November 24, 2021 10:37 am
General Motors Company (GM) said earlier this week it had acquired a 25% stake in Pure Watercraft, while valuing the electric boat startup company at $600 million. The US auto maker is offering $150 million in a combination of cash and payment-in-kind, which includes access to GM’s components and assistance with manufacturing, in exchange for […]
Read moreNovember 23, 2021 9:35 am
Astra Space Inc (ASTR) has successfully completed its first commercial orbital launch for the United States Space Force from its Pacific Spaceport Complex in Kodiak, Alaska, on November 19th, it said. Astra’s launch system successfully demonstrated the orbital placement of a test payload to an inclination of 86.0 degrees at an altitude of 500 km. […]
Read moreNovember 22, 2021 9:19 am
CleanSpark Inc (CLSK), a sustainable bitcoin mining and energy technology company, said last week that it had purchased additional 2,597 units of the Antminer S19 bitcoin mining machines. Machine delivery is scheduled to be immediate and adds to the 2,711 rigs already bought and scheduled for delivery later in November. At present, the company operates more than […]
Read moreNovember 18, 2021 10:27 pm
Macy’s Inc’s (M) fiscal third-quarter results, reported on Thursday, outstripped Wall Street estimates, while the retailer revised up its full-year sales and earnings forecasts. The company’s net sales surged 36.3% year-on-year to $5.44 billion in the fiscal third quarter, while exceeding a consensus of analyst estimates of $5.2 billion. The group’s adjusted earnings for the […]
Read moreNovember 18, 2021 8:34 am
CURO Group Holdings Corp (CURO), a tech-enabled, omni-channel consumer finance company providing services to non-prime and prime consumers in the United States and Canada, said on Wednesday that it had entered into a definitive agreement to acquire Heights Finance from private equity firm Milestone Partners for a total consideration of $360 million – $335 million […]
Read moreNovember 17, 2021 10:31 am
UK’s Intermediate Capital Group (ICG) reported on Tuesday a 28% increase in third-party assets under management (AUM) to $65.3 billion for the six months ended September 30th, as accelerated vaccine rollouts and relaxation of COVID-19-related restrictions fueled investor sentiment. ICG, which manages assets in private debt, credit and equity, mostly in closed-end funds, also said […]
Read moreNovember 17, 2021 8:41 am
Berlin-headquartered e-scooter operator TIER Mobility said earlier this week it had acquired bike-sharing firm Nextbike in an attempt to form the largest provider of shared lightweight vehicles in Europe. The deal, whose financial details were not disclosed, will combine rentable bicycles, e-bicycles, e-scooters, e-mopeds and cargo bikes in a single network. According to the two […]
Read moreNovember 15, 2021 8:42 am
According to a report by German paper Automobilwoche over the weekend, citing Volvo Car AB’s (VOLCARb) CFO Bjorn Annwall, the auto maker intends to establish a third factory in Europe by the middle of the decade in an attempt to meet its production objective of 1.2 million vehicles per year. At present, Volvo operates two […]
Read moreNovember 12, 2021 8:34 am
Berkshire Grey Inc (BGRY), a leading provider of AI-enabled robotic solutions that automate supply chain processes, said on Thursday that it had recently secured new orders worth $36 million. That value includes $25 million in repeat orders from a blue-chip anchor customer and $11 million in orders from new clients, it said. The new orders […]
Read moreNovember 12, 2021 8:08 am
The US indices finished the session on Thursday sideways, with persisting confusion on the rising consumer and producer prices. The blue chips recovered a major downfall on Wednesday, as fears arose on the sooner than expected rising of the base interest rate and larger-scaled than expected tapering of the USD150B monthly QE by the Fed. […]
Read more