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Business

Concern over Chinese property group Evergrande jitters global stock markets

Asian stocks showed mixed reaction as concerns persisted over Chinese property group Evergrande and its impact on the global markets. Japan’s Nikkei 225 index closed 2.2% lower, but Hong Kong’s Hang Seng index regained earlier losses to end up 0.5%. Evergrande, a major Chinese property developer is struggling to meet interest payments on more than $300 billion […]

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Business World

US stock exchange regulator charges former Netflix engineers for making $3 million from insider trading

The Wall Street watchdog has charged three former Netflix software engineers over an alleged insider trading ring that made $3 million. The ex-staff members and two close associates were named in court papers. The US Securities and Exchange Commission (SEC) said confidential Netflix subscriber growth data was used in the scheme. The information was allegedly […]

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Business

Robinhood posts half a billion loss in second quarter, but investments double

Robinhood reported a large loss in its first earnings report since its volatile IPO last month, overshadowing the fact that sales more than doubled in the second quarter, driven by strong demand for cryptocurrency trading. The company reported $565 million in revenue for the quarter. Analysts predicted $521.8 million in sales. According to Robinhood, this […]

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Business

Devyani International Limited: Company which operates over 500 outlets of KFC, Pizza Hut, Taco Bell and Costa Coffee goes public

One of India’s biggest brands franchisee Devyani International Limited announced its plans for an Initial Public Offering (IPO). The company operates over 500 retail outlets of KFC, Taco Bell, Costa Coffee and Pizza Hut combined across India. Worldwide the firm manages over 50,000 restaurants across 150 nations. Even amidst the ongoing Covid-19 pandemic, Devyani International […]

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Business

Safe Bet: Cryptocurrency or Stock Market?

Investing your excess money in something ‘right’ is the best way to build your wealth, but picking the ‘right’ investment can be tricky. The stock markets have been around for decades, but cryptocurrency has made headlines lately. Here we take a look at how the traditional stock marketing industry works against the new age crypto […]

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Business

GameStop shares double on Wednesday surprising reddit traders

Shares of GameStop, an American video game and consumer electronics company, doubled suddenly on Wednesday afternoon surprising traders. GameStop stocks ended trading day by going nearly 104 percent up. Trading on the stock was halted twice on Wednesday afternoon. GameStop soared more than 1,600% in January as retail investors bought shares of the company to […]