The giant carmaker Tesla announced that it delivered 201,250 vehicles in the second quarter of the year. The quarter’s deliveries dropped short of expectations. According to estimates compiled by FactSet, analysts were anticipating Tesla to deliver about 207,000 cars during this period. Shares of the carmaker were roughly flat in premarket trading Friday. The company produced …
On Thursday, July 2, US carmakers posted a sharp increase in their second-quarter sales due to strong demand for SUVs. The firms added that this trend should continue next year as more people are shifting to private vehicles due to the spreading Coronavirus. Also, several automobile companies are up to launching their electric vehicles (EVs). …
US Car Makers Posted Higher Q2 Sales, Toyota Beats GM Read More »
A bond is simply a loan made by an investor to a borrower such as a company or government. A bond could be conceived of as an IOU between the lender and borrower that includes the details of the loan and its payment. The borrower takes the money to finance its operations, and the investor …
On Wednesday, June 30, Krispy Kreme lowered its IPO price to $17 each, below its recent range of $21 to $24. The new initial public offering price will raise the company about $500 million from 29.4 million shares. According to the U.S. Securities and Exchange Commission, the doughnut business plans to raise about $640 million …
Krispy Kreme IPO Price Lowered $17 Each to 29.4 M Shares Read More »
On Wednesday, June 30, Japanese stocks crashed amid worries about the COVID-19 Delta variant as a Ugandan Olympic delegate tested positive. The Nikkei 225 plummeted 0.07%, with a net change of $21.08, sending the stocks to the bottom at $28,791.63 per share. Meanwhile, the Nikkei Volatility fell 1.90% or 0.34 points at $17.52. In addition, …
Japan Stocks Crashed Amid Delta Variant Concern, Asia Up Read More »
On Monday, June 28, Facebook Inc hit over $1 trillion market capitalization for the first time after a judge vetoed FTC’s antitrust complaints. Last December 2020, the U.S. Federal Trade Commission and a coalition of state attorneys general accused the social media firm of breaking the antitrust law. The bloc sought to force Facebook to …
Facebook Hit $1T Market Cap as Judge Vetoed Antitrust Claim Read More »
On Monday, June 28, most stocks in the Asia Pacific region fell as the COVID-19 Delta variant continued to surge. The Japanese Nikkei 225 and South Korean KOSPI both plummeted 0.07% or 18.76 points to 29,047.42 and 0.04% or 1.26 to 3,301.58, respectively. Also, Australia’s S&P/ASX 200 sank 0.08% or 5.90 points to 7,302.10 as …
Asia Pacific Stocks Fell as COVID-19 Delta Variant Surged Read More »
Panasonic was seeking to reduce its dependence on Tesla. Hence, on June 25, the former announced that it had sold its entire stake in the EV maker for $3.61 billion last fiscal year. In addition, it is also aiming to raise cash to fund its new strategic investments. Initially, Panasonic bought 1.4 million of Tesla’s …
Panasonic Sold Its Entire $3.6 Billion Tesla Stake Read More »
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