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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.

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.

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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. Discover
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Warren Buffett Says What you Should Buy Right Now

Warren Buffett Says This is The Best Type of Business to own When Inflation Spikes — in Other Words, What you Should Buy Right Now High inflation rates in the country have become a serious concern on Wall Street. But fortunately for everyday investors, Berkshire Hathaway chief Warren Buffett has plenty of experience in navigating such an environment.

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BlackRock Raises $673 mln for Climate-Focused Infrastructure Fund

BlackRock Raises $673 mln for Climate-Focused Infrastructure Fund According to Reuters, BlackRock Inc (BLK.N) has raised a target-beating $673 million for an infrastructure fund with backing from the French, German, and Japanese governments to invest in climate-focused initiatives in emerging nations, such as renewable energy.

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Elon Musk Keeps Fans Guessing by Tweeting Mysterious Chinese Poem

Elon Musk Keeps Fans Guessing by Tweeting Mysterious Chinese Poem Elon Musk is notorious for his cryptic tweets that set the internet on fire. He's now doing it in a different language. On Monday night, Tesla (TSLA) and SpaceX CEO Elon Musk tweeted an old Chinese poem.

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AMD Stock Could Be Hurt When Chip Shortage Ends, Says Analyst

AMD Stock Could Be Hurt When Chip Shortage Ends, Says Analyst Chip shortages will not last indefinitely, despite how difficult it may seem right now. Indeed, Northland Securities analyst Gus Richard said in a research note on Monday that slowing growth in semiconductor unit demand in 2022 will signal excess capacity in 2023.

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Alibaba-Backed Huitongda May Delay $1 Billion Hong Kong IPO

Alibaba-Backed Huitongda May Delay $1 Billion Hong Kong IPO According to insiders familiar with the situation, Huitongda Network Co., an e-commerce platform that targets rural China, is considering delaying its scheduled Hong Kong initial public offering until next year.

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Twitter CEO Jack Dorsey Warns Hyperinflation Will Soon Happen in the US and the World

Twitter CEO Jack Dorsey Warns Hyperinflation Will Soon Happen in the US and the World Jack Dorsey, the CEO of Twitter and Square, has warned that hyperinflation is on the way in the United States and across the world.

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Big Tech Companies Report Earnings: What to Know This Week

Big Tech Companies Report Earnings: What to Know This Week This week, investors will be focused on earnings results, with some of the S&P 500's most heavily weighted businesses set to release their quarterly reports. Discover
Barclays Third Quarter Profit Doubles Amid Global Merger Frenzy

Barclays Third Quarter Profit Doubles Amid Global Merger Frenzy Barclays exceeded market forecasts by tripling third-quarter earnings, as it joined Wall Street competitors in collecting bountiful investment banking fees from a spike in advising mandates and stocks trading.

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