Tencent Holdings Ltd. said one of its executives, Zhang Feng is being probed over an alleged corruption case in his personal dealings, not involving the company as a whole.The tech giant said the inve...
Disney announced last Thursday that its streaming service, Disney+ has passed 94.9 million subscribers. The announcement came alongside the earnings report for the quarter that ended December.Shortly ...
Ariel Investments, LLC on Wednesday announced the launch of its Ariel Alternatives and the Project Black initiative.The firm has secured a $200 million commitment from JPMorgan Chase, as it gradually ...
Former NBA star Chris Webber has announced his plan to launch a private-equity fund with $100 million in assets to support minority entrepreneurs in the cannabis industry.Webber will partner with JW A...
Analysts at Goldman Sachs on Friday named big oil stocks that will rally as much as 54% this year, as the transport market gradually recovers and generate cash returns for investors.The investment ban...
The first African American national news channel, the Black News Channel (BNC) which caters to the “cultural specific” needs of Black in the U.S. launched exactly a year ago.BNC said its target wa...
Square Inc. announced Thursday that it is buying a majority stake in Jay-Z’s Tidal worth $297 million in cash and stock.The payment company has successfully created a one-stop financial shop for all...
A dual-class stock structure basically means that a company has given disproportionate voting rights to one group of shareholders, typically its founders. In a conference call with analysts, fina...
According to its latest 13F, Michael Burry's Scion Asset Management seems to be highly active in the last quarter of 2020. The report reveals that Burry gained nine new positions during the period and...
Tesla's (TSLA) stock fell 11.5% last week. Musk, who owns nearly 18% of Tesla's shares, bore most of the brunt of that massive sell-off. Musk's wealth fell by $27 billion last week, according to ...