Walmart poaches Goldman honchos to run financial arm Ribbit Capital

Walmart poaches Goldman honchos to run financial arm Ribbit Capital

By Anna Domanska - Mar 01, 2021

Walmart Inc. has lured two Goldman Sachs top executives to run its fintech startup floated in conjunction with Ribbit Ca...

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Texas Power Crisis led to over $1 billion loss for Vistra

Texas Power Crisis led to over $1 billion loss for Vistra

By Christy Gren - Mar 01, 2021

The winter storm that has devastated Texas, leading to power outages, water shortage, and heating troubles, will affect ...

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TIAA’s New Era: JPMorgan’s Thasunda Duckett named President and CEO

TIAA’s New Era: JPMorgan’s Thasunda Duckett named President and CEO

By Anna Domanska - Mar 01, 2021

Thasunda Brown Duckett has been active in pushing women’s causes in the financial world and was a sponsor of the bank&...

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Climate Pledges by Countries Way off Target Says UN Report

Climate Pledges by Countries Way off Target Says UN Report

By Anna Domanska - Feb 27, 2021

According to a UN climate action report, climate action plans of countries are “nowhere close” to the expect...

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Moderna forecasts $18.4 billion revenue for 2021

Moderna forecasts $18.4 billion revenue for 2021

By Anna Domanska - Feb 26, 2021

Moderna Inc., the Boston-based biotech startup, reported its fourth quarter and 2020 fiscal year results, where it annou...

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Hyundai Motor recalls 81,000 EVs for battery defect, may prove to be the costliest recall

Hyundai Motor recalls 81,000 EVs for battery defect, may prove to be the costliest recall

By Anna Domanska - Feb 26, 2021

Hyundai Motor says the vehicle recalls are expected to cost the company about 1 trillion won or an estimated $900 millio...

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Accor reports $2.5 billion loss, hopeful of a recovery by next year

Accor reports $2.5 billion loss, hopeful of a recovery by next year

By Anna Domanska - Feb 25, 2021

Accor, Europe’s largest hotel chain, reported a $2.5 billion net loss in 2020 due to the deterioration in the industry...

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Is the sun shining again on AMC stock?

Is the sun shining again on AMC stock?

By Anna Domanska - Feb 25, 2021

As the old adage goes, good things come to those who wait. This might come true for movie theatre operator AMC Entertain...

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HSBC turns to Asia for future growth

HSBC turns to Asia for future growth

By Anna Domanska - Feb 24, 2021

The bank’s maximum pre-tax benefits (90%) come from its Asian business. Chairman Mark Tucker and chief executive N...

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