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Tag Archives: Market News

Tesla Reaches Agreement with German Authority for Gigafactory Construction near Berlin

According to a recent report from Bloomberg, Tesla is making interesting strides with its car factory as it has now inched very close to erection. Per a statement from the Brandenburg state government, authorities have agreed to the terms of a contract between both parties, for the sale of land in Grunheide, a municipality close to the capital. The land near Berlin is 300 hectares large (741 acres) and will house the gigafactory that will be built by Tesla.Apart from the terms stipulated in...

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Stocks of Chipmaking Companies Emerge as Top Performers of the Decade

Over the last decade, specifically after the 2008 global economic recession, chipmakers have emerged as the best performing industry across sectors and regions. The latest industry report shows that the chipmaking industry witnessed a 377% growth in the last 10 years. This is double the growth of the S&P 500 during the same period.This shows that the semiconductor industry remains at the core of this rapidly changing technology. Despite new technologies like AI, blockchain, ML, and others...

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Google Acquires Game Developer Typhoon Studios to Boost Its Stadia Platform

Tech giant Google seems to be putting a special focus on boosting its Stadia games and entertainment platform. On Thursday, December 19, Google announced acquiring the Montreal-based game development platform Typhoon Studios.Typhoon is a very young platform that started just three years back. The Studio has scheduled its first and upcoming release dubbed “Journey to the Savage Planet” in January 2020. Besides, the title shall be available on multiple platforms. Also, it is very much likely...

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Nike’s Quarterly Earnings Rise by 35% Driven by Jordan Sales

Footwear maker Nike’s quarterly earnings have risen by 35%. Fans of the limited edition Jordans brands have been going to the stores and have even ordered clothing online. According to the earnings release, the footwear maker indicated that the Jordan brand just hit its first billion dollars in one quarter buoyed by innovation in designs and increased attention given by the shoppers to the basketball-related activities in niche markets that include international sales and women’s basketball...

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This Is Why the Stock Market Is Not Affected by Donald Trump’s Impeachment by the House

On the 24th of September, the Speaker of the United States House of Representatives announced an official impeachment inquiry opened against sitting President Donald Trump. The issues against him ranged from obstructing Congress to some foul play in his recent dealings with the president of Ukraine, Volodymyr Zelensky. Even though Trump is yet to be removed from office, the president has now been impeached by the House and reactions have begun to pour in. Interestingly the stock market has...

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Gold Will Break Out Further in 2020 but What about Bitcoin?

Gold bugs certainly have had quite the field year in 2019. The price of gold, even though it’s had ups and downs like pretty much every other asset, has still brought in significant year-to-date (YTD) returns so far. The price behavior might be seen by gold bugs, especially those who are anti-Bitcoin, has a feather in the yellow metal’s hat, against Bitcoin, especially recently.2019 was an interesting year because of quite a few factors. These factors including trade problems, cross-border...

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Tesla Stock Is Unstoppable, Will It Reach $420?

Tesla stock seems to be unstoppable in the last few days. At the time of writing, the stock just hit a record high, rising 2.39% to $402.67. This puts the company close to that $420 figure that costs its CEO Elon Musk $20 million in fines with the Securities and Exchange Commission (SEC). When the stock reaches $420, Musk said Tesla will go private.Since Tesla announced a surprise profit in the third quarter, the stock has been on a rise. It finally recovered from its problems caused mostly...

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WeWork Sells Managed by Q Unit at an Incredibly Low Price

The U.S.-based provider of shared workspaces for technology startups and services for other enterprises WeWork sells Managed by Q unit acquired earlier this year. As the company’s spokesperson stated, the sum of purchase made up about $220 million at that time, however, now the deal will cost less than a quarter of this price.According to Bloomberg, the decision to sell Managed by Q results from WeWork’s need to cut its costs and unload assets. Currently, WeWork is in private talks with...

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U.S. President Donald Trump Impeached by the House, Stock Market Investors Aren’t Worried

U.S. President Donald Trump becomes the third president in history to be impeached by the House. The announcement came on Wednesday, December 18, when the Democrats voted for two articles – obstruction of Congress and abuse of power.This historic vote comes after the House Democrats conducted an inquiry into Trump’s dealings with Ukraine. The impeachment process isn’t over yet though. The proceedings now move to the Senate for the next trial. Thus, the Senate holds the final decision if it...

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Tesla Is Going to Lower Price for Its China-Produced Sedan

Automaker giant Tesla Inc. announced a price decrease for its Model 3 sedans that are built in China by 20% or more next year. Sources familiar with the situation told Bloomberg that Tesla hopes this move will attract new (and old) customers.However, it is not easy to just cut costs. Still, Tesla has an idea. It will try to bring it down by using more locally produced parts, allowing it to import fewer components and avoid tariffs in that way.New, lower prices might start at 355,800 yuan...

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