Bloomberg

Amazon.com, Inc (NASDAQ: AMZN)-backed Rivian Automotive Inc may go public as early as September, Bloomberg reported Tuesday. What Happened: The California-based automaker — also backed by Ford Motor Company (NYSE: F) — could achieve a valuation of nearly $50 billion or more, people...

Former hedge fund manager Michael Novogratz said Monday that Bitcoin (BTC) could more than double to $100,000 by the end of 2021 as more people are allowed to make purchases using the cryptocurrency, Bloomberg reported. What Happened: “You’re going to see every company in America do the...

Even as rumors swirl around Apple Inc (NASDAQ: AAPL) entering the growing electric vehicle market, an analyst at RBC Capital Markets is suggesting Cupertino has another, more lucrative opportunity. Crypto A Better Bet For Apple? Apple should be following in the footsteps of Tesla Inc...

Benzinga, a leading news and data provider, will be holding its annual Benzinga Global Fintech Awards, a day of dealmaking, networking, and recognition in the financial technology space, on November 11, 2021. The event will award Benzinga Listmakers, those top companies part of Benzinga’s...

Apple Inc (NASDAQ: AAPL) is no longer negotiating with Kia and its parent Hyundai Motor Company (NYSE: HYMTF), the latter two have confirmed, Bloomberg reported Sunday. What Happened: The Korean automakers have been in discussion with multiple companies about the development of autonomous...

Apple Inc (NASDAQ: AAPL) plans to invest $3.6 billion in Hyundai Motor Company (OTC: HYMTF) subsidiary Kia Motors as a part of a collaboration on electric vehicles, Bloomberg reported Tuesday — citing South Korean media. What Happened: The deal between the Tim Cook-led company and the Korean...

Tesla Inc's (NASDAQ: TSLA) European ambitions just got a shot in the arm, as the electric vehicle giant was included among companies eligible for receiving state aid. What Happened: In line with Europe's quest to increase the share of green energy vehicles, the European Commission has...

Must Asset Management, which held a 4.7% stake in GameStop Corp. (NYSE: GME) until April last year at least, is turning less bullish on the stock in light of the latest confounding rally. What Happened: Must Asset Management CEO Kim Doo-yong told Bloomberg on Monday that the South Korean hedge fund...

Wedbush analyst Michael Pachter has been one of the most prominent long-term bears on Netflix Inc.’s (NASDAQ: NFLX) stock, despite the streaming video-on-demand company’s stellar run over the last decade. While Pachter remains bearish on Netflix, he admitted in an interview with...

A supplements producer, The Bountiful Co., could go public this year, Bloomberg has reported. What Happened: The company, previously named Nature’s Bounty Co., is said to have had conversations with underwriters, and it would be looking at a $6 billion valuation, according to people...

Bloomberg reports that Johnson & Johnson (NYSE: JNJ) is on track to analyze data from its late-stage single-dose COVID-19 vaccine trial. Dr. Anthony Fauci said in his remarks at the White House that JNJ has enough data to begin analysis in a week or two. What Happened: In...

Twitter Inc (NYSE: TWTR) said that it had locked the account of China’s embassy in the United States over a tweet about Uighur women, CNBC reports. What Happened: The account in a tweet on Jan. 7 defended the Beijing government’s policies in the Xinjiang region and said...

Ethereum (ETH), the world’s second-largest cryptocurrency by market valuation, could soar to $10,500, according to Fundstrat Global Advisors strategist David Grider. What Happened: Grider sees Ethereum as “the best risk/reward investment play in crypto,” as reported by Bloomberg....

President-elect Joe Biden's aides say the president will sign more executive orders on Day One than any of his predecessors, followed by additional regulatory and policy changes over the coming weeks, Bloomberg reports. Senior members of the Biden’s policy team said in a press briefing...