Bloomberg

Cyberpunk 2077 publisher, CD Projekt SA, is planning to defend itself “vigorously” against claims raised in a class-action lawsuit, Bloomberg has reported. What Happened: Andrew Trampe, an investor, filed a lawsuit in a federal court in Los Angeles on Thursday,...

Jack Dorsey's fintech payments company Square Inc (NYSE: SQ) is in talks to acquire Jay-Z's streaming music platform Tidal, a source told Bloomberg. What Happened: Jay-Z bought Tidal in early 2015 for $56 million and met with Dorsey to discuss a sale of his streaming music company,...

Some of the best performing ETFs in 2020 have been the Ark Funds, actively managed ETFs led by Cathie Wood. A long-time Tesla Inc (NASDAQ: TSLA) and technology stock bull, Wood is now betting heavily on genomic stocks. Wood On Genomics: Genomic stocks are expected to drive strong returns for the...

Morgan Stanley analyst Adam Jonas says Apple Inc (NASDAQ: AAPL) reportedly venturing into electric vehicles creates a new “bear case” for Tesla Inc (NASDAQ: TSLA). The Tesla Analyst: Jonas gave Tesla a Buy-equivalent rating in a note Tuesday and assigned a price target of $540 for the...

The Past Week, In A Nutshell What Happened: Despite a volatile week, U.S. index futures managed to establish new all-time highs. Remember This: “In the longer term, the good news is that vaccines are now rolling out increasingly quickly,” said Brad McMillan, chief investment officer at...

One of the most awaited big-ticket superhero films of the year, "Wonder Woman 1984" has generated a subdued $38.5 million in global box-office in the opening weekend, Bloomberg reports. It is worth noting that the "Wonder Woman" 2017 movie had grossed more than $822...

The U.S. Congress members reached a bipartisan agreement on the $900 billion COVID-19 relief package on Sunday, which included much-needed relief aid for the airlines, after elongated negotiations. What Happened: The latest tranche of the relief package includes $15 billion in aid...

Electric vehicle maker Nikola Corporation (NASDAQ: NKLA) is exploring a cheaper source of power supply through an agreement with utility company Arizona Public Service Co, Bloomberg reports. What Happened: If the agreement falls in place, Nikola plans to produce cheap...

Battery packs used in electric vehicles are becoming cheaper and for the first time are nearing competitive parity in terms of cost with gasoline-powered vehicles, according to a survey conducted by Bloomberg. What Happened: The average price per kilowatt-hour (kWh) for a lithium-ion battery pack...

Netflix Inc (NASDAQ: NFLX) is aiming to boost its presence in Africa with the appointment of Zimbabwean billionaire Strive Masiyiwa to its board. What Happened: Masiyiwa has become the first African to join Netflix’s board. The company also has two European directors. The newly-appointed...

Bitcoin (BTC) traded above the $22,000 level at press time after having crossed the crucial psychological $20,000 mark in the preceding 24-hour period. What Happened: Wednesday’s surge in the apex cryptocurrency led the Grayscale Bitcoin Trust (OTC: GBTC) to close 10.91% higher at $25.81....

Amazon Inc’s (NASDAQ: AMZN) cloud division AWS has not given up on the fight to reclaim the $10 billion defense deal from Microsoft Corporation (NASDAQ: MSFT), Reuters reports. Microsoft received a contract for the $10 billion Joint Enterprise Defense...

Millions of doses of Pfizer Inc (NYSE: PFE) and BioNTech SE’s  (NASDAQ: BNTX) COVID-19 vaccine will be administered in China alongside home-made options, Bloomberg reported Tuesday. What Happened: Local pharmaceutical firm Shanghai Fosun Pharmaceutical (Group) Co, Ltd (OTC: SFOSF)...