June 2 2022 🕓 2 min
CEO of DWS resigns over greenwashing allegations
Frankfurt police raided the offices of the DWS Group and the CEO of the company resigned a few hours later.
Tag: investing
May 27 2022 🕓 2 min
Broadcom makes one of the largest acquisitions
Broadcom has agreed to buy cloud services provider VMware for $61 billion in cash and stock. It is the second-largest acquisition this year.
May 25 2022 🕓 2 min
The competition to switch to electric vehicles continues
Automaker Stellantis and tech giant Samsung SDI plan to together build a $2.5 billion battery plant in the US.
May 23 2022 🕓 2 min
Hyundai will invest over $10 billion in the US
Hyundai Motor Group will invest over $10 billion in the US by 2025 to strengthen cooperation with U.S. firms in advanced technologies.
May 21 2022 🕓 3 min
Tesla is no longer the largest position in ARK Invest
Much controversy and debate have been stirred by ARK Invest founder Cathie Wood and her, for many, very risky portfolio management.
May 19 2022 🕓 2 min
Melvin Capital Management to wind down after losses
The hedge fund liquidates its assets and returns cash to investors. Retail investors are largely to thank for this.
May 15 2022 🕓 2 min
Saudi Aramco reported a very strong first quarter
Oil producer Saudi Aramco has reported a more than 80% rise in first-quarter net profit. This was primarily due to the high oil price.
May 11 2022 🕓 3 min
Electronic Arts grow after earnings thanks to positive news
EA reported positive results and a promising future outlook. Shares are up 10% despite the announcement of the end of cooperation with FIFA.
May 10 2022 🕓 2 min
Pfizer buys migraine drug maker Biohaven Pharmaceutical
US pharmaceutical company Pfizer will buy migraine drug maker Biohaven Pharmaceutical for about $11.6 billion.
May 10 2022 🕓 2 min
LUNA and UST in trouble?
Terra USD (UST) and its supporting coin LUNA are experiencing a big drop in price and market capitalization in the current market situation.
May 8 2022 🕓 2 min
Shares of Under Armour weaken by more than 23%
Under Armour disappointed investors in its results for the first quarter of the year. The company is experiencing problems mainly in Asia.
May 2 2022 🕓 2 min
Warren Buffett announced big purchases in the first quarter
Berkshire Hathaway is shrinking its big cash cushion and announcing big purchases in the first quarter of this year.