Thursday, 28th, 2024 | 7:16PM Updated

The PayPal app logo seen on a mobile phone in this illustration photo
PayPal exploring stock-trading platform for U.S. users -CNBC

Shares of PayPal Holdings Inc jumped on Monday after a report that it is exploring ways to let its U.S. customers trade individual stocks on its platform.

 The logo for electric vehicle startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S.
Amazon-backed Rivian files for IPO, gears up for blockbuster year-end flotation

Electric vehicle maker Rivian said it has confidentially filed paperwork with regulators for an initial public offering, setting the stage for a blockbuster year-end market debut as it looks to tap into a red-hot IPO market in the U.S.

A sign of JD.com is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China
China Logistics says top shareholder in talks to sell controlling stake

China Logistics Property Holdings Co said on Thursday its top shareholder was in talks to sell its controlling stake in the company to an undisclosed buyer, which could result in a takeover offer for the storage facilities manager.

A banner inviting people to apply for open jobs is seen outside a McDonald's restaurant in Bloomington, Indiana, U.S.,
U.S. corporate profits soar in second quarter; economic growth raised

U.S. corporate profits surged to a fresh record high in the second quarter, boosted by robust demand and higher prices, suggesting that an anticipated slowdown in economic growth this quarter because of soaring COVID-19 cases could be temporary.

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A WeWork logo is seen outside its offices in San Francisco, California, U.S
WeWork wins U.S. govt contract as pandemic delays return-to-office plans

Office-sharing startup WeWork said on Thursday it had won a U.S. federal contract to provide flexible working options to government employees, as a spike in COVID-19 cases prompts employers to reconsider a complete return to offices.

Gilead Sciences biotech company is seen after they announced a Phase 3 Trial of the investigational antiviral drug remdesivir in patients with severe coronavirus disease (COVID-19),
Gilead Sciences wins reversal of $1.2 billion award in patent case with Bristol Myers

A U.S. appeals court on Thursday threw out a $1.2 billion ruling against Gilead Sciences Inc, finding a patent on a cancer therapy it was accused of infringing was invalid, in a blow to rival Bristol Myers Squibb Co.

Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama,
Delta Air Lines to add $200 monthly health insurance charge for unvaccinated staff

Delta Air Lines on Wednesday said employees will have to pay $200 more every month for their company-sponsored healthcare plan if they choose to not be vaccinated against COVID-19.

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken
Citi considering bitcoin futures trading for some institutional clients

Citigroup Inc is considering offering bitcoin futures trading for some institutional clients, a spokesperson for the bank said on Tuesday, citing increased demand in the cryptocurrency space.

Shoppers visit Macy's flagship store in New York City, New York, U.S.,
U.S. retailers bring back 'above-the-keyboard' clothes as Delta surge persists

Retailers from Macy's Inc to Target Corp, keen to see the apparel sales momentum of the second quarter keep going, are stocking shelves not just with clothing for the office and school, but for a return to Zoom calls as COVID-19 infections surge in the United States.

A sign of China's e-commerce company JD.com is seen at its shop at a mall in Shanghai,
China's JD.com beats estimates, adds record new users amid regulatory tightening

Chinese e-commerce giant JD.com Inc on Monday told investors they do not expect any business impact from a wave of regulations hitting Chinese industry, after beating analysts' expectations for the quarter through June.

Richard Branson, founder of Virgin Group, poses for a photograph on board of his new cruise liner, the Scarlet Lady at Dover Port in Dover, Britain,
Branson's Virgin Orbit to go public through $3.2 billion SPAC merger

Billionaire Richard Branson's Virgin Orbit is going public through a merger with a blank-check vehicle in a deal that values it at $3.2 billion and includes an investment from Boeing Co, it said on Monday.

A representation of virtual currency bitcoin is seen in front of a stock graph in this illustration taken
Bitcoin price rises past $50,000, rebound slows

Bitcoin's price surged past $50,000 on Monday for the first time since May, although its rebound from a months-long slump lost a little steam.

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S.,
Wall Street analysts bet on Robinhood's potential to add users

Wall Street analysts on Monday took a largely upbeat view on Robinhood Markets Inc in their first ratings on the stock as they bet on the online brokerage's ability to boost its user base, days after it warned of easing retail trading frenzy.

U.S. one dollar and Chinese Yuan are seen in this illustration taken
U.S. dollar dips from 9-1/2-month high but near-term outlook still upbeat

The safe-haven U.S. dollar slipped from a 9-1/2-month high on Friday, as risk appetite improved with equities gaining and benchmark Treasury yields higher, although the near-term outlook for the greenback remained upbeat.

FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S.,
S&P 500 ends with slim gain as tech strength offsets cyclical woes

The S&P 500 ended modestly higher in a choppy session on Thursday, with gains in tech shares countering losses in cyclical sectors, as investors took the pulse of the economic rebound and gauged when the Federal Reserve might temper its monetary stimulus.

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