Microsoft Earnings: Highest Q4 Growth in 6 Years
A significant fourth-quarter beat was powered by several secular growth trends and recurring revenue.
Aon and Willis Towers Watson Cancel $30B Merger
The insurance brokers have scrapped their merger following a lawsuit by the U.S. Department of Justice agreement to block the transaction.
Square Debuts Small Business Banking Platform
The suite of financial products are designed to help small business owners manage their cash flow.
Bond Market Pricing in at Least One Interest Rate Hike in 2022
The bond market is currently pricing in a 56.8% chance of a rate hike by December 2022.
Square Building Fintech Company With ‘Primary Focus on Bitcoin’
CEO Jack Dorsey said the business will be dedicated to “decentralized financial services” using bitcoin.
Apple Working on ‘Buy Now, Pay Later’ Plan
The company is partnering with Goldman Sachs to let users pay for purchases in installments and will rival similar services offered by Affirm and PayPal.
Microsoft Agrees to Buy Cybersecurity Firm RiskIQ for $500M
The tech giant has been making attempts to offer more products and services to protect customer data amid increasing cyber-attacks globally.
Elon Musk to Testify Over Tesla’s $2.6B SolarCity Buy
The lawsuit alleges that the acquisition failed to deliver the profits promised by Musk and accuses the CEO of personally benefiting from the acquisition.
EU Fines BMW, Volkswagen $1B Over Delaying Clean Emissions Technology
The carmakers were accused of breaching EU antitrust rules between 2006 to 2014.
Regulators Can and Will Crack Down on Crypto
In a recent note to clients, UBS Bank said that regulatory crackdowns could pop the “bubble-like” crypto markets.
Nextdoor Lands SPAC Deal With Khosla
The social media platform for neighbors plans to go public at a valuation of $4.3 billion.