The Latest Investing News - Page 14
Moderna to Cash in COVID-19 Vaccine Prospects; Expects to Raise 1.34B
The news hit the wires on Monday, and Bob Langer, a professor at the Massachusetts Institute of Technology (MIT), saw how its early investment and work in Moderna Therapeutics rose to the sky. Now, his stock options are worth more than $1 billion.... Read more.
Powell: US GDP to Collapse 30%, but Recovery expected in Q3 2020
Federal Reserve Chairman Jerome Powell said the United States economy could fall as much as 30% in the second quarter. Still, the country would avoid ... Read more.
Apple All-in on AR and Buys NextVR, The Virtual Reality Startup
"NextVR is Heading in a New Direction." With this message, virtual reality content provider NextVR announced its acquisition by Apple on May 14. On th... Read more.
Bitwala Teams up With Celsius to Launch Bitcoin Accounts
German NeoBank Bitwala announced a new Bitcoin account that offers up to 3.95% yearly interest. It will be offered to all its 80,000 plus customers an... Read more.
Amazon Launches New Fire to Win The Tablet-in-Home War
A faster processor, more RAM, and USB-C charging are few of the new features that Amazon is offering in its new upgraded Fire HD 8 tablet as a way to ... Read more.
Bitcoin Trades Positive The Day After The Halving; Whats Next?
Bitcoin is trading positive on Tuesday after four gloomy days. The cryptocurrency executed on Monday its third halving ever since it's creation when m... Read more.
Avianca Holdings Files Chapter 11 as The Airline Fails to Find Bailout
Latin American airline holding company Avianca Holdings filed chapter 14 bankruptcy Sunday in New York according to a press release published by the c... Read more.
Airbnb Lays Off 1,900 Employees and Refocuses on Travel Like a Human
In an emotional message, Airbnb CEO and co-founder Brian Chesky announced the layoff of 1,900 employees, around 25% of its global workforce, due to th... Read more.
Robinhood Raises $280 Million in Series F Funding And Bets on Expansion
After adding 3 million new accounts just in 2020 but experiencing some technical failures due to scalability problems and the increase of activity on ... Read more.
Warren Buffett Sells All Airlines Stocks Due to COVID-19 Crisis
The Oracle of Omaha reported that Berkshire Hathaway had sold its entire $4-billion stake in airlines as "the world has changed for the airlines." Wit... Read more.
Amazon Mixed Earnings And Plans to Spend All Q2 Revenue on COVID Topics
Amazon is trading negative on Friday after posting a mixed earnings report for the first quarter of 2020 after the bell on Thursday. "If you're a shar... Read more.
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