Tag Archives: set

Bloomberg As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away (Bloomberg) — British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they… Source link

Bloomberg TikTok Founder’s $60 Billion Fortune Places Him Among The World’s Richest People (Bloomberg) — Just last year, the world’s most valuable startup, ByteDance Ltd., was being squeezed from all sides.The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. Beijing was cracking down on tech businesses, and India blacklisted some of its social-media apps.For all the obstacles, ByteDance kept growing. Now its… Source link

By Echo Wang    NEW YORK, April 13 (Reuters) – Nasdaq on Tuesday set a reference price of $250 per share for Coinbase Global Inc , projecting a value for the largest U.S. cryptocurrency exchange at $49.19 billion ahead of its landmark stock market debut on Wednesday.    The reference price is not an offering price for investors to purchase shares, but rather a benchmark for performance when the stock starts trading the exchange on Wednesday.    Coinbase shares are set to start trading… Source link

Google intends to set up a data center in Israel for its cloud computing services, which may entail an outlay of hundreds of millions of dollars, Haaretz reported. Google could establish its data center in the nation as a regional hub, which would match plans from firms such as Oracle, Microsoft and Amazon, Haaretz said. The potential investment would leverage a planned… Source link

(Bloomberg) — Global traders are bracing for what’s shaping up to be one of the most anticipated opens for U.S. equities in months following an extraordinary $20 billion wave of block trades Friday that rattled investors worldwide. Archegos Capital Management LLC — the family office of Bill Hwang — was behind the sales, dumping shares of Chinese tech giants and U.S. media conglomerates, according to two people directly familiar with the trades. While some of the stocks targeted in the… Source link

Stock futures dipped on Monday, following a session in which the broader market notched new record highs, as traders looked ahead to retail sales data on Tuesday and a Federal Reserve policy meeting later this week. During Monday’s regular session, Wall Street rallied in choppy, directionless trading, as investors struggled to balance economic optimism against steadily rising Treasury yields. The Dow Jones Industrial Average rose by over 100 points and the S&P 500 Index also inched to a new… Source link

TipRanks Billionaire David Tepper Bets Big on These 2 “Strong Buy” Dividend Stocks Anyone trying to keep track of where the markets might be heading, could be forgiven for displaying signs of dizziness. The markets are being violently pulled in opposite directions lately, making it difficult to form a coherent investing strategy. It is in time like this that some expert advice might provide a clearer picture. Hardly any on the Street come more highly regarded than billionaire David Tepper…. Source link

Bloomberg Hertz to Sell to Knighthead, Certares to Exit Bankruptcy (Bloomberg) — Hertz Global Holdings Inc. received a bid from Knighthead Capital Management and Certares Management to purchase the rental-car company out of bankruptcy for as much as $4.2 billion, according to court documents.Under the plan, Knighthead and Certares would take control of Hertz when it emerges from its Chapter 11 reorganization, with the final value of the deal dependent on how much existing lenders participate… Source link

Topline Tech CEOs Mark Zuckerberg, Sundar Pichai and Jack Dorsey will soon have to answer to lawmakers about the rise of misinformation on their platforms and how they plan to address it, as the House Energy and Commerce Committee announced Thursday a hearing with the Facebook, Google and Twitter leaders will take place on March 25. Facebook CEO Mark Zuckerberg speaks during a House hearing on July 29, 2020. (Photo by Mandel … [+] Ngan-Pool/Getty Images) … Source link

Google Pay is a mobile payment app that allows you to pay for items online or through contactless payment. You can also exchange money with other people, track personal spending, add virtual credit cards, and manage your money.  While Google designed the app to be the default payment system on Android phones, iPhone owners can make use of the service as well, albeit without the tap-to-pay functionality they get from Apple Pay. Let’s look at how to use Google Pay with an Android phone and… Source link