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Overstock shares soar after investment in its blockchain unit tZero

Overstock shares soar after investment in its blockchain unit tZero

Overstock.com, Inc. (NASDAQ: OSTK) shares jumped as much as 21% in after-hours trading on Thursday after the e-commerce retailer announced that Hong Kong private-equity firm GSR Capital will invest up to USD 270 Million into Overstock's blockcha..

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung plans to spend USD 22 Billion in the next three years on developing artificial intelligence, 5G, automotive electronic parts and biopharmaceuticals. This comes as part of the earlier announced USD 160 Billion investment on research, developm..

Venture Capitalist Firm to Raise Next Largest European Fund

Venture Capitalist Firm to Raise Next Largest European Fund

Venture capitalist firm Lakestar is attempting to raise the next largest European fund for startup investments. Lakestar is targeting around USD 800 Million in investments, according to three people with knowledge of the matter. There’s no cer..

Apple is Close to Becoming the First $1 Trillion American Company

Apple is Close to Becoming the First $1 Trillion American Company

Apple Inc. (NASDAQ: AAPL) is on the brink of becoming the first American company to have a net worth of $1 trillion. Apple is presently worth about $945 billion and shares are up more than 13% this year, which is better than the overall market. For ..

Netflix's Market Cap Edges Past Disney

Netflix's Market Cap Edges Past Disney

Netflix, Inc. (NASDAQ: NFLX) has edged past Walt Disney Co (NYSE: DIS) early as it reaches an all-time high in market shares. Netflix's shares have reached an all-time high of 348.77 on Thursday with market cap at 160.7 billion while Disney'..

BP Invests $20 Million for 5-minute Fast Charging Batteries for Electric Cars

BP Invests $20 Million for 5-minute Fast Charging Batteries for Electric Cars

British Petroleum Company (NYSE: BP) has invested $20 million in an Israeli start-up company by the name of StoreDot that claims its batteries can charge electric cars in just five minutes.Additionally said on Tuesday, BP suggested its venture capit..

BlackRock Capital's Shares Increase After Beating on Q4 Results

BlackRock Capital's Shares Increase After Beating on Q4 Results

BlackRock Capital Investment Corporation (NASDAQ: BKCC) announced financial results for the fourth quarter of fiscal 2017 after the bell on Wednesday. Shares of the company increased 2.9% in premarket trading on Thursday.According to the compan..