Edition:
United Kingdom

C Nivedita

Tesla's back-to-back price cuts bring sticker on U.S. Model S below $70,000

15 Oct 2020

U.S. electric vehicle maker Tesla Inc cut the price of its Model S "Long Range" sedan in the United States to $69,420, its website showed, following a tweet https://bit.ly/2H0JCP0 flagging the cut earlier on Wednesday from Chief Executive Elon Musk.

Playboy in deal to return to stock market after nine years

01 Oct 2020

Playboy Enterprises Inc said on Thursday it has agreed to go public by merging with blank-check acquisition company Mountain Crest Acquisition Corp in a deal that values the owner of Playboy magazine at $413 million, including debt.

Unity Software soars in blockbuster NYSE debut

18 Sep 2020

Shares of Unity Software Inc soared in their debut on the New York Stock Exchange on Friday, giving the gaming platform a market value of around $18 billion and signaling sustained demand for new stocks.

Chime leapfrogs Robinhood as most valuable U.S. fintech startup

18 Sep 2020

Chime has raised $485 million in a new funding round that values the digital-only banking firm at $14.5 billion, a company spokeswoman said on Friday.

Buffett-backed Snowflake's value doubles in stock market's largest software debut

16 Sep 2020

Snowflake Inc's shares more than doubled in their New York Stock Exchange debut on Wednesday, a day after the Warren Buffett-backed data warehouse company raised more than $3 billion in the largest U.S. listing of the year thus far.

Citigroup's Fraser to be first woman CEO of Wall Street bank

11 Sep 2020

Citigroup Inc named consumer banking head Jane Fraser as its next chief executive on Thursday, making her the first woman to lead a major Wall Street bank. | Video

World News

Sunshine State showdown: Trump, Biden to take campaign battle to Florida

With Election Day looming, President Donald Trump and Democratic rival Joe Biden will both rally supporters on Thursday in the critical battleground state of Florida – campaigning in the same city hours apart and putting their differing approaches to the resurgent coronavirus pandemic on full display.