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Sunday, February 23, 2020
Two of the largest technology companies in the U.S. had some of its most significant gains in the S&P 500 during the past year. In 2019, Microsoft and Apple grew 55 percent and 85 percent, respectively. Their growth represented gains larger than the next eight largest contributors...
According to a CNBC report, Charles Schwab is in negotiations to purchase TD Ameritrade. Should the two brokerages consolidate, the transaction would combine $5 trillion in assets. $3.8 trillion of those assets are Schwab, and $1.3 trillion are from Ameritrade. News of a deal could possibly happen...
Beginning next year in 2020, Google plans to offer checking accounts. If everything goes as planned, it will be a bold move for the tech giant, though Google has involved itself with credit cards and platform payments before. According to the Wall Street Journal,...
The T-Mobile and Sprint merger got the final green light from the Federal Communications Commission (FCC) this past week. The $26 billion acquisition by T-Mobile has faced challenges by consumer advocacy groups and state attorneys. Several states have moved to block the merger. Should...
Goldman Sachs, one of the largest investment banks in the world, has become a lead investor for venture-backed credit card start-up, Deserve. Goldman joins other investors like Sallie Mae, Aspect Ventures, Mission Holdings, Pelion Venture Partners, and Accel in offering credit cards to non-traditional candidates who might...
Google’s parent company, Alphabet, is reportedly acquiring Fitbit. Google is purchasing Fitbit for $7.35 per share in cash, or approximately $2.1 billion. Fitbit’s highest share price has previously been as high as $51.90 during August 2015. Some experts say that Google’s acquisition comes at a diluted cost....
WeWork’s dramatic reversal of fortune since its IPO plans fell through is rocking Wall Street this month. Since unveiling a $900 million loss over six months that caused investors to walk away, the company is strapped for cash. Without a bailout package, WeWork...
Paypal announced Friday that it would be leaving Libra Association in wake of an announcement to launch a digital currency on Facebook. Libra is an open-source community seeking to develop financial products that promote financial inclusion worldwide. They are the leading force behind the Facebook effort to...
To add to its growing list of partnerships, Delta has announced a $1.9 billion deal to acquire a 20 percent stake in LATAM Airlines Group. Delta currently has stakes in Grupo Aeromexico, Air France, China Eastern, Brazil’s Gol, Virgin Atlantic, and Korean Air Lines, among others.
The world’s second-largest airline carrier is partnering with Georgia Tech and the Curiosity Lab to further research in the autonomous vehicles industry. The Curiosity Lab is located in Peachtree Corners, Georgia and is a 1.5-mile smart city and mobility laboratory that uses 5G and...