Citigroup Inc. is shutting down most of its consumer banking operations in Asia, Europe and the Middle East, the latest sign that the original financial supermarket is rethinking how to do business. …
Read More »Cathie Wood Extends Her Hot Streak With ARK Space Exploration ETF
Cathie Wood’s New ARK Space Exploration & Innovation ETF ARKX -1.04% It is already on its way to being one of the most successful fund launches in history despite criticism that it …
Read More »From beer to flat-pack furniture, Suez Blockage offers a snapshot of global trade
The bottleneck created when the Ever Given container ship got stuck in the Suez Canal stranded shipments from auto parts and dairy to beer and luxury goods on their way to markets …
Read More »Toshiba Receives Settlement Proposal That Could Be Worth More Than $ 20 Billion
Japan’s Toshiba Corp. said on Wednesday it received an acquisition proposal from private equity firm CVC Capital Partners, in a deal that could be valued at more than $ 20 billion if …
Read More »Patreon’s valuation triples to $ 4 billion as the platform attracts creators and fans
Patreon Inc., an online platform that connects musicians and other creators with fans, was valued at $ 4 billion in its latest investment round, more than triple its value since September, as …
Read More »Coinbase earned more in the first quarter than in all of 2020
Coinbase Global Inc. profited handsomely from bitcoin’s first-quarter rally, generating more profit and revenue in the first three months of 2021 than in all of 2020. The company, which offers a variety …
Read More »The folks at Facebook, Apple, and Niantic Bet are ready for augmented reality glasses
Tech companies are accelerating the development of computerized glasses for consumers, in a competition between Facebook Inc., Apple Inc. and others that advocates say will usher in a new way for consumers …
Read More »Modern Covid-19 Vaccine Production Rate Will Increase at Contract Manufacturer Catalent
Contract drug maker Catalent Inc. is expanding its US production of Moderna Inc.’s Covid-19 vaccine, a development that could ensure the US has ample supply as vaccines ramp up. Catalent has reached …
Read More »Merchant groups target Amazon in new political campaign
WASHINGTON – Merchant groups are forming a national coalition to campaign for stricter antitrust laws, including measures that could force Amazon.com Inc. to spin off some of its business lines. The effort …
Read More »Yellen pushes for a global minimum tax rate for multinational corporations
WASHINGTON – Treasury Secretary Janet Yellen advocated for a global minimum corporate tax rate on Monday, seeking the international cooperation that is crucial to fund the administration’s $ 2.3 trillion infrastructure proposal. …
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