The H&M group plans to shut down hundreds of stores next year due to a decline in sales and an increase in online shoppers.
Previously, the starting price for Model 3 sedans produced at Tesla’s Shanghai factory with a standard driving range was 271,550 yuan. Now, it will cost 249,900 yuan (or $36,805).
The Coinbase CEO Brian Armstrong said that internal political and social activism distract employees from the company’s core mission and cause. Armstrong’s comments have sparked a debate while getting mixed responses from other industry veterans.
Before October 20, the parties have to file either a joint proposal for Kik’s investors, or a document with a proposal on how to proceed.
The initiative by Swipe and Marqeta will attract a lot of customers which will pose a huge competition to the traditional financial institutions that are centralized and overcollateralized in the loaning business.
The Tokyo Stock Exchange (TSE) noted that the system glitch was due to a failed switch over to backups following a hardware breakdown.
Shares of Palantir (PLTR) jumped over 30% on a listing day at the New York Stock Exchange. However, a technical glitch on Morgan Stanley’s Shareworks platform prevented company alumni and employees from selling their shares.
While the broader markets ended the Wednesday trading in positive, uncertainty still hovers around Wall Street as stimulus talks have been pushed further on Thursday. Analysts expect the market to remain volatile until the U.S. Presidential Elections on November 3.
Both Palantir and Asana have gone public using the direct listing process instead of the traditional IPO method.
Moderna (MRNA) stock has positively reacted to the news about good results shown by the company’s COVID-19 vaccine candidate.
Alibaba is expecting its cloud business to yield profit in the current fiscal year. The company is now reworking the cloud arm for growth.
A leaked memo from the company to its U.S. dealers indicate that Ford will be slashing prices for its all-electric Mustang Mach-E.
According to Sensorium Galaxy, all Guetta’s performances will be hosted at the PRISM world. This a hub for music events developed in partnership with Yann Pissenem, CEO and Founder of The Night League as well as creator of the world-leading nightclubs Hï Ibiza and Ushuaïa Ibiza.
Hasbro (HAS) shares were up 8.39% in the past three months and managed to climb approximately 7.67% in the past five days.
The JPMorgan settlement case has expectedly resulted in the firm’s shares losing 81 cents (0.84%) of their value on Tuesday.