Posts in tag

E-commerce


Amazon.com Inc. is among the bidders for healthcare company Signify Health Inc., joining other heavy hitters vying in an auction for the home-health-services provider, according to people familiar with the matter. Signify is for sale in an auction that could value it at more than $8 billion, the people said. Bids are due around Labor …

Photo: Mandel Ngan (Getty Images) This week, Bloomberg reported that a bipartisan group of lawmakers are inching closer to another big plan to break up big tech. But unlike grandiloquent calls for Meta to divest Instagram or for Google to divest Chrome, this new legislation would force both companies to divest the heart of their …

Brian Doubles, the new CEO of Synchrony Financial, is focusing on partnerships with e-commerce companies and health care providers as the credit card issuer expects a resurgence in consumer spending. Doubles is a longtime Synchrony executive who last week announced a reorganization of the company that will separate online partners such as Amazon and Venmo …

Amazon.com Inc. AMZN 1.46% is nearing a deal to buy the Hollywood studio MGM Holdings for almost $9 billion, said people familiar with the matter, a pact that would turn a film operation founded in the silent era into a streaming asset for the e-commerce giant. An agreement could be announced as early as this …

Walmart Inc.’s WMT 1.86% sales continued to rise during the spring quarter though at a slower pace than earlier in the Covid-19 outbreak, as some consumers returned to more typical shopping patterns and U.S. government stimulus stoked spending. Comparable sales, those from U.S. stores and digital channels operating for at least 12 months, rose 6% …

Shares of Uber Technologies Inc. UBER, -0.64% slipped 0.64% to $60.35 Friday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, +0.10% rising 0.10% to 14,052.34 and the Dow Jones Industrial Average DJIA, +0.48% rising 0.48% to 34,200.67. Uber Technologies Inc. closed $3.70 short …

Grab Holdings Inc. said it would go public on the Nasdaq Stock Market by merging with a special-purpose acquisition company, securing a near-$40 billion valuation in a new milestone for the SPAC boom that has swept U.S. financial markets. The $39.6 billion deal to list Grab, a ride-hailing, food-delivery and digital-wallet group that operates across …

After a year of startling growth, the tech industry faces a more vexing 2021. The pandemic helped bring the world’s tech giants such as Amazon.com Inc. and Microsoft Corp. to new heights in 2020. The shift to online shopping and remote working accelerated at a pace that would have been inconceivable without the coronavirus. But …

Bitcoin has surged to a record high amid rising interest from investors and claims that the volatile cryptocurrency is on the way to becoming a mainstream payment method. Having quadrupled in value during 2020, bitcoin began 2021 strongly by breaking through the $30,000 (£22,000) mark for the first time, less than three weeks after first …

China has launched an antitrust investigation into Alibaba Group and will summon the technology giant’s Ant Group affiliate to meet in the coming days, regulators said on Thursday, in the latest blow for Jack Ma’s e-commerce and financial technology empire. The probe is part of an accelerating crackdown on monopolistic behaviour in China’s booming internet …