The giant car marker, Tesla, reported second-quarter earnings after the bell Monday. The Q2 earnings turned out better than anticipated, and shares increased by nearly 2% after-hours. Tesla reported earnings of $1.45 cents per share, while analysts expected $98 cents per share. The tech maker reported revenue of $11.96 billion, while according to Refinitiv, $11.30 …
Tesla Reported $1.14 Billion in Net Income During Q2 Read More »
China is beating the United States when it comes to innovation in online money. The country is posing challenges to the greenback’s status as the de facto monetary reserve. As we know, about 80 countries are in the process of developing a Central Bank Digital Currency (CBDC). CBDC is virtual money issued by a central …
The Digital Yuan Posing Challenges to the U.S. Dollar Read More »
Stocks of Microblogging’ system Twitter increased after the company reported on Thursday second-quarter earnings that came stronger than analysts had expected. Twitter announced earnings of 20 cents per share, while Wall Street estimated 7 cents. The social media giant’s revenue was 1.119 billion versus $1.07 billion, as expected by analysts polled by Refinitiv. Twitter reported Monetizable …
Twitter’s Revenue Saw the Fastest Surge Since 2014 Read More »
In the previous session, shares of Netflix declined by 4.8%. The slump came after the firm’s second-quarter earnings report. Meanwhile, the stock was down by 4.1%. The second-quarter revenue of Netflix increased by 19% compared to the same period a year ago. The revenue stood at $7.34 billion, slightly above management’s guidance of $7.30 billion …
According to Elon Musk, Chief Executive Officer of Tesla, the company plans to open its network of superchargers to other electric vehicles this year. As we know, Tesla’s network of D.C. fast-charging stations for its electric vehicles is the Tesla Supercharger network. The billionaire Elon Musk posted on his Twitter and informed his followers that the firm …
Tesla to Open Supercharger Network to Other Vehicles Read More »
A new alliance is coming together to confront the global threat posed by cyberattacks sponsored by China. An alliance consists of NATO member states. The United States, with allies, including the European Union, Britain, Canada, Australia, New Zealand and Japan, are blaming China’s Ministry of State Security for a massive cyberattack on Microsoft Exchange email …
U.S., NATO and EU Accuse China of A Cyberattack on Microsoft Read More »
According to analyst company Canalys, Chinese smartphone gigant Xiaomi was the second-largest smartphone maker in the second quarter of 2021, overtaking Apple. Lei Jun, Xiaomi CEO, posted on Weibo on Thursday, saying that he has incredibly good news to share. He informed his followers that Xiaomi’s phone shipments surpassed Apple and became world’s second-biggest smartphone …
Xiaomi overtakes Apple and becomes No 2 smartphone maker Read More »
As we know, DiDi Global Inc.’s ride-hailing services removal from app stores in China has spooked riders and drivers. Meanwhile, rivals are trying to chip away at the company’s market share as DiDi faces a crackdown from regulators. Remarkably, DiDi Global, a Chinese vehicle for hire firm, is a leader, holding 90% of the market. …
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