Financial Times

SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY)-backed Greensill Capital has filed for administration being unable to repay a $140 million loan to Credit Suisse and hit by defaults from its key customer GFG Alliance, the Financial Times reports. What Happened: Greensill...

Top U.S. banks like JPMorgan Chase & Co (NYSE: JPM), Goldman Sachs Group Inc (NYSE: GS), and Morgan Stanley (NYSE: MS) will delist structured products listed on the Hong Kong stock exchange, according to a Financial Times publication on...

Snowflake Inc (NYSE: SNOW) could see fresh selling as the lock-up period ends on more than 37.9 million shares today, the company said in an SEC filing last week. What Happened: Snowflake’s strong stock performance since its September listing has seen the stock appreciate...

MGM Resorts International (NYSE: MGM) offered to acquire its BetMGM partner, Entain Plc (OTC: GMVHY), for consideration of £8.09 billion (roughly $11.06 billion), according to a Wall Street Journal publication. Entain has rejected the offer arguing that it...

Mass media company Discovery Communications Inc (NASDAQ: DISCA) is on track to take on Over-the-top (OTT) streaming platforms when it goes live on Monday, reports the New York Times. Discovery’s subscription video on demand (SVOD) services would cost $5 per month with...

Sony Corp (NYSE: SNE) has temporarily suspended "Cyberpunk 2077" from its PlayStation store following a flood of user complaints. The title was one of the most hotly-anticipated video games of the year, the Financial Times reports.  What Happened: The game,...

Tesla Inc (NASDAQ: TSLA) has not yet delivered branded shorts to customers who ordered them in summer, leaving some frustrated, the Financial Times reported. What Happened: In July, as Tesla’s capitalization surpassed Toyota Motor Corp’s (NYSE: TM), CEO Elon Musk ...

Investors may have found warning signs about Nikola Corporation (NASDAQ: NKLA) founder Trevor Milton if they had bothered to look, Financial Times reported today in one of its regular "Big Read" features. Due Diligence Gaps: The British newspaper dug into Milton's business history,...

Chinese stocks are looking tempting following some declines in the past two weeks, but traders could get an even lower buying opportunity in the weeks ahead. That's according to a Barron's article today.  More Pressure: The cancelled Ant Group IPO and a rotation in the stock market...

European Union is set to file formal antitrust charges against Amazon.com, Inc (NASDAQ: AMZN) on Tuesday, the Financial Times reports. What Happened: European competition commissioner Margrethe Vestager will announce charges against the e-tailer on Tuesday over how it uses...

After clashing with anti-trust authorities in the U.S. and the European Union, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) is now under a probe in India. The Competition Commission of India (CCI) has ordered a 60-day investigation into the search-engine giant's payment...

William Barr, the U.S. Attorney General appointed by President Donald Trump, authorized federal prosecutors to investigate "substantial allegations of voting and vote tabulation irregularities" in a memo issued to U.S. attorneys across the country on Monday. What Happened: ...

Swedish heavy vehicle manufacturer Volvo Group (OTC: VLVLY) could be one of the early birds to launch heavy-duty trucks entirely powered by batteries, Financial Times reports. With a range of 300kms, Volvo electric trucks will be open for pre-sales in 2021 and production kicking...