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Tesla plans to raise $2.3 billion to finance new operations
Going against the idea of the “Spartan Diet” instituted by Elon Musk, Tesla will raise $2.3 billion through new shares and bonds in order to finance key new operations. In particular, the company plans...
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Amazon opens another cashier-less store in the US
Amazon is in the top 5 biggest companies in the world by market capitalization. The company is constantly innovating and expanding its range of services. Its latest endeavor is called Amazon Go. Amazon...
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Uber’s IPO on Friday could put the company’s valuation at $91,5 billion
Uber, a ride-hailing application with over 110 million users in 173 countries, will have an IPO on Friday. The company has set the price range for its shares at $44 to $50. This would put Uber’s...
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Chevron won’t acquire Anadarko Petroleum for $33 billion
Chevron was planning to acquire Anadarko Petroleum, a hydrocarbon exploration company that is ranked 257th on the Fortune 500 for $33 billion. With the acquisition, it would also take control of...
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Bitcoin price gains 12% in a week, hits $6,400
More good news for cryptocurrency enthusiasts. After a precipitous drop in the price of most cryptocurrencies on the market last year, many had given up on these digital assets expecting the prices to...
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WhatsApp was used to inject spyware on users’ phones
Facebook might be facing another scandal soon as WhatsApp, a messaging application owned by the company, was used to inject Israeli spyware on to phones. WhatsApp is one of the most popular messaging...
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JP Morgan, Citigroup and Barclays fined for rigging the Forex market
Thursday was not a good day for the big banks. European Union fined Barclays, Citigroup, JP Morgan and a few of the other banks a total of $1.2 billion for rigging the Forex market. This is not the...
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Fiat Chrysler and Renault in talks of a merger
Fiat Chrysler and Renault have been discussing merger for the last few weeks. According to some reports, the talks have entered an advanced stage in recent days, which means we could be hearing about...
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Revolut introduces a commission-free trading platform
Stock trading for a long time has been an activity reserved for those who could afford to invest large sums of money all at once. However, with the FinTech revolution and the emergence of...
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Amazon to purchase a 26% stake in India’s Reliance Industries
Amazon is planning to buy a share in Reliance Industries Ltd’s retail unit. The company will purchase a 26% stake in Reliance, which is the largest brick-and-mortar retailer in India. While it’s still...
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US-China trade deal might not happen until next year
According to Trump, we shouldn’t expect a trade agreement between the United States and China before the US elections planned for November 2020 are through. Due to the fact that many expected the...
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Japan approves a $122 billion stimulus package
Japan is about to inject $122 billion into the economy through the newly-approved fiscal package. The stimulus was mainly triggered by the slowing growth and the potential loss of economic activity...
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Chime, a bank without any branches, achieves a valuation of $5.8 billion
Digital banks are gradually gaining footing and attracting a loyal base of customers. There are a few that have achieved a valuation in billions and are taking business away from the traditional banks....
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Wells Fargo fined $3 billion for illegal practices and fraud Affecting Millions
One of the U.S’s largest banks, Wells Fargo, will be paying $3 billion in fines due to the government’s investigations into its fraudulent activities that spanned over 15 years. The fraudulent...
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