Investing

Google is one of the most valuable public companies in the world, after Amazon and Apple. As of January 16, 2020, Google’s parent company Alphabet Inc. (NASDAQ: GOOGL) became the fourth U.S. company ever to reach a $1 trillion market value. Unlike companies such as Apple’s reliance on more singular business lines like the iPhone

The executive widely seen as heir apparent at IBM has stepped down in a broad management shake-up, as the US computer maker’s board threw its backing behind current chief executive Arvind Krishna to complete an attempted overhaul. Jim Whitehurst, the former chief executive of Red Hat, had been put in pole position to take the

Virgin Galactic shares surged on Friday after the space tourism venture announced its next spaceflight test will carry founder Sir Richard Branson. The mission – with two pilots guiding spacecraft VSS Unity carrying Branson alongside three Virgin Galactic employees – plans to launch on July 11 from the company’s operations hub at Spaceport America in

BUY: Argentex (AGFX) A slight dip in revenues constitutes a creditable result given wider business disruption, writes Mark Robinson. Currencies broker Argentex recorded a 30 per cent drop in adjusted operating profits to £8.7m at its March year-end, with financial performance constrained by flat interest rates as the points (yield) on forwards was close to

Alphabet Inc. was originally founded as a search engine company in 1998 under the name Google Inc. Since then, Google has become the world’s most popular search engine, with an 87% share of the global search market. The company has diversified far beyond search engines in the past two decades. It reorganized in 2015 and

In this article AMC GME Michael Burry attends the “The Big Short” New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. Jim Spellman | WireImage | Getty Images “The Big Short” investor Michael Burry believes Reddit-favored meme stocks are set to crash like the dot-com and housing market bubbles of

China’s short-video company Kuaishou has formally cancelled its weekend overtime policy, while its competitor, TikTok’s parent ByteDance, is debating internally whether to do the same. The move by Kuaishou, which raised $5.4bn in a public listing earlier this year, comes as China’s tech sector grapples with employees’ complaints of overwork and mistreatment. In January, the

The greatest duet album about marital break-up is George Jones’s and Tammy Wynette’s Golden Ring. It was released in 1976, one year after the country stars had divorced each other in real life. Jones was a violent alcoholic who, according to Wynette, once threatened her with a loaded gun. But they reunited for Golden Ring, which, amid

The basic steps involved in revoking a revocable trust are fairly simple and include the transfer of assets and an official document of dissolution. A revocable trust is a flexible legal entity/financial structure that allows the individual who creates it, known as the grantor, to change, remove or alter the trust assets— or, in fact,

Trading information for GameStop is displayed on the Robinhood App as another screen displays the Robinhood logo in this photo illustration January 29, 2021. Brendan McDermid | Reuters The first time Robinhood restricted trading on its app, during the GameStop event in January, may not to be the last, the company said Thursday. In January,

Saudi Arabia and Russia are working towards a deal to cautiously release more barrels into the oil market, with prices having climbed to the highest level in almost three years, but officials have failed to agree on supply policy and delayed a decision until Friday. Opec and its partners outside of the cartel met virtually

Sir Richard Branson has vowed to beat Jeff Bezos to space, confirming plans to bring forward his first trip aboard a Virgin Galactic spaceship to July 11. After almost two decades of research and testing by the two men’s companies, Branson’s flight would beat his billionaire rival’s inaugural mission by just nine days. “I truly

Even the most enlightened citizen curses taxes at least once a year—possibly while simultaneously acknowledging that they’re the price of a civilized, developed society. Even knowing the value of that bargain, loathing the taxman is as inevitable as taxation itself. In the U.S., at the federal level, that unenviable duty falls on the Internal Revenue

The US Supreme Court has upheld two voting laws in Arizona that opponents said discriminated against racial minorities, in a major decision that may make it more difficult to bring challenges to voting restrictions being enacted in states across the US. The case, Brnovich v Democratic National Committee, centred on two voting provisions in Arizona.

