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Companies News - Liquidity Provider: Business & FinTech Media

News: Companies

In this section, we delve into the dynamic corporate world, bringing you the most recent updates from global companies. Our coverage spans a broad spectrum, encapsulating latest quarterly results, unveiling of new products, corporate amalgamations, and acquisitions. We also keep you informed on changes in analyst ratings, adjustments in price targets, submissions to regulatory bodies, and acquisition of new licenses, amidst a host of other significant business events.

Square Changes Name to Block in Nod to New Businesses

Square Changes Name to Block in Nod to New Businesses Square Inc. is rebranding as Block Inc., indicating a push outside the company's core sales and payment products into areas such as music, financial transfers, and blockchain technology.

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China to Close Loophole Used by Tech Firms for Foreign IPOs

China to Close Loophole Used by Tech Firms for Foreign IPOs China is planning to ban companies from going public on foreign stock markets through variable interest entities, according to people familiar with the matter, closing a loophole long used by the country’s technology industry to raise capital from overseas investors.

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Facebook Whistleblower To Testify In Hearing Targeting Big Tech's Legal Immunity

Facebook Whistleblower To Testify In Hearing Targeting Big Tech’s Legal Immunity Facebook (FB) whistleblower Frances Haugen is urging legislators once more to hold her former company accountable ahead of her hearing before the House Commerce Committee on Wednesday.

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European Markets Fall As Moderna Boss Says Vaccine Less Effective Against Omicron

European Markets Fall As Moderna Boss Says Vaccine Less Effective Against Omicron European stocks tumbled in negative territory on Tuesday, canceling small gains earlier in the week, as increased concerns over the Omicron coronavirus strain could undermine the economic recovery.

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Robotics Startup FJDynamics Raises $70M To Make Manual Labor Easier

Robotics Startup FJDynamics Raises $70M To Make Manual Labor Easier FJDynamics, created by DJI's former head scientist Wu Di, has secured a $70 million Series B financing to further its objective of empowering people in the hardest environments using robotic technology.

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Is PayPal Stock A Buy Right Now After Key Downgrade?

Is PayPal Stock A Buy Right Now After Key Downgrade? PayPal (PYPL) is the world's digital money-transfer platform. The rapidly growing corporation is still one of the loudest stocks on the stock market today. But, given the present stock market rise, is PayPal shares a good buy?

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Alibaba Stock Price Target Cut Again as More Analysts Smile on Rival JD.com

Alibaba Stock Price Target Cut Again as More Analysts Smile on Rival JD.com Following a year of regulatory pressure and, more recently, abysmal quarterly results, Alibaba stock has been facing a reevaluation by Wall Street. Discover

Tesla’s Musk Is Selling Stock Again. We Think We Know When It Will End

Tesla’s Musk Is Selling Stock Again. We Think We Know When It Will End Elon Musk, the CEO of Tesla, has resumed stock sales. All of the new deals, which were announced on Tuesday, took place on the same day.

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Nvidia Beats Earnings Expectations on Strong Gaming, Data Center Sales

Nvidia Easily Beats Earnings Expectations on Strong Gaming And Data Center Sales Nvidia (NVDA) released third-quarter earnings after the bell on Wednesday, exceeding analysts' expectations on both the top and bottom lines, with sales up 50% year over year.

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Amazon to Stop Accepting Visa Credit Cards

Amazon to Stop Accepting Visa Credit Cards Beginning next year, Amazon will no longer accept payments made using Visa credit cards issued in the United Kingdom. Due to the exorbitant costs Visa charges for processing credit card transactions, the e-commerce behemoth has informed certain customers that starting Jan. 19, it would no longer accept Visa credit cards issued in the United Kingdom.

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IBM CEO Says Inflation Fears Could Trigger 'Some Chaos'

IBM CEO Says Inflation Fears Could Trigger ‘Some Chaos’ Arvind Krishna, the CEO of IBM, told CNBC that he is "always concerned" about inflation and warned of potential disruption ahead. "With all of the liquidity and worries of inflation rising, it can produce some chaos," Krishna told CNBC on Monday when asked what keeps him awake at night.

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Foxconn Buys Lordstown Motors' Old GM Factory for $230 Million

Foxconn Buys Lordstown Motors’ Old GM Factory for $230 Million Foxconn, a Taiwanese electronics maker, announced on Wednesday that it’s pushing forward with a proposal to buy a Lordstown Motors vehicle assembly factory in Ohio for $230 million.

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Fintech Funding in Southeast Asia Triples to Record $3.5 B This Year

Fintech Funding in Southeast Asia Triples to Record $3.5 bln This Year Fintech financing in Southeast Asia increased by more than three times in the first nine months of this year compared to the same period in 2020, hitting a record $3.5 billion, according to a research released on Wednesday.

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Robinhood Reports Security Breach and User Data Leak

Popular Trading Platform Robinhood Reports Security Breach and User Data Leak Robinhood, a popular financial services firm and trading platform, said today that its database has been breached, resulting in the exposure of customer data. An "unauthorized third party" allegedly obtained access to the firm's clients' personal information earlier this month, according to the company.

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World’s Top Chipmakers Provide Data to U.S. as Deadline Arrives

World’s Top Chipmakers Provide Data to U.S. as Deadline Arrives Several chipmakers have already replied to a US request for supply chain information to aid in the resolution of the worldwide chip shortfall, with several of the world's major suppliers indicating they will not give sensitive data. Discover

Warren Buffett's Favourite EV Maker Reports Sales Triple

Warren Buffett’s Favourite EV Maker Reports Sales Triple China EV and battery giant BYD Co. (BYDDF) continued its rapid ramp-up, with October sales more than tripling vs. a year earlier. Earlier in the week, Xpeng (XPEV) reported deliveries tripled vs. a year earlier.

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