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.
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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.
Goldman Sachs predicts a new high in oil demand in 2022, and again in 2023.
Damien Courvalin, the investment bank’s head of energy research, also said Friday that oil at $100 per barrel was a possibility.
LANSING, Mich. — General Motors has applied for a tax exemption for a proposed $2.5 billion battery plant in Lansing, Michigan.
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.
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.
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.
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 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 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.