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There is more to the internet than just news and entertainment, it is a sea full of gigs and jobs that you can make money online and gain financial freedom. Most of these don’t require special skills, neither do they eat into much of your time or resources. They, however, still have a high likelihood…
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According to reports, Apple is contemplating a deal with South Korean automaker Hyundai-Kia to produce its autonomous electric car. Can Apple be the ultimate Tesla killer? Reports suggest that Apple is in the final stages of reaching an agreement with Hyundai-Kia to produce its electric cars at Kia’s Georgia manufacturing plant. Both Hyundai and Apple…
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GameStop (GME) stock gained 18% in regular trading on Monday and was up almost 19% in premarket trading today. The surge in GME stock has led to massive losses for short sellers that were betting against the company. GameStop stock has gained 1,677% over the last year and has more than quadrupled this year. It…
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Tesla stock was trading sharply higher in pre markets today after the S&P 500 announced that it would add the stock on 21 December in one single tranche. The stock gained 38% in November after the S&P 500 announced that would include the stock. Investors were expecting the stock to be added to the index…
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Companies completed $143bn of deals outside the US in the first half of this year. This is almost 60% of the world total, according to data compiled by Bloomberg. That’s on track for the highest full-year proportion in almost two decades and about half of this year’s non-US private equity activity came from Europe. As…
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US insurance startup Lemonade plans to raise up to $286m from investors by issuing shares through an initial public offering (IPO), taking advantage of positive momentum triggered by the pandemic. Lemonade, which relies on technology to collect premiums and pay for claims, plans to sell around 11 million shares in a range between $23 and…
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Dutch food delivery app Just Eat Takeaway has agreed to buy US rival Grubhub in a $7.3bn (£5.8bn) deal that creates the world’s biggest food delivery company outside China. The combination brings together a group with more than 70 million active customers who place close to 600 million orders a year. Ride-hailing firm Uber had…
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Takeaway food retailers have seen their sales skyrocket in the last few months as a result of lockdown measures which has prompted consumers to eat more pizza and other comfort food. The pandemic has benefitted pizza makers like Papa John’s, which reported a 33.5% jump in sales during May for a total of two consecutive…
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Over the last two weeks, six companies have filed for a US initial public offering (IPO) which is higher than the total number of filings in April. Fintech payments processor Shift4 Payments and online car dealer Vroom are among the companies that have filed for an IPO. Vroom is backed by Bill Gates’ Cascade investment…
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Lyft (NASDAQ: LYFT) stock price shot up almost 17% as the ride-hailing company dramatically narrowed losses from the year-ago quarter and revenues jumped at a double-digit rate despite the negative impact of coronavirus outbreak. First quarter year over year revenue growth of 23% to $956m topped the consensus estimate of $882m. However, the San Francisco-based…
