Tesla, posting a crucial profit, unveils Austin factory plan
With Tesla crossing a key financial milestone and enjoying a dizzying climb in the value of its stock, the company is treating itself to a splurge: a new factory. After months of speculation and unconfirmed reports, Chief Executive Elon Musk previewed…
Singapore’s Vision to Attract Tech Listings Met With Skepticism
(Bloomberg) — With its new pact with Nasdaq Inc., Singapore Exchange Ltd. has thrown its hat into the ring to attract listings from the world’s hottest sector. But skepticism abounds over whether this strategy will succeed. The Singapore exchange…
STMicro Raises 3Q and FY Guidance on Improved Market Conditions
(Bloomberg) — STMicroelectronics NV, the chipmaker that supplies Apple Inc. and Tesla Inc., raised both its third quarter and full year revenue forecasts as it sees “improved market conditions” through the end of the year. The company said…
Tesla is poised to join the S&P 500 after turning another profit; Elon Musk says its cars will become ‘5x more valuable’
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Tesla reported its fourth quarterly profit in a row Wednesday, positioning the electric-car maker as a leader in an…
Tesla shares soar after positive earnings report and news it will build its Cybertruck in Austin, Texas
Tesla took another shot at its skeptics by delivering solid second-quarter earnings — and its fourth consecutive quarterly profit — even amid the coronavirus pandemic. The California-based automaker also announced on Wednesday that it will move ahead on…
Asia’s Hottest Tech Stock Soars 713% With Buy Now, Pay Later Platform
(Bloomberg) — The hottest stock in Asia since markets hit their nadir in March amid the peak of the coronavirus impact is an Australian payment company that is seeking to cash in on the global change in spending habits. Installment payment platform…
The Best Digital Cameras We’re Using Right Now
Click here to read the full article. Smartphones have allowed billions of people around the world to take pictures, and share them with friends, family, and even strangers on social media. The cameras in our smartphones are getting more sophisticated…
A year after diplomatic tussle over Greenland, Pompeo visits Denmark
Copenhagen (AFP) – Rival interests in the Arctic topped the agenda when the US Secretary of State visited Denmark Wednesday, a year after the countries butted heads over President Donald Trump’s offer to buy Greenland. Following a visit to…
Tesla hits milestone in reporting a profit for its fourth straight quarter
Tesla reported a profit for the fourth straight quarter on Wednesday, surpassing a key milestone for the perennially loss-making electric car company. The company reported net income of $110m for the second quarter with a net profit of $104m, which it…
Katy Perry, David Guetta, Steve Aoki Preview Tomorrowland Around the World Virtual Festival
Click here to read the full article. Tomorrowland Around the World performers Katy Perry, David Guetta, Steve Aoki, Nervo and Dimitri Vegas joined Tomorrowland co-founder Michiel Beers and moderator Sean Dhondt in an online press conference today to…