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Alibaba Stock Impacted by Black Swan Coronavirus Event
Alibaba Group reported better than expected earnings and revenue in the third quarter ending December. Despite this, its stocks were down on the bourses …
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SoftBank to rescue cash-strapped WeWork with $8 billion bailout deal
WeWork, a unicorn once valued at $47 billion, is now worth as little as $7.5 billion as SoftBank takes control of the cash-strapped startup. …
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ING’s chief economist predicts central bank digital currency in next few years
The global cryptocurrency market is projected to grow by US $452.2 million, largely driven by growing awareness among Asian investors coupled with the availability …
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Wells Fargo names Charles Scharf new CEO
Wells Fargo & Co on Friday announced Charles Scharf, the CEO of Bank of New York Mellon, as its successor. The bank’s interim CEO …
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All the Apple Card cash back rewards and a major flaw
Apple unveiled the Apple Card credit card during its “show time” launch spree that featured many new Apple products, including the long awaited Apple …
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JP Morgan is the New Kid on the Blockchain
JP Morgan Chase on Thursday announced its ambitious plan to enter the blockchain business. The largest of America’s Big Four banks unveiled a digital …
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JPMorgan plans to open a new fintech campus in Silicon Valley
US largest bank JPMorgan Chase on Friday said it was building a new “fintech campus” in Palo Alto, California, as part of its efforts …
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Tiger Global pours $1 billion into SoftBank
U.S. hedge fund Tiger Global Management has invested over $1 billion in Japan’s SoftBank Group, Bloomberg reports. SoftBank shares increased the most it has …
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Blackstone Bids $2.38 billion for Investa
For the last few weeks, Industry Leaders Magazine has found itself running a Blackstone acquisition deal almost every week. Earlier this month, the US …
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Barclays Explores Merger with Standard Chartered to Thwart Activist Investor
Barclays Plc is reportedly exploring a potential merger with rivals, including Standard Chartered. No formal or information bid was made, the Financial Times reported …
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Barclays CEO Jes Staley fined $870000 over whistleblower probe
Barclays CEO Jes Staley has been fined a total of 642,430 pounds ($870,428.41) by British regulators for attempting to identify the identity of an …
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JP Morgan Chief: Brexit Could Lead to 4,000 Job Cuts
JP Morgan’s chief executive officer, Jamie Dimon has warned that a cut of over 4,000 jobs in the UK would be inevitable after Brexit …
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SoftBank to be Uber’s lifeboat by investing $10 billion
The past year has been full of downs for Uber Technologies Inc. due to a number of factors in the administration as well as …
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Disney supposedly in talks to buy 21st Century Fox Studios
Everyone has that sudden realization in life when he says to himself that he has really grown up. This phenomenon mainly takes place if …
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SoftBank Uber deal might rescue the ride-hailing giant
Uber Technologies Inc. has been shuffling between all the troubles it is facing for a while now. The most recent one is the cancellation …
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European Commission dragging Ireland to court for Apple tax bill
Taxes can be a tricky affair, especially for big companies. These companies strike a deal with any given country to use their infrastructure with …
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London Economy Going Down the Slide Post Brexit
When the country of UK decided to become independent from the European Union, there was a lot of hue and cry around this decision. …
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New Twitter CFO Aims to Take the Numbers Higher
Irrespective of the services or products a company provides, it is all about the numbers. Monetary gains are the unit of measurement for any …
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Funding Circle on an All-time High, Appoints New CFO
Remember the talk you had with your father when you were moving out wherein he warned you to be very careful about whom you …
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Viking Global Investors Returning $8 Billion to Investors as CIO Steps Down
For the past few years, people across the globe have been cribbing about the financial setbacks they are facing due to the recession. Right …
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SoftBank Backs Up a Brazilian Ride-hailing App with $100 Million
With the problem of consistent traffic and rising levels of pollution, using public transportation instead of private vehicles is a preferable option these days. …
