KEY POINTS Xiaomi launched the Mi Mix Fold, its first foldable phone on Monday, as it looks to challenge Samsung. The Mi Mix Fold contains the Surge C1, Xiaomi’s first in-house camera chipset. The Mi Mix Fold will start at 9,999 yuan ($1,521) and go up to 10,999 ($1,673). A special edition version of the …
KEY POINTS Reports suggest that several banks had communicated with one another on the Archegos squeeze. Some proceeded to unload their positions in the nick of time, while others were left holding the bag (CNBC)-The diverging fortunes of major banks in the fallout from the Archegos Capital Management meltdown raises serious questions for global regulators, …
As Wall Street reels, Archegos’ fire sale raises big questions about regulation قراءة المزيد »
KEY POINTS Federal Reserve Chairman Jerome Powell hinted at the future removal of monetary stimulus measures that have propped up the world’s largest economy through the pandemic, noting that congressional stimulus and the vaccine rollout has enabled a faster recovery than expected. The main focus for European markets on Thursday was be a virtual meeting …
European markets close slightly lower as Covid surge, Fed comments weigh on sentiment قراءة المزيد »
— CNBC’s Jesse Pound, Pippa Stevens and Tom Franck contributed reporting of Checking out the companies making headlines in midday trading. GameStop — Shares rose 31% in midday trading as the volatile video game retailer stock looked to snap a losing streak and curb steep losses from the prior session. GameStop, which reported fourth-quarter earnings …
Stocks making the biggest moves midday: GameStop, RH, Rite Aid, Nike & more قراءة المزيد »
KEY POINTS The Competition and Markets Authority launched the first phase of its investigation on Jan. 28. The CMA said that Giphy competed with Facebook outside the U.K. in digital advertising through paid partnerships with brands like Pepsi and Dunkin’ prior to the deal. It said that Giphy may have “less incentive” to expand its …
Facebook’s acquisition of Giphy raises competition concerns, U.K. watchdog says قراءة المزيد »
KEY POINTS HS Markit’s flash composite PMI for the euro zone, which looks at activity across both manufacturing and services, hit 52.5 in March versus 48.1 in February. The preliminary data points to the first economic expansion in the region since September and the largest increase since last July. But there are concerns about how …
Euro zone business activity grows for the first time in 6 months قراءة المزيد »
KEY POINTS Cryptocurrencies should face more regulation, according to the Bank for International Settlements’ Agustin Carstens. Tokens like bitcoin are being used as a “speculative vehicle” and aren’t a threat to central banks, Carstens says. His comments arrive as various central banks around the world are exploring their own digital currencies. (CNBC)/LONDON — Cryptocurrencies are …
KEY POINTS The automaker last month revealed that it had bought $1.5 billion worth of bitcoin. People outside the U.S. will be able to buy a Tesla with bitcoin “later this year.” In order to accept the payment, Elon Musk said Tesla is using “internal” and “open source software.” Tesla CEO Elon Musk announced late Tuesday …
Elon Musk says people can now buy a Tesla with bitcoin قراءة المزيد »
KEY POINTS GameStop missed on the top and bottom lines of its quarterly results, but e-commerce sales jumped 175% last quarter and accounted for more than a third of its sales in the period. The brick-and-mortar video game retailer named former Amazon and Google executive Jenna Owens as its new chief operating officer. GameStop also …
GameStop shares fall 33% on lack of transformation detail, possible share sale قراءة المزيد »
Check out the companies making headlines in midday trading. Microsoft — Shares of the tech giant jumped about 1.5% as the company reportedly looks to buy Discord, according to Bloomberg. The chat app popular with video gamers is reportedly for sale for around $10 billion, according to people cited in Bloomberg’s article. Boeing — The industrial giant saw …
Stocks making the biggest moves midday: Peloton, AstraZeneca, Boeing & more قراءة المزيد »
KEY POINTS Deliveroo’s IPO will value the company between £7.6 billion and £8.8 billion, which is higher than previous reports had suggested. The biggest individual winner will be Deliveroo CEO Will Shu. Overall, however, Amazon stands to gain the most from the IPO (CNBC)/LONDON — Deliveroo is planning to raise £1 billion ($1.38 billion) in …
(Reuters) – A federal jury in Texas said Apple Inc must pay about $308.5 million to Personalized Media Communications LLC (PMC) for infringing a patent associated with digital rights management. The jurors late on Friday directed Apple to pay a running royalty to PMC, which is generally based on the amount of sales of a …
U.S. jury tells Apple to pay $308.5 million for patent infringement قراءة المزيد »
