Netflix released its fourth-quarter results after the stock market bell on Thursday. Read more.
Tags : asia-pacific stocks
Peloton executives and insiders sold nearly $500 million worth of stock before the stock fell sharply. That's according to documents filed with the Securities and Exchange Commission. Peloton shares have fallen more than 80% since their highs last year, hitting a 52-week low of $29.11 on Tuesday. John Foley, the company's CEO and co-founder, has sold $119 million worth of shares as of November 2020, according to SmartInsider. Most of his sales were for $110 a share or more. Many top executives also sold some of their shares at the right time. William Lynch, the company's president, sold more than $105 million worth of
Microsoft announced Tuesday that it will buy video game giant Activision Blizzard for $68.7 billion in cash. The price means Microsoft will pay $95 per share for Activision. Read more.
Amazon abandoned plans to block payments with U.K. Visa credit cards this week as the two sides continue to try to resolve a dispute over payment fees. Read more.
Tesla co-founder JB Straubel, founder and CEO of battery recycling company Redwood Materials, has good news and bad news for those who believe electric vehicle sales are about to take off. Read more.
Shares of Rivian Automotive fell 5% in after-hours trading Monday after the company said it missed its 2021 production target and confirmed the departure of its chief operating officer. Read more.
Elon Musk announced Friday on Twitter that Tesla will raise the price of its "Full Self-Driving" (FSD) package from $10,000 to $12,000 on Jan. 17 for U.S. customers only. Read more.
Adobe Chairman and CEO Shantanu Narayen expressed confidence about the company's future on Thursday, telling CNBC's Jim Cramer that the software maker's weaker-than-expected forecasts do not spell trouble for the company. Read more.
NatWest has been fined £265m after admitting it failed to prevent the laundering of nearly £400m by one firm. A gold trading firm suspected of money laundering had deposited £700,000 cash in black bin bags at a NatWest branch, a court heard on Monday. Read more.
Shares of Oracle surged 15.6% on Friday after the company reported second-quarter 2022 earnings and revenue that beat analysts' estimates. Oracle shares had their best day since March 2020 and their second-biggest rise in 20 years. Read more.
Social media platform TikTok is making a big move into shopping. The video-sharing app is famous for its short lip-syncing videos, dance routines and humor. Read more.
The boss of a US company has come under fire after he sacked around 900 of his staff over a single Zoom call. "If you are on this call, you are part of the unfortunate group that is being fired," Vishal Garg, chief executive of mortgage company Better.com, said in the call, which was later uploaded to social media. Read more.