Technology

Subaru

Subaru Reveals Solterra, its First-All Electric Car

On Thursday, Japan’s Subaru revealed its first-all electric car, Solterra, the outcome of a two-year joint development agreement with Toyota Motors.  Accordingly, the launch came amid the rising demand for electric vehicles (EV) as regulators worldwide tightened environmental directives to reduce carbon emissions.  In line with this, the technological change from the traditional internal combustion …

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jd.com

JD.com Racks Up $48.70 Billion in Sales on Singles’ Day

On Thursday, Chinese e-commerce giant JD.com smashed its last year Singles’ Day record as it racked $48.60 billion in sales on its platform. Accordingly, the stated figure referred to the transaction volume, the amount of money operated on its platform. In addition, it does not equate to the company’s revenue, still it reflects the increased …

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TMN - Google

Google Loses Key Appeal on Antitrust Battle with EU

On Wednesday, The European Union General Court upheld the antitrust ruling against Google, dismissing the key appeal of the tech giant.  Accordingly, the EU explained that the European Commission, the executive arm of the EU, made the right decision on fining the firm.  Remarkably, this represents a landmark moment for EU policy that could affect …

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roblox

Roblox Stocks Skyrocketed after Reporting Solid Q3 Results

On Tuesday, shares of Roblox Corporation skyrocketed in the post-trading after reporting solid third-quarter 2021 results.  Accordingly, the video game developer boosted 28.19% or 21.71 points to $98.71 per share. It significantly rallied from its Monday low of 1.27% or 0.99 points to $77.00 per share.  Founded last 2006, Roblox is a technology company that …

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tesla

Tesla Stocks Skid after Twitter Users Back Stake Sale

On Monday, Frankfurt-listed shares of Tesla skidded after followers from Elon Musk’s Twitter poll backed the selling of his stake.  Accordingly, the world’s most valuable car company declined 7.33% or 95.34 points to $1138.06 per share. It trailed its loss of 0.34% to $1237.33 per share last Friday.  On Saturday, Tesla CEO Elon Musk tweeted …

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Uber

Uber Releases its First Adjusted Profit

Uber Technologies Inc. on late Thursday posted its third-quarter earnings, marking its first profitable quarter on an adjusted basis as a public company.  In the latest report, its revenue climbed 72.00% year-over-year to $4.80 billion, surpassing the market estimate of $4.50 billion.  According to Uber, it gained a $123.00 million accrual release in line with …

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TMN - Qualcomm

Qualcomm Stocks Hike on Strong Q4 Fiscal 2021 Earnings

Stocks of Qualcomm surged in extended trading after the semiconductor company reported stronger than expected fiscal fourth-quarter earnings.  Accordingly, the biggest supplier of chips for mobile phones soared 7.52% or 10.42 points to $148.90 per share in the after-hours.  Subsequently, it supported its Wednesday gain of 2.40% or 3.25 points to $138.48 per share.  In …

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kakao pay

Kakao Pay Stocks Climbed in Debut on Growth Prospects

On Wednesday, shares of South Korean fintech company Kakao Pay nearly doubled on its debut as its growth prospects enticed investors. Accordingly, the firm opened at $152.40 per share on the KOSPI against an IPO price of $76.20 per share. Then, it surged a total of 156.00% as it closed to $163.35 per share. Remarkably, …

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