Wednesday, January 27, 2021
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) has launched a new company that will expand the security sector in the Kingdom. Driving more job opportunities to transform the economy of the kingdom, the National Security Services Co....
Uber’s logistics arms, Uber Freight, gained a $500-million investment from Greenbriar Equity Group after it had sold its shares in the wake of the COVID-19 pandemic. The ride-hailing and transport services giant announced its multi-million investment last Friday, October...
In the past year, in which economic decline became an overarching theme, billionaires Jeff Bezos and Elon Musk were able to break profit world records, said Entrepreneur. Both showed an incredible increase in wealth during the pandemic. Amazon founder and...
A study by the Union Bank of Switzerland (UBS) and PricewaterhouseCoopers (PwC) revealed that the total wealth owned by the world’s billionaires has spiked from $8 trillion in April to $10.2 trillion in July, reported CNBC. According to the study,...
Tesla co-founder and billionaire Elon Musk once again takes over the top spot as the richest person in the world. The news comes as Tesla stocks regain footing on Tuesday, January 12, 2021. Prior to this, Musk’s net worth...
In a joint statement on Tuesday, October 20, 2020, SK Hynix and Intel announced that the latter would be selling its NAND flash memory business to SK Hynix. The deal is valued at a massive $9 billion all-cash deal....
U.S. multinational bank Morgan Stanley reported a profit jump of 51 percent in its fourth-quarter report, rounding up an excellent performance in all three businesses. The bank’s revenue hits $13.64 billion, a $2 billion ahead of wealth analysts’ estimate of...
Wealth management firm Hub24 has entered a multimillion bid to acquire finance advisory company Xplore Wealth, injecting $60M as capital. The acquisition consists of a mix of cash and Hub24 scrip, as Xplore Wealth values $15 billion. It’s a leading...
Miami-based startup Reef Technology, formerly ParkJockey, received massive attention from giant investors like SoftBank and Mubadala Corp., raising a total of $700 million. The company which provides hardware, software, and management services for parking lots, expanded to other ventures including...
Following a successful preliminary trial data of COVID-19 vaccine by Moderna, the U.S. stocks jumped to a 30,000 record, indicating a long haul investing. Drugmaker Moderna announced the vaccine proved to be 94.5 percent effective, enticing more investors to inject...

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