GM Cruise raises $1.15 billion from SoftBank and Honda

GM Cruise, the self-driving vehicle company, has managed to raise $1.15 billion in new equity from a group of investors the likes of which include T.Rowe Price Associates, SoftBank, Vision Fund, Honda and it’s parent company GM. The company is pushing to launch a fully functional ride-hailing service this year. The investment increases GM Cruise’s… Read More GM Cruise raises $1.15 billion from SoftBank and Honda

Trump tariff threats against China make oil prices fall

President Donald Trump said he will be sharply increasing tariffs on Chinese goods this week, another bold and unexpected move that sent investors into turmoil. Get it? Turm-oil. You’ll get it later. This announcement by the president caused oil prices to drop on Monday as his decision could jeopardise trade talks between two huge economies.… Read More Trump tariff threats against China make oil prices fall

Beyond Meat raises share price target range ahead of IPO thanks to demand

Vegan burger and meat alternative brand Beyond Meat Inc announced on Wednesday that they’ll be changing their initial public stock offering from $19 to $21 per share to $23 to $25 per share. This, they said, is a reflection of the increased demand of the stock among investors. The change would value the company at… Read More Beyond Meat raises share price target range ahead of IPO thanks to demand

Uber’s self-driving vehicle sector secures a $1 billion investment before IPO

Image -From left to right, Hiroyuki Wakabayashi (Denso), Eric Meyhofer (Uber ATG leader), Dara Khosrowshahi (Uber CEO), Shigeki Tomoyama (Toyota), and Ervin Tu (SoftBank Vision Fund) – courtesy: Uber Uber Technologies Inc has secured a $1 billion investment from three Japanese companies and with their IPO scheduled for next month this could be a great… Read More Uber’s self-driving vehicle sector secures a $1 billion investment before IPO

Canopy Growth to buy Acreage in $3.4 billion cannabis deal

Canopy Growth Corp announced on Thursday that they’ve secured the right to buy Acreage Holdings Inc in a deal worth $3.4 billion once the United States legalises the production a sale of cannabis throughout the country. As it stands the recreational use of cannabis is legal in 10 states and the District of Columbia as… Read More Canopy Growth to buy Acreage in $3.4 billion cannabis deal