investing

Fox Will Sell Sky Stake to Comcast for USD 15 Billion

Fox Will Sell Sky Stake to Comcast for USD 15 Billion

Twenty-First Century Fox Inc. (NASDAQ: FOXA) announced on Wednesday it will sell the remainder of its stake in U.K. based broadcaster Sky after being beat out by Comcast Corp. (NASDAQ: CMCSA) in a takeover bid.Comcast and Fox have been involved in a..

U.S. Stocks Fall From Record High As Trade Tension Continues

U.S. Stocks Fall From Record High As Trade Tension Continues

U.S. Stocks fell on Thursday after a report said President Donald Trump is backing to impose new tariffs on USD 200 Billion Chinese goods.Major stock indexes ended a four-day wining streak Thursday. The Dow Jones Industrial Average fell 137 points. ..

Speaker Maker Sonos Closes at USD 19.91 with Valuation About USD 1.95 Billion after Thursday IPO

Speaker Maker Sonos Closes at USD 19.91 with Valuation About USD 1.95 Billion after Thursday IPO

Smart speaker company Sonos Inc (NASDAQ: SONO) stock jumped over 30% after its initial public offering (IPO) on Thursday. Shares opened at USD 16, 7% higher than its USD 15 starting selling price, and rose as high as USD 22 during early Friday tradi..

Blue Apron Shares Tumble on Revenue Miss

Blue Apron Shares Tumble on Revenue Miss

Blue Apron Inc. (NYSE: APRN) on Thursday announced second quarter revenue that missed analysts’ estimates, sending its shares down over 19%.The Meal-kit company said revenue decreased 25% to USD 179.6 Million in the second quarter of 2018 due ..

MGM Resorts to partner with GVC Holdings in US sports betting business

MGM Resorts to partner with GVC Holdings in US sports betting business

MGM Resorts International (NYSE: MGM) announced on Monday it would partner with Britain’s GVC Holdings PLC (LON:GVC) to create a sports betting and online gambling platform in the US.The announcement of the 50-50 joint venture skyrocketed shar..

Chinese E-Commerce Pinduoduo Raises $1.6B with U.S. IPO

Chinese E-Commerce Pinduoduo Raises $1.6B with U.S. IPO

Chinese commerce startup Pinduoduo Inc. (NASDAQ: PDD) priced its U.S. initial public offering at USD 19 per share, the high-end of the range, and raised USD 1.63 Billion to become the second largest U.S. float from a Chinese company this year. Pindu..

Boeing Company Shares Dropped After Second-Quarter Results

Boeing Company Shares Dropped After Second-Quarter Results

The Boeing Company (NYSE: BA) reported its second-quarter earnings and revenue on Wednesday. Shares of Boeing dropped 3.2% in premarket trade today.According to the company, revenue for the second quarter increased to $24.3 billion, which beat analy..