Press "Enter" to skip to content

Posts published in “Business”

Some investors turn cautious on Big Tech as Fed hikes loom

Apple‘s rally to a $3 trillion market valuation earlier this week has re-focused investors’ attention on the mammoth growth stocks that accounted for a large chunk of the S&P 500’s gain in 2021, and whether they can continue pushing the index higher in the new year.

Global M&A activity smashes all-time records to top $5 trillion in 2021

Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that was set nearly 15 years ago, as an abundance of capital and sky-high valuations fuelled frenetic levels of dealmaking.

SSE and Equinor to proceed with $4 bln Dogger Bank C offshore wind farm

British utility SSE (SSE.L) and Norwegian energy company Equinor (EQNR.OL) have secured financing to proceed with the construction of the 3 billion pound ($3.98 billion) Dogger Bank C offshore wind farm in Britain, the companies said on Thursday.

Australian watchdog sues supermarket chain Coles over staff underpayments

Coles Group (COL.AX), Australia’s second-biggest grocery chain, is being sued by the country’s industrial relations watchdog for underpaying staff over three years, the parties said in separate announcements on Thursday.

U.S. retail stocks slide on Black Friday as new virus worries arise

Shares of United States department-store operators slid on Friday as the detection of a new coronavirus variant possibly resistant to existing vaccines compounded woes stemming from low in-store visits and thin holiday season inventories.

How Musk’s Tesla sales cause a stir, but billionaires sell stock all the time

If trading in the shares of Amazon, Microsoft, Facebook and other billionaire-owned companies is any indication, Tesla co-founder Elon Musk unloading part of his stake in the company may not be bad for the electric carmaker’s shares over the long term.

Tesla to open Canada battery gear factory in Markham, Ontario -mayor

Tesla Inc opened a factory to produce battery manufacturing equipment in the Canadian city of Markham, Ontario, the city said on Friday, as the electric carmaker ramps up the production of cheaper, higher-range 4680 battery cells.

Airbnb revenue surges as countries open up for vaccinated travelers

Airbnb Inc’s (ABNB.O) quarterly revenue topped Wall Street expectations and the short-term home rental company said on Thursday a rebound in global travel amid rising vaccination rates in the last three months of the year would drive growth in 2022.