The 400% Tesla Rally Was Only The Beginning Of The EV Boom
The fate of the $2-trillion auto industry is now sealed: In this double disruption that’s defying the global pandemic, Tesla (NASDAQ:TSLA) has gained over 433%, sailing past a $1,500 share price and a $300-billion valuation. And absolutely everyone tied…
Canon Plunges Most in Eight Years After First Quarterly Loss
(Bloomberg) — Canon Inc. slid to a two-decade low after reporting its first quarterly loss, as the Japanese icon struggled with potentially the worst global downturn since the Great Depression. Its shares slid as much as 11.5%, the biggest decline…
Stock futures open higher ahead of Big Tech hearing, Fed meeting
Stock futures opened higher Tuesday evening ahead of an eventful Wednesday, during which Big Tech executives will testify before Congress and the Federal Open Market Committee will release its July monetary policy statement. A host of quarterly corporate…
TransferWise valued at $5bn as New York hedge fund buys stake
TransferWise founder and chief executive Kristo Kaarmann. Photo: TransferWise Financial technology business TransferWise has been valued at $5bn (£3.9bn) in a secondary share sale, confirming its position as one of the most valuable private financial…
Revel suspends NYC scooter service after two fatal crashes
NEW YORK — Ridesharing scooter startup Revel said Tuesday it is suspending operations in New York City after a second fatal crash in less than two weeks. Revel tweeted that service “will be shut down until further notice” as it reviews safety and rider…
Stock Market News for Jul 28, 2020
Possibility of a coronavirus rescue program and positive expectations about tech earnings helped benchmarks close higher on Monday. Investors now brace for a momentous tech earnings week, with reports due from Facebook, Amazon, Alphabet and Apple to name…
The Best Charging Accessories for Your Phone, Tablet and Laptop
Click here to read the full article. It doesn’t matter how powerful your phone, tablet, or laptop is if it runs out of power. External battery packs, wireless chargers, and fast chargers are everywhere, but it’s important to pick the right ones for your…
Quibi Pulls Out 10 Emmy Nominations In Much-Needed Bright Spot For Startup
Click here to read the full article. Quibi, the Jeffrey Katzenberg-led streaming player whose early path has been altered by COVID-19 and other challenges, drew 10 Emmy nominations Tuesday in a rare moment of validation for the startup. The company,…
Lawmakers keen to break up ‘big tech’ like Amazon and Google need to realize the world has changed a lot since Microsoft and Standard Oil
House lawmakers are grilling the four CEOs on July 29. AP Photo Big tech is back in the spotlight. The chief executives of Amazon, Apple, Facebook and Google are testifying before Congress on July 29 to defend their market dominance from accusations…
Revel suspends NYC scooter service after 2nd fatal crash
NEW YORK (AP) — Ride-sharing scooter startup Revel said Tuesday it is suspending operations in New York City after a second fatal crash in less than two weeks. Revel tweeted that service “will be shut down until further notice” as it reviews safety and…