Ford sees surprise Q2 profit despite chip shortage and manufacturing hassles
“The business is ‘spring loaded’ for a rebound when semiconductor supplies stabilize and more closely match demand.”
Royal Dutch Shell buyback lifts investor sentiment
Royal Dutch Shell commences share buybacks before the end of this year while reducing its first quarter dividend to 16 cents per share, a 66% cut.
Bill Ackman's Pershing Square Spac drops plans to acquire 10% of Universal Music Group
Ackman’s maiden effort takes a turn by dropping the acquisition of 10% of the stakes in Universal Music Group. The deal is planned to lead on with the Pershing Square hedge fund.
Germany’s economic rebound slowed by global chip shortage; challenges at bay
The Association of German Automobile Manufacturers (VDA) cut its growth forecast for 2021 car sales to 3% from 8%, citing a global chip shortage affecting assembly production. The
The Best Performing Sectors of 2021
Stock markets shattered a year ago as the impact of the Covid-19 pandemic on economies around the globe created havoc. To stop the spread of coronavirus, governments gave stay-at-h
IMF says the world needs to commit $50 billion to combat the pandemic
The International Monetary Fund, IMF, says that the world would need $50 billion to fight the pandemic. It proposes that the commitments from the various countries and agencies can
M&As to leverage AI and deep learning post-Covid
In a post-COVID-19 world, the role of Mergers and Acquisitions (M&A) will be redefined. Companies striving to defend their existing markets and accelerate recovery are looking
Small business groups form coalition to lobby for strong antitrust laws
Small merchant groups are coming together to rally for strong antitrust laws to prevent big conglomerates like Amazon from swallowing up the smaller traders and businesses. Trade g
Luxury car sales witness a boom during Corona times as bored rich and famous splurge
The automobile industry witnessed a downturn during the Pandemic, with most of the world in a lockdown and people avoiding big purchases. But one segment of the sector seems to hav
