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Is Elon Musk’s SpaceX likely to IPO in 2020?

SpaceX founder and CEO Elon Musk on Monday made one of the long-awaited announcements – It is now official; SpaceX will be taking NASA astronauts to the moon before the close of the first half of 2020. The announcement by...

Uber sells its food delivery business in India to its rival Zomato

The American ride-hailing service, Uber announced on Tuesday that its Indian rival in the food delivery business, Zomato, has successfully purchased Uber Eats. The move was directed at cutting losses as the food ordering unit remained unprofitable for Uber in...

Facebook to expand its workforce by 1000 new employees in London

In an attempt to expand the engineering center, the world-famous social network, Facebook had previously announced plans of establishing units outside the U.S. As per the recent development, Facebook has said in a statement that as many as one thousand...

Best Buy To Investigate Personal Conduct Of Its CEO

Consumer electronics company Best Buy Co said that its board has initiated an investigation on claims of misconduct against Chief Executive Officer Corie Barry after the retailer received an anonymous letter. Best Buy didn’t want to disclose the contents of...

Is Ant Financial collaborating with banks to revive IPO?

Alibaba’s sister company, Ant Financial, is at it again – the fintech company has revived plans to proceed with its IPO close to a year after it shelved the idea of going public following concerns over its profitability and regulatory...

Subaru targets switching to only electric vehicles in the next 10 to 15 years

With emissions regulations getting stricter leading to a drastic change of trend, automakers from around the world are increasingly focusing on upgrading their efforts towards launching fully-electric vehicles. In a recent announcement, Japanese automobile manufacturer, Subaru Corporation, declared its plans...

Will Target Stock Surge 30% In 2020?

Following an eye-watering performance in 2019, when it gained 94%, the Target stock momentum appears to be slowing down. The company missed the mark with holiday sales last week, which sent its shares 10% lower.  Fundamental analysis: Holiday sales disappointed...

Toyota Moves Tacoma Production From U.S. to Mexico

Toyota Motor has announced plans to shift all production out of its Tacoma pickup from Texas factory to a new production base in central Mexico. The company has another plant in Tijuana, where pickups are also manufactured.  Moreover, the Japanese...

Can Apple Stock Hit $400 This Year?

Apple’s market capitalization increased staggering 103% in 2019 as a tech giant convincingly out performed many of its main rivals. Despite the stock travelling higher in an almost vertical manner, analysts see more upside for the stock due to increasing...

Temasek and Trustbridge Eye Major Ownership of WeWork China

Temasek Holdings and Trustbridge Partners held negotiations with WeWork China to acquire a majority stake of the Chinese branch, as reported by Reuters. The two companies value WeWork China at about $1 billion, said people familiar with the matter. Accordingly,...

Pharmacy Units Boost UnitedHealth Sales

UnitedHealth Group reported fourth-quarter earnings that beat analysts’ estimates on Wednesday, as the largest U.S. health care company successfully controlled medical costs and reaped the benefits with Optum, its pharmacy benefits management business. Still, shares of UnitedHealth dropped 1% before...

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