Indian ride-sharing giant Ola plans to raise up to $1 billion through an initial public offering (IPO) and is finalising banks to advise on the fund-raise, three sources told Reuters, becoming the latest startup to join the capital markets boom.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
