FIGS Inc's shares jumped nearly 29% in their market debut on Thursday, valuing the company at $4.57 billion, indicating robust investor interest after the maker of medical scrubs, face masks and shields saw a jump in demand during the COVID-19 pandemic.
Amazon's move to buy the MGM movie and TV studio will provide fuel for the Seattle company's critics in the nation's capitol who complain it is already too big and powerful, but experts said the deal poses few classic antitrust concerns.
Bitcoin climbed back above $40,000 on Wednesday for the first time this week, before edging off its highs, as recent volatility in the cryptocurrency market showed few signs of dampening down.
Delta Air Lines Inc has stopped buying the credits its oil refining arm needs to comply with U.S. biofuel laws, leaving it with a $346 million liability at the end of the first quarter, as it tries to persuade the White House to ease its obligations, according to previously unreported financial filings and sources familiar with the matter.
Amazon.com Inc will buy MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.
A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company's leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change.
The U.S. Securities and Exchange Commission (SEC) is considering new rules to protect investors amid a surge in the use of special purpose acquisition companies (SPACS) as capital-raising vehicles, its new chair will tell lawmakers.
BlackRock, Exxon Mobil Corp's second largest shareholder, is backing several of upstart hedge fund Engine No. 1's candidates to join the company's board, in a blow to the energy giant, according to people familiar with the matter.
New York-based indoor vertical farming startup Bowery Farming said on Tuesday it raised $300 million in its latest funding round, valuing the company at $2.3 billion as the pandemic shed light on the importance of securing local food supply.
The head of Emirates airline, one of Boeing's biggest customers, has warned the U.S. planemaker that it would refuse delivery of 777x jets if they fall short of contractual performance commitments.
The rapid development of cryptocurrency and digital finance generally is “an area we cannot ignore,” Atlanta Federal Reserve President Raphael Bostic said on Monday while pointing to volatility in technologies like bitcoin and their shortcomings as a substitute for traditional currencies like the dollar.
Bitcoin jumped more than 10% during a surge in cryptocurrencies Monday, regaining some ground lost during a weekend sell-off that was sparked by renewed signs of a Chinese crackdown on the emerging sector.
Bitcoin extended losses on Friday afternoon, falling more than 11% after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of the largest cryptocurrency.China's Financial Stability and Development Committee, chaired by Vice Premier Liu He, singled out bitcoin as the asset it needs to regulate more. The world's largest and most popular cryptocurrency recently traded down 11.59% at $35,928 after holding the $40,000 level for most of the Asian and London sessions. Since hitting an all-time high just under $65,000 in mid-April, bitcoin has fallen about 45%. It's down about 28% so far this week.
Planemaker Boeing Co has drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month in fall 2022, industry sources said, in a bid to extend its recovery from overlapping safety and COVID-19 crises.
South Korea has requested U.S. incentives such as tax deductions and support for stable electricity and water supply to ease investment by Korean firms including leading chipmaker Samsung Electronics, its presidential office said on Friday.
