Bloomberg

Thrasio, a start-up company that rolls up Amazon.com, Inc. (NASDAQ: AMZN) marketplace brands, is in talks to go public through a merger with the blank check company Churchill Capital V Corp (NYSE: CCV), Bloomberg reported, citing people with knowledge of the...

What Happened: Ken Moelis, billionaire investor and head of global investment bank Moelis & Co (NYSE: MC) said he had been watching the cryptocurrency space carefully. When asked whether he was considering a move into the space in an interview with Bloomberg, Moelis said, “Maybe...

The Biden government influenced the United Arab Emirates (UAE) to replace Huawei Technologies Co from its telecommunications network, further jeopardizing UAE's purchase of $23 billion in Lockheed Martin Corp's (NYSE: LMT) F-35 jets and drones, Bloomberg reports. What...

Intel Corp (NASDAQ: INTC) offered to acquire semiconductor designer start-up SiFive Inc for over $2 billion, Bloomberg reports. SiFive received acquisition offers from multiple parties apart from Intel, including offers for preferable investment routes. SiFive was last valued at $500...

Apple Inc. (NASDAQ: AAPL) has hired Ulrich Kranz, a former executive of Bayerische Motoren Werke Aktiengesellschaft or BMW (OTC: BMWYY), to help lead the work on its own electric car project, Bloomberg reported Thursday, citing people familiar with the matter. What Happened: Kranz was hired by...

China-based brokerage Webull is considering filing an IPO in the U.S. that could raise about $300 to $400 million for the online brokerage company, Bloomberg reported Wednesday, citing people familiar with the matter. The company is working with Goldman Sachs to prepare for this filing,...

Over 66,000 people attended the annual E3 video game showcase global event in 2019, but it was canceled in 2020 due to the pandemic. The event will be available virtually in 2021 from June 12-15, Bloomberg reports. What Games Would Companies Showcase?: Ubisoft Entertainment (OTC: ...

Amazon.com Inc’s (NASDAQ: AMZN) May advertising rates surged 55% year-on-year to $1.16 per click, insinuating the sustainability of the e-commerce retailer’s rising profitability during the upcoming summer sale Prime Day holiday shopping season, Bloomberg reported. Amazon...

Former Tesla Inc (NASDAQ: TSLA) executive founded Swedish battery maker, Northvolt AB, has raised $2.75 billion in its biggest funding round to expand its operations and cater to the increasing European demand for green energy cells, Bloomberg reported. Swedish pension funds AP1,...

A SPAC from two billionaires targeting the Southeast Asia market could announce a deal soon, according to a new Bloomberg report. What Happened: TPG Capital and KKR & Co Inc (NYSE: KKR) backed PropertyGuru Pte is nearing a deal to go public with the Bridgetown 2 Holdings Ltd (NASDAQ: BTNB...

The government is now questioning Holmes's lawyers why their legal draft didn't address the mental health defense they've been appealing to earlier. What Happened: In Elizabeth Holmes' trial, for her fraudulent business practices at the blood-testing startup...

Large Bitcoin (CRYPTO: BTC) traders and investors — so-called whales — bought the coin after it crashed following some of the latest of Elon Musk's tweets, and analysts suggested the Tesla (NASDAQ: TSLA) CEO influence might be fading. What Happened: ...

Electric vehicle (EV) infrastructure company ChargePoint Holdings Inc (NYSE: CHPT) CEO Pasquale Romano expects multiple businesses that maintain fleets of pickups to switch to electrics in the next few years over its cost-effectiveness, Bloomberg reports. Romano also expects the...

Nissan Motor Co Ltd (OTC: NSANF) has postponed its flagship Ariya electric vehicle (EV) launch due to the pandemic resurgence and the ongoing global semiconductor chip crisis, Bloomberg reports. The Ariya SUV was showcased in July and was scheduled for sale in mid-2021. Nissan is banking...