Tuesday, May 18, 2021
The biggest IPO in years is rolling out Thursday on the New York Stock Exchange where Coupang, the South Korean equivalent of Amazon in the US, or Alibaba in China, will begin trading under the ticker “CPNG.” It’s actually the largest initial public offering from an Asian company since Alibaba...
The U.S. House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures in American history, a sweeping $1.9 trillion COVID-19 relief bill that gives President Joe Biden his first major victory in office. The measure provides $400 billion for $1,400 direct payments to most...
Heavily shorted mortgage provider Rocket Companies saw its stock surge on Tuesday, in an eye-popping move reminiscent of the rallies that powered GameStop and other so-called ‘meme stocks’ earlier in the year. Shares of Rocket, the parent company of Quicken Loans, closed up 71.2 percent at US$41.60 after being halted...
Plant-based meat maker Beyond Meat said on Thursday it has signed multi-year supply deals with McDonald’s Corp and KFC owner Yum! Brands Inc, underscoring consumers’ appetite for vegetable-based alternatives and Beyond Meat’s leading position. The plant-based meat industry has developed a frenzied following in recent years, and companies like Beyond...
World's richest man to step down in Q3 2021 CEO role will be handed over to Andy Jassy, head of Amazon Web Services Bezos will focus on other projects like the Bezos Earth Fund, Blue Origin aerospace company, and the Washington Post Amazon CEO Jeff Bezos will step down...
By now, everyone has head the same old story. Covid-19 has caused unprecedented economic damage to the entire world, supply chains have been disrupted, nations are experiencing poor growth, et cetera. However, amidst the turmoil, there is a shining star that serves as excellent example. This star is Vietnam,...
According to Nikkei Asia, Japan has some big plans in store with regards to eco-friendliness and sustainability. The island nation is aiming to make all new car sales eco-friendly by the mid-2030s as it joins a growing community of nations determined to slow down the world’s ever-growing carbon emissions. The...
Small business confidence in the UShas fallen to an all-time low after the election of Joseph Biden, according to the Q4 CNBC|SurveyMonkey Small Business Survey. With a confidence index reading of 48, Main Street’s outlook is now below where it was during the second quarter of this year (49),...
There are some interesting new developments occurring in the chipmaking industry. Taiwanese chip manufacturing giant, Taiwan Semiconductor Manufacturing Co. (TSMC), will be working with Google and other well-known US tech heavyweights to develop a brand new way of making semiconductors more powerful. The tried and true technique of cramming more...
The 17th edition of the Malaysia International Halal Showcase (MIHAS) will be held in September next year to spur innovation and sustainable growth in the Halal economy. The event is organised by the Malaysia External Trade Development Corporation (MATRADE) under the patronage of Ministry of International Trade and Industry...
The Federation of Malaysian Manufacturers (FMM) is confident that the Regional Comprehensive Economic Partnership (RCEP) will contribute significant market access for Malaysian companies, enabling new value chains, increasing economic activities, and strengthening supply chain links across the Asia Pacific. FMM president Tan Sri Soh Thian Lai said although Malaysia has...
With the year end fast approaching, one of the world’s longest Christmas celebrations are expected to kick-off soon in the Philippines. At the forefront of the holiday rush are the massive shopping malls the country is known for; vast emporiums that are carefully decorated to appeal to the holiday...

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