Bloomberg

JPMorgan analysts see Bitcoin (BTC) continuing on its rally above the $40,000 mark, if the Grayscale Bitcoin Trust (OTC: GBTC) continues to sustain inflow above the $100 million mark every day in the coming weeks. What Happened: If the institutional investors fail to take Bitcoin past the breakout...

Bloomberg this weekend reported on the boom that is taking shape in the commodities markets. What Happened: Investors are moving from the bull market in stocks to areas further afield in search of returns in a very-low interest rate environment. "Commodities haven’t been this sexy since...

Shares of BlackBerry Ltd (NYSE: BB) were trading higher Friday after the Canadian company confirmed that it settled a legal spat with Facebook, Inc. (NASDAQ: FB). What Happened: BlackBerry confirmed in a statement to Bloomberg it settled a dispute with the social media giant related to patent...

The outgoing President Donald Trump’s administration continues to add pressure on China even as its term nears an end. In the latest move, U.S. has added China’s leading smartphone maker Xiaomi Corp (OTC: XIACF) and its third-biggest driller CNOOC Ltd (NYSE: CEO) to...

Lidar has been one of the hottest sectors in the SPAC market over the last year, with several startups choosing this route to go public. What Happened: AEye is in talks to go public with CF Finance Acquisition III (NASDAQ: CFAC), according to Bloomberg. The company is backed by Continental AG,...

The outgoing President Donald Trump's administration continues to put pressure on China as it nears the end of its term. Trump issued an amended executive order that clarifies the ban on investment in companies tied to the Chinese military, Bloomberg reports. What Happened: The...

Online lender Affirm Holdings Inc. (NASDAQ: AFRM) has raised roughly $1.2 billion by pricing its initial public offering (IPO) at $49 per share, above the expected range of $41 to $44, the company announced Tuesday.  What Happened: Affirm is a fintech company providing...

Talkspace, an online therapy provider, in in talks to go public via a special purpose acquistion company.  What Happened: The online therapy app, which is promoted by Michael Phelps and Demi Lovato, is in talks to go public via the SPAC Hudson Executive Investment Corp (NASDAQ:...

In its latest filing with the Securities and Exchange Commission on Monday, mortgage lending company LoanDepot Inc disclosed its plans to go public with a listing on the New York Stock Exchange under the symbol LDI. What Happened: The recently filed preliminary prospectus does...

SoftBank Group Corp’s (OTC: SFTBY) Vision Fund has disposed of $2 billion worth of Uber Technologies Inc (NYSE: UBER) common stock shares last week, as reported earlier by Bloomberg. What Happened: The technology sector investment firm sold off 38 million shares in the ride-...

Discovery Communications Inc. (NASDAQ: DISCA) has been working on a streaming video platform for five years with the objective of transforming the media company from a "cable and free-to-air company to a global IP company," Discovery CEO David Zaslav said during a Bloomberg interview....

House Speaker Nancy Pelosi said Democratic leaders on Monday would request unanimous consent in the House urging Vice President Mike Pence to invoke the 25th Amendment to the Constitution “to declare the President incapable of executing the duties of his office,” Bloomberg reports...

Faraday & Future Inc. is considering going public through a merger with special purpose acquisition company Property Solutions Acquisition Corp. (NASDAQ: PSAC). What Happened: EV startup Faraday Future is looking into a deal with the blank check company, Bloomberg has...

Despite the turmoil in Capitol Hill, the markets kept going up. While this may seem irrational, markets are forward-looking and are betting on "Reflation trade." What Is Reflation Trade: Reflation is an economic concept of price growth, stimulated by fiscal or monetary...

Taiwan Semiconductor Manufacturing Company Limited’s (NYSE: TSM) revenues for the fourth quarter of 2020 could be close to NT$361.5 billion (roughly $12.92 billion), claims Bloomberg based on the December sales report. What Happened: Bloomberg’s sales estimates...