Nvidia Purchase Of Arm Faces U.K. Scrutiny
Arm CEO Hermann Hauser criticized the sale to Nvidia and termed it a disaster for Cambridge, the United Kingdom, and Europe.
Snowflake Prices IPO Above Indicated Range to Raise $3.4B
The cloud data warehousing company raised the largest IPO ever for a U.S. software company.
Kodak’s $765M Loan Deal Under Review
The company’s government loan to manufacture drug ingredients is under investigation by the agency that approved the deal.
Apple, Google, Dropbox Face Italy Antitrust Probes
Italy’s competition authority is looking into the companies’ cloud storage services after complaints about allegedly unfair commercial practices.
Economists Expect Slow Recovery, But Aren’t Forecasting ‘Double-Dip’ Recession
Economists' thoughts on when exactly the recession will end vary, with 35% expecting the current recession to end in the second half of 2020.
Be Ready to Distribute COVID-19 Vaccine in Two Months, CDC Says
Public health authorities were notified to prepare to distribute a coronavirus vaccine as early as late October.
Macy’s Shares Higher on Better-Than-Expected Q2
Digital sales increased 53% year-over-year, which helped offset the loss of sales at stores due to coronavirus closures.
Walmart to Launch Subscription Service This Month
The retailer’s new $98 a year subscription program is expected to compete with Amazon Prime.
Nio Trades Down After Upsized Equity Offering Prices at Discount
With the offering, the Chinese electric vehicle company expects its cash reserves to exceed $2.9 billion.
Why Tesla Puts The S&P Selection Committee ‘In a Real Bind’
Even a relatively mild decline in demand could easily push Tesla back into negative income territory.
Justice Department Charges Five for Alleged $20M Cryptocurrency Mining Fraud
The crypto club founders allegedly spent their victims' money on luxury cars, jewelry, and homes.