JPMorgan plans to acquire the British-based online wealth management firm Nutmeg. Neither party confirmed an amount agreed upon for the deal. But Nutmeg has more than £3.5 billion of assets under its management, making it one of the largest robo-advisement firms in the U.K. In U.S. dollars, Nutmeg’s assets...
The Water Resources Control Board of California has asked Nestle to cease its unauthorized diversions of spring water in San Bernadino’s forest due to the findings of a probe, which showed numerous violations contributing to depleting the resources there. The move comes as California...
A Warren Buffet-backed Chinese automaker, BYD, announced this week that its battery-powered passenger vehicles' sales reached 16,301 in March. That’s more than double the number of rival automakers, Nio and Xpeng’s March deliveries. Xpeng had 5,102 deliveries while Nio delivered 7,257 cars last month.
Pfizer just announced that its COVID-19 vaccine is 100 percent effective in preventing the virus in adolescents aged 12 through 15. The pharmaceutical company’s CEO, Albert Bourla, says they will be submitting the new data on the vaccine to the FDA “as soon as possible.” If all...
Shares of ViacomCBS have fallen by more than 30 percent over the past few days. On Wednesday, the entertainment company’s stock closed 23 percent lower as analysts from Bank of America weighed concerns that Viacom may not have the ability to execute streaming. Doubts were also cast...
JPMorgan is investing in California startup, Zanbato.  Some investors are more familiar with the fintech platform as ZX, and since its launching in 2016, Zanbato has grown to have over 100 brokers and bankers as some of its members.  Even though Morgan is the largest U.S. bank...
Eavor Technologies, a Canadian geothermal startup, announced a $40 million funding round this week, and big oil is getting onboard. Chevron’s Technology Ventures and BP Ventures are some of the startup's backers as oil corporations increase their renewable energy space investments. Eavor said it...
Apple is said to be getting closer to a deal with Hyundai-Kia to produce the so-called Apple Car. The automobile would have the Apple branding, and it would be a fully autonomous electric vehicle. According to unnamed sources, a Kia manufacturing plant in Georgia would assemble the...
A new online checkout startup based in San Francisco has announced a $102 Series B funding round. The company, Fast, launched its checkout feature a few months ago, and on Tuesday, announced its funding round. Stripe, a San Francisco-based software and financial services firm, led the venture....
Individual investors poured into AMC and Bed, Bath, and Beyond stocks on Monday. The excitement has created a problem for hedge fund investors who are betting against retail, which saw shares fall last year amid the coronavirus pandemic. Bed, Bath, and Beyond shares...