Google is paying $5.4 billion to acquire cybersecurity firm Mandiant Inc, a purchase that could have a "ripple effect" as cloud competitors Microsoft and Amazon ratchet up their attempts to secure the fast-growing industry.
Go Deeper (2 min read)Bed Bath & Beyond, The New GameStop?
In premarket trading Monday, Bed Bath & Beyond stock jumped more than 70% when GameStop Chairman Ryan Cohen revealed that his investment firm, RC Ventures, owned a roughly 10% position in the business.
Go Deeper (2 min read)Hermes, A Valuable Luxury Business
Hermès is a premium fashion house based in France that was founded in 1837. Leather products, lifestyle accessories, home furnishings, fragrances, jewellery, watches, and ready-to-wear are among its specialties. It has had a Duc carriage with horse as their emblem since the 1950s.
Go Deeper (7 min read)Higher Inflation And Rates Hikes Ahead
Russia's invasion of Ukraine is likely to raise inflation according to Jerome Powell, which would be a blow to the Fed's predictions of easing pricing pressures in the coming months.
Go Deeper (2 min read)SoftBank Is Cutting Its Alibaba Stake
SoftBank Group Corp is set to reduce its holding in Chinese e-commerce giant Alibaba, according to an analyst, as the Japanese tech titan focusses on unlisted companies and repurchases its shares. In the last quarter, SoftBank sold 20 million Alibaba shares and could sell even more shares in 2022.
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Peloton Has A New Leader
Peloton co-founder John Foley, who has overseen the firm for its entire 10-year history, is stepping down as CEO and will become executive chairman. Barry McCarthy, the former CFO of Spotify and Netflix, will take over as CEO and President of Peloton and join the board of directors.
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Constellation Software, A Tech Giant
Constellation Software is a software conglomerate based in Canada. The firm is based in Toronto, Canada. It is traded on the Toronto Stock Exchange and is a component of the S&P/TSX 60 index.
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Amazon Surprises, Meta Fades
Amazon's profit nearly doubled during the holiday season, thanks to better-than-expected labor and supply cost control, as well as advances in its cloud computing and advertising divisions.
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Labour Market Heals
According to Labor Department figures released Tuesday, job postings totaled roughly 11 million in December all while the Great Resignation slowed.
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What changed in the last quarter was what retail investors were trading. They shied away from meme stocks, opting instead for more conservative exchange-traded funds.
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Thematic Investing Is Showing Cracks
According to a recent report from JPMorgan, the attractiveness of investing in thematic ETFs that target diverse topics like renewable energy, innovation in developing markets, robots and space exploration does not benefit the end investor in the long run.
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