Bloomberg

AT&T Inc (NYSE: T) will launch HBO Max in Latin America on June 29 at a significant discount compared to the U.S, Bloomberg reports. The Latin American monthly subscriptions will start from $3 compared to $15 in the U.S. It will also launch a $10 monthly subscription plan, including...

Amidst a growing narrative for more energy-efficient blockchain networks, Chia Network Inc has raised $61 million in its latest round of funding from investors such as Andreessen Horowitz and Richmond Global Ventures. What Happened: According to a report from Bloomberg, the latest investment...

Microsoft Corp (NASDAQ: MSFT), Accenture PLC (NYSE: ACN), and Goldman Sachs Group Inc (NYSE: GS) have collaborated with nonprofit firms like the Linux Foundation and climate groups for lower emission data center software, Bloomberg reports. The Green Software...

The owner of several retail brands and a licensing business could hit the public markets with a $10 billion IPO being explored for 2021. What Happened: Authentic Brands is the owner of Aeropostale, Brooks Brothers, Juicy Couture, Forever 21, Barneys New York, Airwalk, Frederick’s of...

Nigerian data services firm, MainOne Cable Co, will ramp up the data storage capacity from the current 714 to 900 racks next year and add another 300 racks by 2023 to tap the budding market in Ghana and Nigeria, Bloomberg reports. The ramp-up will help to fulfill the government mandate...

Korean chipmaker SK Hynix Inc (OTC: HXSCL) has won the European Commission approval for acquiring Intel Corp’s (NASDAQ: INTC) Nand storage unit, Bloomberg reports. Last October, SK Hynix inked an agreement to acquire Intel NAND memory and storage business,...

JPMorgan Chase & Co (NYSE: JPM) launched Morgan Health on Thursday, an initiative focusing on improving the quality, efficiency and equity of employer-sponsored health care. Morgan Health will be led by Dan Mendelson, who will report to Peter Scher, vice chairman of JPMorgan...

Bitcoins 30% nosedive on Wednesday took most of the crypto space by surprise, but the market’s strongest supporters appeared resilient. What Happened: Wednesday’s crypto selloff and market-wide fear led to panic-ridden investors selling the entirety of their digital asset holdings....

Deutsche Telekom AG (OTC: DTEGF) is targeting majority ownership in T-Mobile US Inc (NASDAQ: TMUS) by acquiring SoftBank Group Corp’s (OTC: SFTBF) (OTC: SFTBY) 8% stake in the wireless carrier at a deal valued at $12 billion, Bloomberg reports....

Cathie Wood, founder, chief investment officer and CEO of Ark Invest, appeared on "The Bloomberg Businessweek" Wednesday for an interview.  Inflation Concerns: Wood told Bloomberg she thinks all assets are in a "risk-off period." The innovation sector of the...

SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY) is planning to raise $3.7 billion (405 billion yen) from a second yen-denominated bond offering in 2021 after its quarterly earnings beat, Bloomberg reports. The offering proceeds will be utilized for debt refinancing. The notes are...

The People’s Bank of China issued a statement on Tuesday cautioning against the use of cryptocurrencies as a means of payment. What Happened:  Despite the fact that Chinese officials were merely reiterating their previous stance on trading virtual currencies, the news seemed to deepen...

Huawei Technologies Co has appointed its consumer electronics business leader Richard Yu as the CEO of its smart car solutions unit, Bloomberg reports. Yu was already the car component director. Yu departed as the CEO of Huawei’s cloud group, a position assumed in April. However,...

Alibaba Group Holding Ltd (NYSE: BABA)-backed Chinese e-commerce platform, Huitongda Network Co, is seeking to raise almost $1 billion from a Hong Kong initial public offering (IPO) by as early as the second half of 2021 to tap the pandemic induced e-commerce boom, Bloomberg reports...

Office-rental company WeWork Chair Marcelo Claure acknowledged demand had bounced back to higher than pre-pandemic levels, Bloomberg reports. Claure is also the COO of SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF), which is WeWork’s biggest investor. WeWork sales...