Daily Management Review
Business & Finance

WeWork shares up more than 10 per cent in first day of trading

Co-working service WeWork has gone public and its shares on the New York Stock Exchange reached $13.71 on the first day of trading, 37% above the offering price. WeWork went public through a merger with specialist target mergers and acquisitions (SPAC) company BowX Acquisition Corp, valuing the...

Interbrand: Tech brands skyrocket in 2021 rating

Consultancy Interbrand presented its annual ranking of the world's 100 most expensive brands: the top 3 remained unchanged, while only one new brand was added to the overall list. Overall, brand value growth accelerated over the year, with technology companies showing the greatest growth. Tesla was...

Starbucks, Amazon plan to open joint outlets

Amazon, which previously launched the cashier-less Amazon Go shop chain in the US and UK, has been in talks with coffee chain Starbucks to open co-branded outlets, Business Insider reports, citing an internal retailer document. The project, under the ready-made Verde name, was planned to come up...

Apple’s New Premium-Priced MacBooks Show Case Its Focus On Chip Strategy

In an effort to move away further from the previous chip supplier Intel Corp, two new MacBook Pro models were unveiled on Monday by Apple Inc that is powered by the more powerful in-house chips. The unveiling also underscored the strategy of the iPhone maker of differentiation of its hardware from...

Wall Street watchdog warns against gamification of stock trading

The US Securities and Exchange Commission said that online brokers are turning trading in stocks into games to boost revenues by paying for the flow of orders to encourage retail investor activity. Wall Street's top regulator warned of the dangers of gamification of stock trading in a report on...

Ford To Build Electric Car Parts At UK Plant With $300 Million Investment

An investment of up to 230 million pounds ($316 million) would be made for the manufacturing of components for its electric cars at its factory in Halewood in northern England will be made by the United States based auto giant Ford, the company announced on Monday.   According to the plans...

Evergrande CEO In Hong Kong For Negotiation Restructuring Debts And Asset Sale: Reuters

With the once top Chinese developer Evergrande Group struggles to cope with default on more than $300 billion in debts, discussions on restructuring and asset sales are being conducted with investment banks and creditors in Hong Kong by the company’s CEO, said a report published by news agency...

China Energy Crisis Exacerbated By Early Winter Chill As Coal Prices Push Records

On Friday, the energy crisis in China worsened further as cold weather blanketed a large part of the country while power plants struggled to stockpile coal that pushed up coal prices to new highs.   As strong cold winds blowing down from northern China, demand for more electricity for...

JP Morgan's third-quarter profit jumps by 24%

JP Morgan Chase, America's largest bank, on Wednesday reported its third-quarter earnings, up 24 percent to $11.7 billion. Earnings per share came in at $3.74, substantially higher than the $3 expected by Refinitiv survey. The bank's revenues remained almost the same as in the third quarter last...

First Tesla Cars From German Factory Could Roll Out By Come Next Month: Musk

Tesla CEO Elon Musk said on Saturday at the company’s German plant's site that the first cars from the new Berlin factory of the company should roll off the production line as early as next month, but added that it would take much longer for the company to achieve volume production from the...
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