Hedge fund manager Kyle Bass, a frequent critic of the Chinese Communist Party, on Thursday blasted American companies that speak up against social injustices in the U.S., but fail to take forceful positions around human rights abuses in China. “If U.S. national security was left up to corporate America, we’ll all be speaking Chinese very

The world’s leading economies, including China and India, have signed up to a historic plan to levy a global minimum corporate tax rate of at least 15 per cent on multinationals and also make them pay more tax where they do business. The agreement, signed by 130 countries following intense negotiations in Paris, will ensure

Intro to the Canadian Economy Canada’s economy is highly developed and one of the largest in the world. In 2019, the country’s annual gross domestic product (GDP) was $1.7 trillion in current USD, according to the latest available World Bank data. That made Canada the world’s tenth-largest economy. Canada’s economy is highly dependent on international

An aerial view of the company’s planned factory near Long Beach Airport in California. Relativity Space 3D-printing specialist Relativity Space is adding a second factory in Long Beach, California on the site of a former Boeing facility, where the company will move its headquarters and focus work on building fully reusable rockets. “This is really

Hedge fund Elliott Management has called on GlaxoSmithKline’s board to name new directors and launch a process to determine if chief executive Emma Walmsley is the right candidate to lead the UK drugmaker after a spin-off of its consumer division. The demands form part of a series of recommendations sent to GSK and released publicly

Primark’s sales have risen above pre-pandemic levels as lockdown restrictions lift and people rush to refill their wardrobes with clothes for social occasions. A focus on lockdown leisurewear had started to moderate, the retailer said, while there was a resurgence in “demand for fashion across womenswear and menswear”. Associated British Foods, the fast-fashion chain’s parent

If you were to craft the perfect investment, you would probably want its attributes to include high returns and low risk. The reality, of course, is that this kind of investment is next to impossible to find. Not surprisingly, people spend a lot of time developing methods and strategies that come close to the “perfect

In this article ZM 6694.T-JP Charlie Munger, vice chairman of Berkshire Hathaway, revealed he is fond of Zoom, saying the videoconferencing software will keep thriving even as life goes back to normal after the pandemic. “I have fallen in love with Zoom,” Munger said during an interview with Becky Quick on CNBC’s special “Buffett & Munger:

Bruce Pfund is technically correct in his assertion that “carbon-free” flight is far from being carbon-free (Letters, June 26), but he does a disservice to our goal of improving our carbon footprint. Rome was not built in a day and nor will we leap overnight from a dominant carbon economy to one that is perfectly

A revised count of New York City mayoral ballots published on Wednesday showed Kathryn Garcia even closer to frontrunner Eric Adams than a botched tally on Tuesday that thrust the race into chaos. The latest tabulation gave Adams, a retired police captain and Brooklyn borough president, 51.1 per cent of the vote, with Garcia, the

The investment community and financial media tend to obsess over interest rates and for a good reason. Interest rates refer to the cost someone pays for the use of someone else’s money. When the Federal Open Market Committee (FOMC), which consists of seven governors of the Federal Reserve Board and five Federal Reserve Bank presidents,

Robinhood will pay roughly $70 million in penalties for its systemwide outages and misleading communication and trading practices, the Financial Industry Regulatory Authority said Wednesday. The settlement regards the technical failures Robinhood experienced in March of 2020, Robinhood’s lack of due diligence before approving customers to place options trades and purveying misleading information to customers

Money is pouring into the US stock market at the fastest pace since 2015, even as valuations sit close to all-time highs and investors worry that higher inflation could push the US Federal Reserve to tighten monetary policy. Since February, US equity funds have experienced a net $189bn in flows, a “significant push,” said Cameron

At the time of writing Suge Knight, former CEO of hip-hop record label Death Row, is three years into a 28-year jail sentence for a lethal hit-and-run. Footage of the verdict saw the hulking Knight as heavy as ever but somehow smaller too — diminished. Cue British director Nick Broomfield with Last Man Standing, a

If you haven’t done so already, now is a good time to emergency-proof your finances. Doing so can help limit your overall disruption, lower your stress, and put you in a better position to ride out any emergency—whether it’s a family crisis, a hurricane, or a pandemic. Key Takeaways You never know when an emergency

Deutsche Bank will be unable to sponsor initial public offerings in Hong Kong from July after the German lender failed to replace two regulated staff on time, disrupting the company’s plans to relaunch its Asia equities business. The error means the IPO sponsor licence of Deutsche Securities Asia, the bank’s regional equity capital markets division,