Tag Archives: Stocks

Recently we reported that Electrek, a blog for electric vehicle enthusiasts, published an email that probably has leaked from the company in which Tesla’s CEO Elon Musk writes that Tesla might be able to make 100,000 vehicle deliveries in the third quarter, which would be a record.Be it as it may, Tesla is really trying to fulfill these expectations but with only a day left, some sources say that the company is currently “a few thousand” cars short of the delivery goal.In the leaked email,...

Nasdaq has officially begun taking deliberate steps to stifle as much as possible, initial public offerings (IPOs) of small Chinese companies going public in the U.S. The index, according to a Reuters report, is doing this by slapping several restrictions on these firms and frustrating their efforts for approval. Supposedly, the Nasdaq index is doing this because the majority of these firms usually end up raising most of their initial capital from Chinese backers, rather than investors in the...

Even though it’s world known fact that Apple products are “made in USA” but assembled in China – it didn’t stop US President Donald Trump to impose sanctions to Chinese companies (every and each one of them) including the 34% year-on-year growth and 14% of market share company – Huawei.The year 2019 has not been a good one for Huawei. Everything started with the US accusations of Huawei spying on US corporations. Trump administration then decided to launch a “one-two punch” combo in its fight...

This week was pretty severe when talking about tariffs the US imposed on Chinese goods lifting it every day more and more. When talking about US-China trade war, it’s important to stress out that this is something that started happening already back in the 80’s. However, since Donald Trump is sitting in the White House, the situation is slowly getting out of control – but really.We can all understand that one’s statesman policy can be about buying more local products, tightening import,...

While Facebook is trying to do everything it possibly can to ensure proper regulatory approval before the Libra is launched next year, China’s own digital currency is much closer to its launch. The anticipation for the Chinese digital currency has now had some measurable effect on fintech companies in the country as their stocks seem to be swelling impressively.According to a Reuters report, the China Securities Index Co. (CSI) fintech theme index – an index that follows the major financial...

The initial public offering (IPO) for Peloton Interactive Inc., was launched yesterday with the hopes that the offering will bring much-needed growth to the company which has consistently been recording losses for a while. As we reported yesterday, Peloton announced that it will be offering 40 million shares of its Class A common stock on the Nasdaq, priced at $29 each, in an effort to raise about $1.2 billion. However, Peloton (PTON) investors ended the day disappointed as trading didn’t at...

On Thursday, Tesla rolled out its new software update with a whole lot of new features for its Model S, Model X, and Model 3 owners in the U.S.Among other features, you can find in-car karaoke, entertainment services like Netflix and Hulu, and a feature (for really lazy ones) that lets customers call their cars like they’re summoning a dog – no driver required.Of course, customers who paid for the Full Self-Driving option are higher up on Tesla’s list of priorities, and for them, there will...

Uber is the company known as the one who first has spread on so many ways. There is a ride-hailing business, then scooter sharing and then there is a food delivery – and even though there are Asian companies copying its model, Uber is the only US company that offers these three services (for now).On Thursday they held the launching event in San Francisco where they presented more than 25 changes to its platform among which are combining its ride-hailing app and food-delivery app Uber Eats,...

SoftBank Group Corp., a Japanese multinational conglomerate holding company and the largest investor in WeWork, is currently deliberating on investing an additional $1 billion into the space sharing startup. This deliberation involves the revisiting certain terms in the warrant agreement between the two firms.Before now, SoftBank had concluded terms with WeWork for an investment of $1.5 billion before the company’s issues seemed to intensify, forcing it to discontinue its earlier agreed-upon...

Peloton Interactive Inc., a fitness company popular for its engaging workout routines run on its exercise equipment, has announced on Wednesday, its decision to fix its share price at $29 each, for its initial public offering (IPO). The company’s press release announces that the public offering will begin today September 26 with the “PTON” ticker code and will offer 40 million shares of its Class A common stock.Peloton is looking to raise $1.16 billion with a minimum of $8 billion as the...