$8.1B IPO readied by Postal Savings Bank of China
In what could be the world’s biggest initial public offering this year, Postal Savings Bank of China is getting ready to sell up to $8.1 billion worth of shares in Hong Kong, according to terms […]
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Fed expected to leave rates unchanged
Few investors expect the Federal Reserve to change interest rates at a meeting next week, after hearing the views of four Fed governors. Lael Brainard, the last to speak publicly ahead of the meeting, triggered […]
Is Apple Giving up on the Self-Driving Car?
There hasn’t been a whole lot of light shed on Apple’s (NASDAQ:AAPL) self-driving car technology. Will the company be like Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) and develop the self-driving car software and look to license it with […]
Longer tweets are coming Sept. 19
Beginning September 19th, Twitter (NYSE:TWTR) will cut down on exactly which types of content count toward the platform’s 140-character limit, The Verge reports, putting a firm date on when the shift will occur. Media attachments […]
Household incomes in US make record gains
Median household incomes in the US surged 5.2% in 2015, the sharpest one-year increase since records were first kept in 1967, the Census Bureau said. In percentage terms, the biggest gains went to the families […]
JP Morgan assumes top spot in bank market cap
JP Morgan Chase overtook Wells Fargo on Tuesday, becoming the largest US bank by market capitalization for the first time since March 14, 2013. JP Morgan’s market cap was $240.31 billion, compared with Wells Fargo’s […]
Sanofi and Alphabet’s life sciences firm Verily are investing $500M in a diabetes JV
Sanofi and Alphabet’s life sciences firm Verily are investing about $500M in a diabetes joint venture combining devices with services, an example of growing ties between the pharma and tech sectors. “The company will leverage […]
Starbucks plans to increase its global tea business to $3B over the next 5 years
Starbucks plans to increase its global tea business to $3B over the next five years as it starts selling its Teavana line in more than 6,200 stores across the Asia Pacific region following its entry […]
$14B wiped off Samsung’s market capitalization after the firm urged to stop using Galaxy Note 7s
More than $14B was wiped off Samsung’s (OTC:SSNLF) market capitalization after the firm urged consumers worldwide to immediately stop using their Galaxy Note 7s and exchange them as soon as possible. U.S. authorities told users […]