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)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.
Go Deeper (2 min read)Tesla's Gigafactory On Hold
Tesla revealed plans for its first Gigafactory in Europe near Berlin in late 2019, challenging Germany's conventional car industry titans Volkswagen and Daimler.
Go Deeper (2 min read)More from Business
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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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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Markets Pressured By Uncertainty
Tensions are heating up as Russia massed an estimated 100,000 troops along Ukraine's border, encircling the country from the north, east, and south.
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Estée Lauder, The Beauty Giant
The company was founded by Estée and Joseph Lauder in 1946 in New York. They started by selling only basic oils and skin solutions and opened their first department store account with Saks Fifth Avenue in Manhattan in 1948.
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Hot Money Chasing Growth Stocks
In recent years, a key bright light for the hedge-fund industry has dimmed as stocks of technology and other fast-growing companies have sold off, resulting in substantial losses for some big investors.
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