Hyundai and Kia to double down on EVs with USD 16.5 billion investment

South Korea's largest carmakers Hyundai Motor Company and its affiliate Kia Corporation are reportedly planning to spend around 21 trillion won (USD 16.6 billion) to boost their electric vehicle production capabilities. The two compa....

Home Depot boosts annual forecast as demand persists despite inflation

The home improvement retailers’ shares spiked by 5% to USD 310.78. Home Depot expects its comparable sales to increase by 3% despite inflating prices. Home Depot Inc. has reportedly lifted its annual sales and profit forec....

Google and Samsung partner to make fitness data app for android users

Google and Samsung have reportedly joined forces to create an API ‘Health Connect’ that will sync users' health data between their Android devices and other platforms. The objective of this is to make it easier for people to....

Netflix might venture into live-streaming space to expand its content

According to reliable sources, Netflix Inc. is likely to enter the live streaming service for stand-up performances and other live shows. With support for live streaming, Netflix could also premiere live reunions, such as the one conduct....

Wealth platform Zoe Financial to partner with Defiant Financial Services

Zoe Financial, a wealth platform, has reportedly partnered with Ohio-based Defiant Financial Services LLC. Under the partnership, Defiant Financial Services will become one of the Registered Investment Advisor (RIAs) firms of their exclusiv....

Lordstown Motors shares see 14% surge as it closes on Foxconn deal

The EV maker signed an agreement with Foxconn to sell its Ohio factory for USD 230 million. Lordstown is looking to acquire funds to put its Endurance EV truck into production. Lordstown Motors Corporation has reportedly concluded....

Swedish Match shares surge on Philip Morris USD 16 billion buyout

Swedish Match shares hit a record high after Philip Morris International Inc. reportedly confirmed it was in talks to buy the Stockholm-based tobacco company. The move would allow the world’s biggest tobacco manufacturer to expand its....

Sony reports wary forecast as supply chain disruptions dip net profit

Despite Sony Group Corporation reporting excellent sales in the financial year 2021-2022 given the strong results in electronics, movies, and music, the Japanese conglomerate is cautious about the forecast as the supply chain disruption con....

OYO Rooms completes its USD 5.5 million Direct Booker acquisition

Multinational hospitality chain OYO Rooms has reportedly acquired a Europe-based company, Direct Booker, for USD 5.5 million which has over 3,200 vacation homes and catered to over 2 million customers. The acquisition aims to strengthen ....

Aston Martin reveals Racing Green strategy for electrification by 2030

British automotive giant Aston Martin has announced its plans for electrification, calling it the Racing Green strategy. In 2024, the automaker plans to become a PHEV-focused brand, with fully electric vehicles following in 2025, although t....