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Market News

Alibaba deepens investment in SEA by acquiring Pakistan’s e-commerce firm Daraz

Amazon’s (AMZN) top rival Alibaba (BABA) is aggressively expanding its influence in Southeast Asia. This time, the master of e-commerce…

Comcast gets in the way of Fox and Disney

Here comes a new twist in the whole Comcast-Sky-Fox-Disney tussle. Comcast (CMCSA) is said to be in discussions with investment…

Uber’s flying car one step closer to take-off

Complementing a prediction by its CEO earlier this year, ride-sharing company Uber unveiled the prototype of its flying car Tuesday,…

Intercontinental Exchange may soon have a bitcoin trading platform

Intercontinental Exchange (ICE) is building a platform where one can trade bitcoins, according to multiple media reports. ICE ventured into…

ValueAct bets on Citi’s rebound; raises stake to $2.1 billion

This month, Wall Street witnessed some major equity transactions involving activist investors, who either hiked or trimmed their stake in…

Microchip Technology shares rally after upbeat quarterly results

Arizona-based chip maker Microchip Technology (MCHP) inched 1.88% during the pre-market trading after the company reported an upbeat result during…

Market: Stocks to open lower ahead of Trump’s decision on N-deal

US futures are pointing to a lower open today after ending higher on Monday, as investors are cautious ahead of…

Mondelez goes premium with Tate’s buyout

Mondelez (MDLZ) announced on Sunday that it has decided to buy New York-based Tate’s Bake Shop for $500 million. With…

Valeant revenue slips even as it grapples to revive its brand

Valeant Pharmaceuticals (VRX) reported total revenues of $1.99 billion for the first quarter of 2018, a decrease of 5% from…

Snap CFO Drew Vollero to step down; to be replaced by Amazon’s Tim Stone

Social media firm Snap (SNAP) Monday said its Chief Financial Officer Drew Vollero will be leaving the company on May…