Tag Archives: Business News

Tesla has been ramping up installations of its solar tiles roofs (Solarglass) in the United States as it is planning to venture new markets in Europe and also in China.Tesla has been installing its new solar tile roofs alias Solarglass in the San Francisco Bay area to its customers since it launched the program in October last year. According to the Company’s CEO Elon Musk through a series of tweets, the company is looking for new markets in Europe and also in China.Europe & China timing...

More than 300 Chinese firms including Meituan Dianping, China’s largest food delivery company, and smartphone maker Xiaomi Corp are seeking for bank loans totaling at least 57.4 billion yuan ($8.2 billion) to soften the impact of the coronavirus.Approximately 300 Chinese companies are in search of bank loans amid rising concerns on the coronavirus spread.The total of loans banks are asking for is around 57.4 billion yuan ($8.2 billion).The sources told Reuters that the government has totally...

Tesla(TSLA) stock has been witnessing wild trading over the last days as the company announces its decision to resume the production at its Shanghai gigafactory after the delay due to the coronavirus outbreak.Tesla (TSLA) stock has been on the radar of the investors after its massive price surge this year. So far, since the beginning of 2020, the Tesla stock has surged over 90% taking the company valuations close to $150 billion.After an unprecedented surge to $965 levels last week, the stock...

The coronavirus death toll is spreading fears to investors who are trying to turn to gold, the U.S. dollar and also Bitcoin as a safe haven.Investors are seeking safety in gold, the dollars and also Bitcoin as the coronavirus outbreak death toll in mainland China alone hit 1000. The virus has spread in a dozen other countries across the globe, raising a red alert to investors who are wary of the likelihood of an economic recession.As a result of the coronavirus outbreak, big investment...

According to IDC, Chinese consumers may abandon the idea to adopt 5G-enabled phones due to the influence of coronavirus, despite the fact that Chinese makers are offering premium models that take advantage of next-generation networks.With the further spread of coronavirus, Chinese business faces a new challenge. At the end of Q1 2020 that ends in March, China’s smartphone shipments could drop by over 30%.International Data Corporation (IDC) stated:“The coronavirus outbreak impacted the Lunar...

Amazon Web Services (AWS) said in the filing that it wants to depose President Donald Trump, Defense Secretary Mark Esper and former Defense Secretary James Mattis over a $10 billion Pentagon’s JEDI contract awarded to Microsoft.Amazon Web Services (AWS) spokesperson blames United States President Donald Trump for using his executive powers in order “to advance his personal agenda.” They also claim that the example of this was awarding of the $10 billion Joint Enterprise Defense...

While many people are extremely bullish about Tesla (TSLA), some other analysts think that it’s a little too volatile and dangerous at the moment.Tesla stock (TSLA) is very easily one of the world’s most popular stocks, at least as far as 2020 is concerned. Prices have jumped so high recently that it has rattled a lot of the market’s most seasoned analysts and even regular traders and investors. Towards the end of last year, many people slowly became extremely bullish about Tesla’s chances....

One of the Wall Street bulls Edward Yardeni believes that there is currently no bigger threat to the financial market right now than the coronavirus outbreak. The number of death cases is growing.The world already has more than enough evidence that the coronavirus is a big enough market threat. In the very recent past, we have seen the unpleasant effects of the coronavirus on the world’s financial markets. Oil prices also took a beating, as well as several businesses. Even though investors...

With China under the lockdown of the coronavirus outbreak, Airbnb has decided to suspend all bookings in the capital city of Beijing until Feb 29. The company has also issued refunds to all the people who had to cancel them due to local regulatory rules.San Francisco-based real estate rental giant Airbnb has recently all of its check-ins at Beijing listing until March 2020. The recent move comes in accordance with the local regulations which seek to curb the spread of the coronavirus...

L Brands is nearing a deal to sell its Victoria’s Secret brand. The buyer is Sycamore Partners, a private equity firm specializing in retail and consumer investments. The details of the deal have not been revealed.In January, there appeared rumors about L Brands considering selling Victoria’s Secret brand and its CEO Lex Wexner stepping down. According to those familiar with the matter, the acquiring company is Sycamore Partners, a private equity firm specializing in retail and consumer...