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 »GameStop to sell shares after social media-fueled trading frenzy
GameStop Corp. said it could raise hundreds of millions of dollars from the sale of shares in the coming months as the video game retailer turns to public markets to help support …
Read More »Some Democrats agree with Biden’s plan to increase the corporate tax rate
WASHINGTON – President Biden’s proposed tax increases on corporations as part of a $ 2.3 trillion infrastructure plan has sparked a skeptical reaction from some Democrats, who instead favor borrowing money to …
Read More »Media startups Axios and Athletic discuss the merger, looking at the SPAC deal
Sports media outlet Athletic is in merger talks with news startup Axios, according to people familiar with the matter, as part of a plan to build a larger online publishing company that …
Read More »Loyalty plans to launch Bitcoin ETFs
Fidelity Investments unveiled plans on Wednesday to launch an exchange-traded fund that tracks the price of bitcoin, fueling the money manager’s push to bring cryptocurrencies into mainstream finance. The ETF, called the …
Read More »Pfizer does it just to expand the vaccine business beyond the Covid-19 pandemic
Pfizer Inc. aims to expand its vaccine business by becoming a leader in the new gene-based technology behind its successful Covid-19 injections. Pfizer will develop new vaccines using the technology, called mRNA, …
Read More »Royal Caribbean plans to resume cruises from the Bahamas
Text size A Royal Caribbean cruise ship moored at a dock in the Port of Miami. Daniel Slim / AFP via Getty Images Royal Caribbean Group, which has closed most of its …
Read More »Google to invest $ 7 billion in a bet on the post-pandemic office
Google says it is doubling the office. The alphabet Inc. GOOG -1.40% The unit said it would spend $ 7 billion this year to expand its office and data center footprint in …
Read More »Nokia to cut up to 10,000 jobs to offset 5G investment
Nokia Corp. NOK -0.23% It plans to cut 5,000 to 10,000 jobs over the next two years, a move that it said would make it more competitive in the 5G equipment market …
Read More »Short sellers raise the stakes against SPACs
Short sellers come for the SPACs. Investors betting against stocks are targeting special-purpose takeovers, one of the fastest-growing areas on Wall Street. The dollar value of the bearish bets against SPAC shares …
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