time for a completely different reason. MicroStrategy, the company he founded in 1989, announced that Saylor...
Starbucks Corp. is looking to bow out of the United Kingdom, at least in terms of ownership. The world's most famous coffee chain reportedly hired advisors to test the interest in its company-owned operation in the UK.
Investment bank Houlihan Lokey is responsible for evaluating the potential buyers and interested...
Electric vehicle maker Rivian is jumping on the bandwagon of layoffs across the tech and car industries. According to Bloomberg, the company is plotting a restructure in upcoming weeks that will see at least 5% of its 14,000 employees being laid off. The decision comes after Rivian doubled the...
Netflix stock (NFLX) isn't the hottest commodity these days and it might be even less desirable after it received a downgrade from Goldman Sachs. In a recent note to clients, Goldman's analyst Eric Sheridan said that his team has various concerns related to NFLX while changing the stock's rating...
Tech giant Apple has lost its position as the most valuable company in the world. According to Refinitiv, a global financial market data, and infrastructure provider, Apple was surpassed by Saudi Aramco. The Saudi Arabian public petroleum and natural gas company is now worth $2.43 trillion, while Apple dropped...
The United States will make an unprecedented release of oil from the Strategic Petroleum Reserve in an attempt to stop the recent surging of gas prices across the nation. The move was announced by U.S. President Joe Biden on Thursday in a speech from the White House.
According to Biden,...
Technology conglomerate Alphabet, the parent company of Google and multiple former Google subsidiaries, released its quarterly earnings statement on Tuesday and revealed some big news in the process. Aside from reporting a 36 percent increase in profit in the last three months of 2021, the company also unveiled plans...
U.K.-based digital banking app Revolut has signaled its intention to enter the U.S. market by launching a commission-free stock trading platform for United States stocks, the company announced on Wednesday. This move will see the company compete with financial services companies such as Charles Schwab Corp. and fellow digital...
The S&P 500 closed at a record high on Monday, thereby kickstarting the launch of the anticipated year-end bull run known as the Santa Claus rally. This term refers to the projection whereby stocks are expected to climb higher during the final five trading days of the year.
While U.S....
After rallying to a four-month high on Wednesday, European stock markets fell yet again on Thursday morning as investors continue to express anxiety over the ongoing uncertainty surrounding the Omicron coronavirus variant.
Since first being detected in Southern Africa, the Omicron variant has spread to Europe and the U.K. While...