Tag Archives: Business News

Everybody is familiar with the name of Bill Gates — an American business magnate, the founder of the world’s largest software business Microsoft, and the second richest man in the world. What is the key to his raving success and how can you receive high money if all you have is $10,000? The answer is in our article.Since the establishment of Microsoft in 1975, Gates has held several positions including those of the chairman, CEO and chief software architect. As early as 1987, he was ranked...

Recently, on Friday, the U.S. Department of Defense (DOD) made it clear that they had chosen Microsoft over Amazon in their $10 billion cloud computing contract, also known as JEDI. With this contract, the Department of Defense will move its database to the cloud. However, this has left Amazon Web Services wondering as they were considered as leaders in the field, and the most likely winner of this contract.“We’re surprised about this conclusion. AWS is the clear leader in cloud computing,...

On Friday, an American automotive and energy giant Tesla announced it had rolled out a new version of its solar roof tile for use at residential homes, V3 Solar Roof. According to Elon Musk, installations will begin in the upcoming weeks, with 1,000 new roofs expected to be produced per week.Tesla first came up with their Solar Roof Tiles in 2017, and the volume production was set to start in 2018. However, the process turned out to be quite slow, and the production was delayed until this...

Over the years, Facebook has had more than its fair share of problems that revolve around the privacy and authenticity of the content found on its platform. There have been many cases of reported breaches causing private data of many of its users to fall into the hands of others, without the users’ consent. There have also been stories surrounding the dissemination of a lot of false or harmful information and even advertisements, on Facebook.On Wednesday, during a biting hearing for...

Photo: FordNearly a year and a half ago, Ford embarked on a mission to invent its first peek of a Mustang-inspired electric. And after several attempts, it’s now prepared to show the globe what “Mustang-inspired” actually entails.The company announced that it would launch the electric SUV on 17th November just before the LA Auto Show.By now, little is known regarding the electric SUV that’s hitting the market year. Besides issuing frequent hints or teaser images. The latest launched webpage...

Ark Investment Management founder and CEO Catherine Wood commented that huge jump in Tesla’s stocks that began yesterday after the company released its earnings is just “the beginning of an eventual rise to $4,000 per share and possibly beyond.”And she might be right, because, even though the earnings were nothing special, they were still better-than-expected and at the stock ended yesterday trading with a rise of 17.67% to $299.68. However, at the time of writing, the stock was in a slight...

Lately, an American real estate company that provides shared workspaces for technology startups WeWork has been experiencing hard times. Because of the crisis, the firm abandoned its IPO plan, forfeited its CEO Adam Neumann, and found itself on the brink of bankruptcy. When WeWork gave up all hopes of survival, a Japanese multinational conglomerate SoftBank stepped in and made an attempt to save the firm with a capital infusion of about $8 billion. As we have reported, Softbank provided the...

The AT&T-backed CNN is allegedly working to found its own news aggregation service that allegedly would be something similar as is Apple News and Apple News+.The project dubbed “NewsCo” will compete with the already existing Facebook‘s and Apple’s domination by offering its consumers one more venue where they can get all possible information both local and global, together with its existing web and broadcast operations.For now, twelve engineers and other executives are working on this...

PayPal Holdings Inc. has announced its earned figures in its quarterly report for the third quarter, showing a notable increase in the company’s volume of total payment. According to its report, the company pulled in a $4.38 billion revenue, representing a 19% increase.Furthermore, the company’s earnings per share also increased, going higher than the proposed estimate by market analysts. Experts had estimated a 52 cents per share earnings but PayPal surpassed this, hitting 61 cents which is...

Tech-giant Microsoft released its earnings report from their first quarter on Wednesday but MSFT stock hasn’t shown any bigger movements. At the time of writing, however, the stock in premarket went up by 0.64% to $137.24.The results were better-than-expected meaning earnings came to $1.38 per share, excluding certain items. Analysts expected $1.25 per share. Revenue was $33.06 billion that was slightly more than analysts’ expectations of $32.23.Revenue grew 14% in the first quarter of...