Business

[ad_1] © Reuters. By Geoffrey Smith Investing.com – Rising Covid-19 cases trigger wave of risk sentiment across the world, plunging England’s ‘Freedom Day’ into chaos and pushing prices below $ 70 The President Joe Biden accuses Facebook (NASDAQ 🙂 of killing people with a disinformation vaccine, and Zoom Video buys Five9 (NASDAQ 🙂 for $ … Read more

[ad_1] Find out which companies are making the headlines before the bell: AutoNation (AN) – The auto retailer reported quarterly profit of $ 4.83 per share, well above the consensus estimate of $ 2.81. Revenue was also above consensus, with comparable new car sales up 42% from a year ago and used car sales up … Read more

[ad_1] Malaysian cops seized and destroyed 1,069 bitcoin mining rigs by crushing them with a steamroller – after miners reportedly siphoned off nearly $ 2 million worth of electricity to power the energy-hungry machines. The machines, estimated at around $ 1.25 million, were seized in a joint operation by Miri Town Police and the utility … Read more

[ad_1] Warren Buffett doesn’t always beat the market. But he didn’t turn out to be one of the richest people in the world, and didn’t earn the nickname “Oracle of Omaha” by being a loser too often. Investors don’t have to rack their brains with dismay at how Buffett makes his money. His action selections … Read more

[ad_1] Hedge fund billionaire William Ackman is abandoning plans to use his SPAC to invest in Universal Music Group, saying the Securities and Exchange Commission is not convinced the deal meets the rules for such vehicles. Mr Ackman said his investment firm, Pershing Square Holdings Ltd., would instead take a stake in Universal and become … Read more

[ad_1] This is a developing story. Check back for updates. Robinhood is looking for a market valuation of up to $ 35 billion in its next public offering, according to a modified SEC filing. The brokerage firm will look to sell in a range of $ 38 to $ 42 per share, according to the … Read more

[ad_1] Temasek and Falcon Edge Capital led a $ 220 million investment in Indian omnichannel eyewear retailer Lenskart, valuing the Bangalore-based startup at $ 2.5 billion. The new investment, which includes primary and secondary transactions, is part of a new Lenskart cycle unveiled a month ago when it raised $ 95 million from global investment … Read more

[ad_1] U.S. equity futures, oil prices and government bond yields have fallen, as the spread of the Delta coronavirus variant dampens the global economy. Futures for the S&P 500 fell 0.8%, signaling opening losses for the broad gauge after ending a three-week winning streak on Friday. Contracts for the Dow Jones Industrial Average fell 1%. … Read more

[ad_1] A Tokyo court has sentenced the American father and son accused of helping former Nissan chairman Carlos Ghosn to escape to Lebanon while awaiting trial in Japan. Michael Taylor was sentenced to two years in prison on Monday, while his son Peter was sentenced to one year and eight months. They were accused of … Read more