January 1, 2021
“Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million. This represents about 1% of Square’s total assets as of the end of the second quarter of 2020… The price of the digital currency has risen to around $10,724 from $7,100… Continue Reading…
October 8, 2020
“JPMorgan is cautious on the airline industry and reducing its forecasts on the basis of conservative demand. The Airline Analyst: Jamie Baker upgraded JetBlue Airways (NASDAQ: JBLU) from Underweight to Overweight with a $17 price target. Baker upgrades United Airlines (NASDAQ: UAL) from Neutral to Overweight and raised… Continue Reading…
October 7, 2020
“Lowe’s said Wednesday it will give $100 million more in bonuses to hourly employees, as strong demand for home improvement continues. It marks the sixth time the home improvement retailer has given additional pay to workers at its stores… With the… Continue Reading…
October 5, 2020
“Bristol-Myers Squibb said on Monday it would buy MyoKardia for about $13 billion to bolster its portfolio of heart disease treatments, as it seeks to reduce some of its dependence on cancer drugs. The deal follows Bristol-Myers’ $74 billion acquisition of Celgene last… Continue Reading…
September 28, 2020
” Cleveland-Cliffs Inc. will buy the U.S. operations of ArcelorMittal SA for $1.4 billion in cash and shares to become the biggest flat-rolled steel producer in North America. Ohio-based Cleveland-Cliffs expects its second major deal in less than a year to… Continue Reading…
September 27, 2020
“Here’s a list of companies that have laid off employees or permanently cut jobs… and plan to return more cash to shareholders: Accenture: The consulting firm said in late August it would lay off about 25,000 global employees, or about 5%… Continue Reading…
September 25, 2020
“What Happened: Exxon Mobil Corporation’s (NYSE: XOM) dividend yield is sitting above 10% as of Thursday. The company paid out a dividend of 87 cents in September. Based on the ex-dividend date of Aug. 12, the annual dividend rate was 7.9%. The dividend… Continue Reading…
September 24, 2020
“Mat Ishbia, a former college basketball player who’s now the chief executive officer of United Wholesale Mortgage, is set to become a billionaire after the lender his father founded said it would go public in a deal that values the… Continue Reading…
September 21, 2020
“Microsoft announced Monday that it will buy ZeniMax Media, the company that owns well-known video game publisher Bethesda, for $7.5 billion in cash. It’s one of the most notable video game acquisitions in Microsoft’s history. The company bought Mojang, the studio behind Minecraft, for… Continue Reading…
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September 28, 2020
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