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Thursday, December 3, 2020
On Wednesday, the world’s original cryptocurrency saw trading at its highest level since December 15, 2017. Bitcoin traded at $18,172 on Wednesday morning, or 8.6 percent higher. It’s inching closer to its all-time high of $19,783.06, which was reached on December 17, 2017. There have only been...
Deutsche Bank reported the findings of a survey that showed that more than 50 percent of workers who worked remotely from once stay-at-home orders were in place want to continue working at home. A research report from the bank illustrated that a 5 percent tax rate on...
On Monday, Airbnb released its prospectus to go public. The company plans to trade on the Nasdaq using the symbol “ABNB.” Airbnb is the platform that gives users an opportunity to book rentals and travel experiences. Last quarter, the company had a net income...
Equity markets around the globe rose to an all-time high this past week. According to Torsten Slok, an Apollo Global Management Chief Economist, the total stock market cap hit $95 trillion only through past Wednesday. The latest climb was likely triggered by news that BioNTech and Pfizer...
The country's top food delivery app is the latest in the gig economy to file for its initial public offering (IPO) prospectus. The San Francisco-based DoorDash filed for its IPO with the Securities and Exchange Commission on Friday. The company symbol will be listed as DASH.
Japanese holding company, Softbank, has announced that it’s raised $250 million for urban transport scooter firm Tier during a funding round that was led by the company’s second Vision Fund. Investors in Softbank’s Vision Fund have been venture capital firm Northzone, UAE investment firm Mubadala, and Russian-founded...
Now that Ant Group’s record IPO has been suspended, Alibaba shares have been tumbling. According to stock exchanges in Shanghai and Hong Kong. Jack Ma, Controller of Ant Group, Erick Jing, Ant Group's Executive Chairman, and Simon Hu, CEO of Ant Group, found themselves summoned by Chinese...
Stocks that profited after the coronavirus pandemic shuttered doors to businesses have now seen a decline since positive vaccine news has made its way through airwaves. Zoom, Netflix, and Amazon all saw shares fall at 17.4 percent, 8.6 percent, and 5.1 percent, respectively, on Monday. Teledoc Health,...
One of the biggest questions everyone has about the coronavirus may finally have an answer. The question is how long is someone protected against re-infection of COVID-19 once they’ve been infected the first time? The answer, according to one study, could be for at least six months.
The talk of the week is the Presidential election, and nearly everyone is concerned about the outcome. But, you wouldn’t know it by looking at the Dow, which for the second straight day is on a high. On Monday, stocks were higher on the first trading day...