Smartphone Giant Xiaomi Beats Estimates After Holiday Boom
(Bloomberg) — Xiaomi Corp. posted a quarterly profit that beat analysts’ estimates after the Chinese smartphone giant defied component shortages to boost sales during the busy holiday season. Most Read from Bloomberg The world’s No. 3 smartphone…
Hargreaves Lansdown shares plunge as pandemic trading boom ends
Like other investment platforms, Hargreaves was boosted by bored Britons trading volatile stocks during lockdown. Wild market swings during the crisis prompted an army of retail investors to mobilise on social media platform Reddit and pile into…
The dark side of India’s startup funding boom
© M. Sriram Rash decisions, insecurity and burnout: The dark side of India’s startup funding boom Chaitanya Ramelingegowda feels nothing. His company, Sequoia-backed mattress startup Wakefit just had its best month- Rs 100 crore of revenue in October…
Deserted Factories Show How China Electric Car Boom Went Too Far
(Bloomberg) — Visitors to Byton Ltd.’s website are greeted with color-saturated images of shiny electric cars gliding along manicured streets. Those paying a visit to the automaker’s factory in Nanjing, eastern China may be less impressed. The…
EV Boom Triggers Bonanza for Machinery-Making Industry
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here. With several territories around the world poised to phase out conventional gas-powered cars in exchange for zero-emission electric…
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…
The Electric Car Battery Boom Has Screeched to a Halt, For Now
(Bloomberg) — Three decades of advances took lithium-ion batteries from powering handheld Sony camcorders to propelling Tesla’s popular electric vehicles. The rapid rise is facing a major test in the Covid-19 pandemic. Demand for rechargeable…
Tesla Euphoria Powers Equity Boom for Electric Imitators
(Bloomberg) — Tesla Inc.’s eye-popping run has left stock prognosticators in the dust, brought smaller imitators along for the ride and triggered a race by entrants new and old to cash in. It’s a phenomenon that alarms valuation experts and even…