Goldman Sachs offering an innovative way for investors to bet on SPACs

Goldman Sachs Group Inc. has reportedly introduced a new offering for investors to place their bets on SPACs in an attempt to capitalize on the growing deal-making trend. Sources mentioned that the new product is organized as a two-year bo....

Apple’s privacy policy cost social media platforms USD 10 Bn: Report

Apple’s changes to its privacy policy has cost social media platforms like Snapchat, Twitter, Facebook, and YouTube nearly USD 9.85 billion in revenue, according to a report published by the Financial Times. For those unaware, Apple ....

Uber to obtain 50,000 Tesla electric vehicles through a deal with Hertz

Ride-hailing giant Uber is set to obtain at least 50,000 Tesla electric vehicles as a part of its plan to expand its EV fleet. The announcement comes after Hertz recently ordered 100,000 EVs from Tesla by next year. Through a partnership w....

McDonald’s beats Q3 expectations as higher U.S. prices drove sales

McDonald's Corporation reported increased quarterly comparable sales owing to higher U.S. prices and celebrity-themed meals, however, the business struggled to maintain restaurants running at full capacity due to staffing shortages and ....

Facebook to invest heavily in metaverse after its ad business slumped

Facebook recently announced that it is planning to separate its division that is focused on VR/AR hardware into a new segment, coined as the “metaverse”. The recent development comes after concerns over social media giant’....

Facebook ad revenue could face more brunt over Apple’s privacy changes

After Snap Inc. failed to reach its revenue targets last week, investors are now fearing that Facebook’s ad revenue could also be severely impacted due to Apple’s privacy changes. For those unaware, Apple’s privacy update....

BMW Group to opt for green steel in vehicle production from 2025

As climatic changes and other environmental issues take center stage, the BMW Group, to minimize carbon dioxide (CO2) emissions at the core of its supply chain, has reportedly agreed to use green steel from Swedish firm H2 Green Steel begin....

Renault production may decline further over global chip shortage crisis

For a while now, automobile manufacturers have started cutting production owing to the global chip shortage crisis. One such automaker, Renault, which expects to publish its Q3 sales soon, also announced of producing a minimum of 300,000 fe....

Mark Zuckerberg planning to rebrand Facebook to reflect metaverse focus

There have been many businesses that have rebranded themselves to alter their identity with time. Following the league, social networking giant Facebook is also reportedly planning to rebrand the firm with a new name. On October 28, Chief ....

Apple unveils 16-inch MacBook Pro with high-performance M1 processors

Tech giant Apple, Inc. has recently unveiled the 16-inch MacBook Pro, which promises extraordinary design and performance. The model can be customized with the all-new M1 Pro and M1 Max processors.    These new 10-core proce....