Upstart Holdings marked an outstanding performance after its market debut in December 2020, leading the best tech stocks this year. The Consumer lending company initially stands with a market capitalization of $1.50 billion. Then, it significantly edged up to $12.00 billion a year later. Accordingly, it operates through an AI lending platform that uses machine …
Upstart and Other Top-Performing Tech Stocks of 2021 Read More »
This year is undeniably stellar for Apple Inc. The company is now only a few steps away from closing its third trillion, all thanks to its strong performance all across the board. To name a few, its iPhones are selling fast like pancakes while its subscription department is keeping up with the market leaders. Now, …
On Thursday, Intel Inc. ignited criticism across Chinese social media following its statement on Xinjiang. Correspondingly, the American chipmaker told its suppliers not to obtain products or labor from Northwest China’s Xinjiang Uygur Autonomous Region. Then, Intel explained that the announcement is amid the restrictions imposed by multiple governments. In line with this, analysts noted …
Intel Sparks China Outrage after Xinjiang Statement Read More »
Microsoft Corporation earned the unconditional antitrust approval of the European Commission for its $16.00 billion acquisition of Nuance Communications. Accordingly, the board noted that the announced consent of the agreement would not open competition worries in the European economic area. They concluded that the acquisition would not significantly decrease rivalry in transcription software, cloud, and …
Microsoft Gains EU Approval of its $16B Nuance Acquisition Read More »
Oracle Corporation will mark its biggest acquisition as it snags electronic medical records business Cerner in an all-cash $28.00 billion agreement. This massive move reflects the efforts of the computer software firm towards the healthcare vertical. This industry is a relevant growing market with a $3.80 trillion value in the United States alone. Accordingly, the …
Oracle Acquires Health Cloud Company Cerner in a $25B Deal Read More »
On Monday, SenseTime relaunched its $767.00 million initial public offering in Hong Kong, which offered the same number of share sales, excluding American investors. According to regulatory filings, the artificial intelligence company kept its target of selling 1.50 billion shares for between $0.49 and $0.51 each. Correspondingly, the announcement of the final price will be …
SenseTime Reopens Hong Kong IPO as it Excludes US Investors Read More »
On late Thursday, the United States imposed investment and export restrictions on the drone maker DJI Technology Co. and other Chinese firms. The blacklist includes HMN International, Jiangsu Hengtong Marine Cable Systems, and Jiangsu Hengtong OpticElectric. Additionally, it restrains Shanghai Aoshi Control, and Zhongtian Technology Submarine Cable. The American Treasury Department accused the companies of …
DJI and other Chinese Firms Faces US Investment Blacklist Read More »
On Thursday, Apple Inc. announced that it would delay the return of its workers to the office indefinitely. In line with this, the iPhone maker provided $1,000.00 to all of its employees to buy their equipment for their home offices. Accordingly, this move came along with the surge of coronavirus cases. At the same time, …
Apple Inc. Delays Employee Return to Office Indefinitely Read More »
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