Daily Global Markets Update
US Markets The SP 500, an index that measures the stock performance of 500 large companies listed on stock exchanges in the United States hit an all-time high of 3,395.06 [...]
Oracle in Talks to Buy TikTok's U.S. Operations
Oracle Corporation has expressed interests in buying TikTok's operations and has already held preliminary talks with TikTok's Chinese owner, ByteDance. The company is considering buying the app'soperations in the United [...]
Global Markets Weekly Report
Geopolitics US Democratic Party nominee Joe Biden recently unveiled California Senator Kamala Harris as his running mate for the November 3rd 2020 presidential election. Kamala Harris becomes the first black woman [...]EasyJet Raises £600 Million from Sell Offs Leasebacks
Europe's second-biggest low-cost airline, EasyJet, has raised £600 million from selling off and leasing back part of its fleet. The airline said a £203 million deal for five Airbus A321neo [...]India Excludes Huawei, ZTE in its 5G Trials
India will bar Huawei Technologies and ZTE Corp from its 5G trial plans on the grounds of defense of India on matters directly or indirectly related including national security. The [...]Reliance Jio in Talks to Buy Tiktok's $3 Billion Indian Business
ByteDance, the company that owns Tiktok, is in early discussions with Reliance Jio for investment in the video app. According to TechCrunch, the talks started in July but are yet [...]Brief; Global Markets Rundown
US initial jobless claims The number of initial jobless claims in the United States for the week ending August 8 fell by 228,000 compared to 963,000, falling below 1 Million [...]Court Orders Uber Lyft to Classify Drivers as Employees
A court in California has ordered ride-hailing companies, Uber and Lyft, to classify their drivers as employees, rather than freelancers/contractors. The order comes at an uncertain time when both companies [...]UK's Economy Suffers Worst Recession on Record
A recession brought on by the global coronavirus pandemic has led to the biggest fall in quarterly GDP on record in the United Kingdom(UK). Analysts are still figuring out how [...]
Airbnb Set to File for an IPO this August
Airbnb is planning to file for an Initial Public Offering (IPO) this August, and could begin trading by the end of 2020, thus paving the way for the company to [...]Saudi Oil Giant Aramco Plans Dividend Despite a 73% Profit Crash
CEO of Aramco says the company still plans to pay a dividend of $75 billion despite a significant drop in its net profit. Profits for the company for the quarter [...]MTN Plans Phased Exit of the Middle East Market
Africa's largest mobile carrier is planning to exit the Middle East market, citing low revenues as well as growing complexities in the environment. MTN will first sell its subsidiaries in [...]
