Late News This information from last news on the day

SoftBank stock rides Uber and DoorDash to 20-year high

SoftBank Group Corp. rose to a fresh 20-year high as the recent stock market surge boosted the value of holdings like Uber Technologies Inc. and brightened the prospects for portfolio companies going public.

The U.S. ride-hailing pioneer recovered from stumbles after its initial public offering last year and its shares have gained more than 70% this year. Softbank’s 13% stake is worth about $11 billion. The Japanese company is also a major shareholder in U.S. delivery giant DoorDash Inc., which filed to go public this month. SoftBank’s stock gained 2.3% to 7,250 yen on Friday, the highest level since March of 2000 in the midst of the dot-com boom.

Citigroup Inc. earlier this week raised its target price on SoftBank to 11,000 yen from 10,200 yen, citing improved earnings prospects at the Tokyo-based company’s investments business. Nomura Holdings Inc. raised its target to 9,100 yen from 8,190 yen citing the … Read More

Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi By Cointelegraph

Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi

The PlusToken controversy, which has led to the arrest of 109 individuals so far, has also reportedly resulted in a titanic seizure of crypto assets by Chinese authorities worth $4.2 billion at today’s prices.

According to court filings released publicly on Nov. 19 and posted by The Block, authorities seized a staggering 194,775 (BTC), 833,083 Ether (ETH), 1.4 million (LTC), 27.6 million , 74,167 , 487 million , 6 billion Dogecoin (DOGE), 79,581 (BCH) and 213,724 Tether (USDT) from seven individuals convicted in the case.

Continue Reading on Coin Telegraph

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When second stimulus checks could arrive if Biden strikes a deal

For months Democratic and Republican leaders have failed to reach an agreement for another COVID-19 relief package, which would include items like a second round of $1,200 stimulus checks.

But staffers on Capitol Hill expect that breakthrough to come shortly after the inauguration of President-elect Joe Biden on January 20.

And if that economic aid package includes another round of stimulus checks, here’s when Americans could expect to actually get the money.

If the last go-around is any indication, the first of the checks would start to be deposited within two weeks of the legislation passing. After the passage of the $2.2 trillion CARES Act on March 27, Americans started to receive their stimulus checks as early as the week of April 13.

The long waits shouldn’t happen this time. Back in the spring, millions of Americans, including those on Social Security, saw their checks delayed until they provided additional information. … Read More

Britain and other nations press on with AstraZeneca vaccine amid trial questions By Reuters

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© Reuters. FILE PHOTO: Britain’s Health Secretary Matt Hancock attends a media briefing at Downing Street, amid the coronavirus disease (COVID-19) outbreak, in London

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By Alistair Smout and Karen Lema

LONDON/MANILA (Reuters) – Britain asked its regulator on Friday to assess AstraZeneca (NASDAQ:)’s COVID-19 vaccine for a possible rollout, while the Philippines and Thailand secured millions of doses, giving the shot a vote of confidence after experts raised questions about trial data.

The UK government, which has secured 100 million doses of the vaccine developed by AstraZeneca and Oxford University, has targeted a rollout to begin before Christmas.

“We have formally asked the regulator to assess the Oxford/AstraZeneca vaccine, to understand the data and determine whether it meets rigorous safety standards,” British Health Secretary Matt Hancock said.

“This letter is an important step towards deploying a vaccine as quickly as safely possible.”

In the global race to develop

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The Supreme Court will decide: Can Big Chocolate be blamed for child slavery?

The rocky and tense transition of presidential power isn’t the only Washington drama with global implications these days. On Tuesday, another years-in-the-making conflict will play out at the Supreme Court, when the nine justices finally consider whether Nestlé and Cargill are responsible for the use of child slavery on cocoa farms in West Africa.

The case could potentially deliver a huge blow to the companies’ public images, in the face of mounting concerns over how chocolate is produced.

No one disputes how bad conditions are on those farms, and the Supreme Court briefs filed by the cocoa workers’ lawyers make for chilling reading—a tale about horrific abuse of children, for the benefit of global commerce. But the question before the Supreme Court is: Are chocolate companies to blame for that?

The case against Nestlé—the world’s biggest food producer—and Cargill, one of the biggest privately traded U.S. companies by revenue, has … Read More

Maserati to electrify entire line-up in next five years

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© Reuters. FILE PHOTO: Maserati unveils its new MC20 super sports car

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MILAN (Reuters) – All vehicles of Fiat Chrysler’s premium brand Maserati will be electrified, either hybrid or full-electric, in the next five years, the unit’s chief executive said on Thursday.

Maserati’s new SUV Grecale, to be released next year, will be initially offered both in a combustion-engine and in a hybrid version, Davide Grasso said during a fashion web event organised by Italian daily Milano Finanza.

“The new Gran Turismo and Gran Cabrio models will be electrified too, all our line-up will be electrified in the next five years,” Grasso said.

A full-electric version of the Grecale SUV is expected at a later stage, Maserati has said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices
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