Hypebeast Goes Public Through SPAC Merger
Hypebeast is bringing its stock to the United States through a merger with the SPAC Iron Spark I that will value the company at more than $530 million following the investment.
Go Deeper (3 min read)Where Are Stocks Headed?
In the past months, investor sentiment deteriorated dramatically. In a study conducted by the American Association of Individual Investors, bears dominated bulls.
Go Deeper (2 min read)Moody's Corporation
Moody's Corporation is a commercial and financial services firm based in the United States. It is the parent business of Moody's Investors Service, an American credit rating agency, and Moody's Analytics, a financial analysis software and services provider based in the United States
Go Deeper (8 min read)Tech Companies Are Always Growing "Fast"
Fast, a firm that offers online checkout and identity services, has raised $102 million in a Series B round back in March 2021. Stripe, a previous investor in Fast, led the current fundraising round.
Go Deeper (2 min read)Pet Stocks Lose Their Momentum
More than 23 million American families (nearly one in every five) got a pet during the pandemic and many new owners have spent big on their pets. U.S. consumers spent $21.4 billion on non-medical pet supplies in November 2022.
Go Deeper (2 min read)
Google is paying $5.4 billion to acquire cybersecurity firm Mandiant Inc, a purchase that could have a "ripple effect" as cloud competitors Microsoft and Amazon ratchet up their attempts to secure the fast-growing industry.
Go Deeper (2 min read)
Bed Bath & Beyond, The New GameStop?
In premarket trading Monday, Bed Bath & Beyond stock jumped more than 70% when GameStop Chairman Ryan Cohen revealed that his investment firm, RC Ventures, owned a roughly 10% position in the business.
Go Deeper (2 min read)
Hermes, A Valuable Luxury Business
Hermès is a premium fashion house based in France that was founded in 1837. Leather products, lifestyle accessories, home furnishings, fragrances, jewellery, watches, and ready-to-wear are among its specialties. It has had a Duc carriage with horse as their emblem since the 1950s.
Go Deeper (7 min read)
Higher Inflation And Rates Hikes Ahead
Russia's invasion of Ukraine is likely to raise inflation according to Jerome Powell, which would be a blow to the Fed's predictions of easing pricing pressures in the coming months.
Go Deeper (2 min read)
SoftBank Is Cutting Its Alibaba Stake
SoftBank Group Corp is set to reduce its holding in Chinese e-commerce giant Alibaba, according to an analyst, as the Japanese tech titan focusses on unlisted companies and repurchases its shares. In the last quarter, SoftBank sold 20 million Alibaba shares and could sell even more shares in 2022.
Go Deeper (2 min read)
Tesla's Gigafactory On Hold
Tesla revealed plans for its first Gigafactory in Europe near Berlin in late 2019, challenging Germany's conventional car industry titans Volkswagen and Daimler.
Go Deeper (2 min read)
