In a major overhaul, Bank of America has announced several changes in its management. This is the revamp under the 12-year tenure of Chief executive officer Brian Moynihan. As part of the changes, the bank will see five new members of the senior management team is elevated. This would include three women. In a memo […]

JPMorgan Chase & Co has agreed to acquire the restaurant review platform The Infatuation which owns Zagat. Infatuation had purchased Zagat in March 2018. The platform is famous for sharing reviews and recommendations about restaurants and help people find the best restaurant near them. The platform, which is just over a decade old, had started […]

In a major decision, ride-hailing apps Lyft and Uber have decided to help drivers who get sued under Texas anti-abortion law. The companies said that they will pay legal fees to drivers who are sued under the newly enacted abortion law. The new law bans abortion once a heartbeat is detected after around six weeks […]

Top executives of a New York hedge fund have agreed to settle a tax probe against them by paying around USD 7 billion in back taxes. Executives of Renaissance Technologies will have to pay back taxes as part of the settlement. Moreover, their spouses too have agreed to penalties. The taxes related to trades made […]

In a major development, Ford Motor has hired former Apple executive Doug Field, who was rumored to lead tech giant’s Titan car project. The carmaker said that Field, who has extensively worked with Tesla and led the development of Model 3, will work as the company’s chief advanced technology and embedded systems officer. The field […]

When it comes to streamed content, Disney has decided to take a fresh start over the following year, Hotstar U.S. will be phased away. Alternatively, Disney will rebrand Hotstar’s sports entertainment programs into ESPN Plus and Hulu for the U.S. market. Hotstar subscribers in the U.S. may convert their service to the Disney package, with enough […]

U.S. forces have completed their departure from Afghanistan, the Pentagon announced on Monday, 30th August 2021, officially concluding a two-decade-long war that began shortly after the 9/11 terrorist attacks. The statement issued by the Pentagon was followed by a remark from President Joe Biden, in which he praised American soldiers, and said that he will […]

Ideanomics has been on an acquisition spree this year. The company has aggressively acquired mobility business in 2021 and now it is adding Via Motors to its list. The fintech and electric mobility firm has entered into an agreement to acquire VIA. The deal is an all-stock transaction. The deal valued VIA at USD 45 […]

The Taliban now has possession of billions of dollars worth of U.S. equipment and weapons, including light guns, military trucks, vans, planes, and UAVs, etc. Post the mediation of surrendering Afghanistan’s military divisions over the second half of august, 2021. However, in the midst of the disarray, American authorities are unsure about exactly how much […]

Tesla is planning to start a new business. Tesla is a leading electric vehicle maker. It is also a clean energy company. Apart from manufacturing electric vehicles, it develops equipment for clean energy. It makes solar panels. It also makes systems for energy storage. It focuses on both residential and business needs. The company is […]

Amazon is the latest entrant in the list of companies who are offering delayed pay arena. For this, the e-commerce giant has announced a partnership with the popular financial company Affirm. With this, Amazon will offer a ‘pay-over-time’ option to buyers purchasing products online. The offer is available to only some customers at the moment. […]

Facebook recently released a content transparency report but did not make public the most viewed post by users in the United States for the last quarter. Facebook apparently buried a similar report for the first quarter of this year because the company feared that it would have made the social media giant look bad. Facebook […]

Toys R Us has seen some rough years but it is all set to make another comeback. This time it is doing so in partnership with Macy’s. The development comes as Macy’s has seen a surge in toy sales during the coronavirus pandemic. The iconic retail brand has therefore decided to strengthen its presence in […]

Leading electric vehicle maker Tesla has announced a change in its non-refundable order fee. The company said that it has raised the fee. It will now charge customers more than two times the existing fee. Tesla’s increased non-refundable order fee stands at USD 250 after the hike. Tesla, headquartered in California, has updated its revised […]

Despite representatives of the US Congress debating for well over 50 hours on the subject of the $1 trillion infrastructure package, all 2,700 pages of the bill, it still is not guaranteed to get passed. However, it is not simply its enormity that makes it noteworthy. The bill was approved 69-30 majority by 100 members […]

The semiconductor shortage is something that was least expected as the outcome of the coronavirus crisis. This has affected the production of almost everything. Such has been the impact that many governments are considering to start production in their countries. This is crucial as so far Taiwan has dominance over the semiconductor industry. So much […]

It seems Facebook could be forced to sell online image platform Giphy, which it purchased for USD 400 million. Giphy is a platform that lets people express their feelings through animated images commonly known as GIFs. The UK regulators feel that the acquisition of Giphy by the social media giant would harm competition. The Competition […]

Sinclair Broadcast Group has not been able to resolve a dispute with satellite TV provider Dish. As a result, DISH Network could drop more than 100 channels of the media company. Baltimore-based Sinclair said that the agreement between the companies is expiring on August 16. It is very unlikely that they would agree to any […]

Billionaire Bill Gates has transferred around USD 2.4 Billion worth of stocks to his ex-wife Melinda French Gates. This was part of the process of dividing assets as their divorce has now been officially finalized. After this transfer of stock, Microsoft co-founder Gates has dropped to the fifth position in the real-time billionaire ranking list […]

Chinese smartphone maker Xiaomi has no presence in the United States. Despite this, the smartphone maker has left behind Samsung and Apple to become the best smartphone selling brand globally. It had recently dethroned Samsung in the European market. According to Counterpoint, Xiaomi had 17.1 percent of the total market share globally in June. Its […]