JPMorgan Chase is actively seeking a European base away from London and a team of 75 bank officials have considered as many as eight cities, sources said. They have been evaluating multiple aspects from local […]
BlackRock will increase reliance on computer models in picking stocks as part of a restructuring of its actively managed equities business. The move is in response to outflow related to poor performance. Source: WSJ (28/03/2017) […]
Elon Musk has helped to launch a new company called Neuralink and may play a “significant” leadership role in the venture, according to The Wall Street Journal. Neuralink is pursuing the opportunities with using brain […]
Jack Dorsey will do “whatever it takes” to make sure Twitter (NYSE:TWTR) and Square (NYSE:SQ) do well. Amid calls for the tech founder to focus on one over the other. “I’m going to make sure […]
Despite corporate woes and political turmoil, South Korea’s GDP grew more than expected in Q4, expanding 0.5% from the previous quarter and 2.4% year-on-year. Meanwhile, North Korea has carried out another test of a rocket […]
Souq.com has been bought by Amazon (NASDAQ:AMZN) for an undisclosed amount. It is a day after a counteroffer of $800M from Dubai’s Emaar Malls became public. “Amazon and Souq.com (Private:SOUQ) share the same DNA. We’re […]
The Trump administration’s target corporate-tax rate has nudged up since before the election. When then-candidate Donald Trump pledged to cut the rate to 15% from 35%. After a failed attempt to repeal the Affordable Care […]
Barclays initiates coverage of Amazon with an Overweight rating and $1,120 price target, suggesting 30% upside. The 12-month bull case PT of $1,344 is close to 60% upside. Amazon, says the team, is likely to be one of […]
UK Prime Minister Theresa May has signed a letter that officially notifies the EU of Britain’s withdrawal. The letter will be hand-delivered to European Council President Donald Tusk today and signal the start of negotiations […]
Twitter Inc is considering whether to build a premium version of its popular Tweetdeck interface aimed at professionals, the company said on Thursday, raising the possibility that it could collect subscription fees from some users […]
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