PayPal stock closes down 24% on the worst-ever trading day
February 4, 2022: -On Wednesday, Shares of PayPal closed down 24%, a day after the company provided weak guidance …
Category: News
Chinese EV maker Xpeng delivers over 10,000 cars for the fifth month
Chinese electric carmakers Nio and Xpeng saw deliveries dip in January versus December but were still higher than a year ago.
Germany cancels a $5 billion chip deal with Taiwan
Germany will no longer buy Munich-headquartered rival Siltronic after policymakers in Germany failed to approve the deal in time.
Exxon is announcing cost-cutting restructure plans to move headquarters
Exxon Mobil disclosed a sweeping restructuring of its global operations that will combine its refining and chemicals
Elon Musk said this year he would rather make a robot than new cars
Tesla CEO Elon Musk said on the company’s fourth-quarter earnings call that a humanoid robot is the “most important product”
Venture capitalists are worried the good times might be coming to an end
After a blockbuster year for venture capital deals, some investors worry the boom times may not last much longer.
A major Chinese tech firm expands the use of its digital currency
Local services giant Meituan has expanded how China’s digital currency can be used on its platform to make purchases.
FTX U.S. valued at $8 billion as investors brace for crypto winter
FTX U.S., the American affiliate of cryptocurrency exchange FTX, said it is raising $400 million on Wednesday
Buy now, pay later firm Klarna launches a physical card in the U.K.
January 27, 2022: -Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical …
Fauci said that FDA could authorize Pfizer’s Covid vaccine for kids under 5
January 21, 2022: On Wednesday, White House chief medical advisor Dr. Anthony Fauci said the Food and Drug Administration …