Latest Articles
Elon Musk Says Tesla Will Produce 20 Million Electric Vehicles a Year Before 2030
By Darya Rudz
• 3 mins read
According to Elon Musk, within the next seven years, he expects Tesla to produce over 20 million new vehicles per year. As he said, five years would also be enough, but under the conditions given, reaching this figure is “possible, but unlikely.”
ByteDance Applies for Tech Export License in China amid Country’s New Requirements
By Darya Rudz
• 3 mins read
ByteDance is now in talks with Oracle Corporation and Walmart Inc over the acquisition of TikTok. Approval of both the U.S. and Chinese governments is necessary.
TransferWise Reports Strong Growth and New Customer Records in Fiscal Year Ending March 2020
By Darya Rudz
• 3 mins read
The latest TransferWise’s valuation totaled $5 billion, after the secondary share sale that saw investors buy equity from employees and early backers. However, the company has not yet been listed on an exchange.
SFIX Stock Tanked More Than 16% after Stitch Fix Reported Huge Q4 Loss
By Darya Rudz
• 3 mins read
Following the company’s report, its shares dropped. SFIX stock closed at $31.38 per share yesterday, or 7.95% up. However, in prolonged trade, it lost as much as 16.35% to $26.25.
Stocks Plunge, S&P 500 Faces Worst September since 2011: What’s Up on Market?
By Darya Rudz
• 3 mins read
On Friday, the S&P 500 index closed 1.12% or 37.54 points down, at 3,319.47. The close was below S&P 500’s 50-day moving average for the first time since April. At the moment of writing, it is even lower, at 3264.41.
ONTOSWAP: First Ontology-Based Cross-Chain Decentralized Exchange to Revolutionize DeFi World
By Darya Rudz
• 4 mins read
ONTOSWAP will be launched in three steps. Version 1.0 will be launched at the very beginning of next month together with liquidity mining after the start of token sales. Versions 2.0 and 3.0 will go live later.
ChargePoint Preparing to Go Public through Reverse Merger
By Darya Rudz
• 3 mins read
For ChargePoint, a reverse merger is an attractive opportunity to go public and a good strategic option. According to internal sources, the deal could value the company at over $2 billion.
GE Stock Jumps 10% on General Electric’s Positive Cash Flow Expectations in Second Half of 2020
By Darya Rudz
• 3 mins read
As analysts predict, General Electric’s full-year cash burn will total about $2 billion, which means $1 billion in positive free cash flow over the second half of the year.
Robert Kiyosaki Calls U.S. Bankrupt and Says Bitcoin Will ‘Crash’ after COVID-19 Vaccine Is Found
By Darya Rudz
• 3 mins read
Kiyosaki has always been supporting Bitcoin. In August, he urged Twitter followers to buy the crypto before a “major banking crisis”. Now, while Bitcoin is gaining strength as a long-term investment, Kiyosaki calls the public to buy it again.
FedEx Stock Soars 9% in Pre-market on Better-than-Expected Fiscal Q1 Earnings
By Darya Rudz
• 3 mins read
As FedEx has said, its good performance resulted from strong demand in its services, volume growth in its international priority, and U.S. domestic residential package services.