Elite investors driving stock boom and raking in big money
Easy access to trading platforms has made retail investing more popular among the common man and led to a boom. Robinhood and Coinbase are two of the most visible beneficiaries of
Johnson & Johnson recalls sunscreen products due to benzene traces
Johnson & Johnson (J&J) announced Wednesday it is recalling five of its sunscreen products after some samples were found to contain low levels of Benzene, a chemical that c
Intel in early talks to acquire chipmaker GlobalFoundries for $30 billion
GlobalFoundries came into spotlight last year when semiconductor industry leaders were trying to solve the ongoing chip shortage. The U.S.-based chipmaker offered something that no
Wall Street banks see economic boom in Q2 2021
“Banks will be tested,” cautioned a McKinsey report from March 2020. The economic fallout of the Covid-19 pandemic has toppled the global balance. Times are changing now. Ame
EU rolls out ambitious plans to end carbon-emissions by 2050
The European Union has come out with plans to make the region carbon- free with a set of regulations that will restrict fossil fuel usage and imports of the same. The European Co
Corona variants and inequitable vaccine distribution worrying, say G20 nations
The rise in new variants of the Coronavirus and poor access to vaccines in developing countries will derail the recovery of economies across the world, warn the finance ministers o
Volkswagen warns chip shortage to reduce output in 2021
Volkswagen predicts €11bn half year profit, but warns chip shortage will affect full-year sales.
Wells Fargo forgoes revolving credit facility
Wells Fargo has decided to end its revolving credit facility for customers and will shut down the existing ones too in the coming weeks. “Wells Fargo recently reviewed its produc
Philip Morris takes over Vectura pharma for $1.5 billion
Philip Morris International (PMI), the multinational cigarette and tobacco manufacturing giant, is set to buy British pharmaceutical company Vectura for £1 billion ($1.5billion).
