Tag: Acquisitions/Mergers/Shareholdings

Biden’s executive order targeting big business and competition: full text

By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote the interests of American workers, businesses, and consumers, it is hereby ordered as follows:   Section 1.  Policy.  A fair, open, and competitive marketplace has long been a cornerstone of the American […]

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S&P 500 books best week since February as investors digest fresh inflation data

The S&P 500 index rose to another record Friday, after investors pored over fresh U.S. economic data a day after an infrastructure spending agreement in Washington helped lift the broad market to all-time highs. The Dow also finished higher, with the rise in Nike shares being a big driver of its gains. JPMorgan Chase & […]

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Panasonic sells its stake in Tesla for nearly $4 billion: report

Panasonic Corp. sold its entire stake in Tesla Inc. last fiscal year, the Japanese business daily Nikkei reported Friday. Panasonic 6752, +4.57%, which builds lithium batteries for Tesla, reportedly sold all of its Tesla shares by the end of March for an estimated $3.88 billion. A Panasonic executive told Nikkei that its business relationship with […]

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PayPal steps up efforts to make money off Venmo with new fee changes

PayPal Holdings Inc.’s Venmo is making several changes to its platform, with plans to increase the fees for instant deposits that users make to their bank accounts and add an option that lets people designate that they’re paying another user for the purchase of goods and services. The moves come as PayPal PYPL, +0.49% looks […]

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