An investor from Canada has sued Overstock along with its ex-CEO and ex-CFO for securities fraud. He says that the company made false statements and manipulated the stock price.
Tencent has agreed to acquire all the shares belonging to the Norway-based KGJ Capital AS, which is currently the largest shareholder in Funcom.
Tesla is trying to deliver a record 100,000 cars during the third quarter, and with only a day left, sources say that Tesla is currently “a few thousand” cars short of the delivery goal.
Because the Nasdaq is more concerned with U.S. investors, the index has commenced efforts to reduce the number of IPOs it hosts from small Chinese companies. Nasdaq is now very reluctant with approvals and support for these firms.
Google is coming under congressional scrutiny due to its plans to include increased security for Domain Name Servers (DNS) in its popular Chrome browser.
Despite sales falling for the ninth consecutive quarter in Q2 2019, Huawei still managed to take a record 38.2 percent of the market. So, despite the gathering storm clouds on the international horizon, it’s still fair skies in China.
Trump is considering delisting Chinese companies from US stock exchanges. The move would come as part of a broader effort to limit US investment in Chinese companies and partly motivated by security concerns.
China’s fintech stocks are starting to soar ahead of the expected launch if its CBDC. This is driven by the possibility that the digital currency will provide a need for security and payment services.
Peloton’s first day on the stock market was disappointing, to say the least, and it ended as the third-worst IPO performer. PTON stock kept on sliding throughout the day, ending on a much worse note than it started.
Tesla’s Version 10 software update includes Smart Summon, which lets some car owners summon their car, adds connectivity to Netflix, YouTube, Hulu and a ‘Car-aoke’ feature with lyrics to sing along to songs.
Uber announced 25+ changes to its platform on Thursday. Most significant moves include merging its ride-hailing app and food-delivery app Uber Eats, and offering users alternative travel information including bikes, scooters, public transportation, and even helicopters.
Now that Neumann is gone, the SoftBank Group which is WeWork’s largest investor, is considering pumping a lot more money into the troubled startup. The deal, if completed will give SoftBank more control of the company.
The Peloton interactive workout company has announced a share price of $29 each, for its IPO. The company has recorded consistent losses and it is generally hoped that this IPO would change things considerably.
Amazon’s hardware event came with a few surprises this year but with a lot more innovations including a device that can link other devices to enhance the Internet of Things (IoT) in the immediate environment.
The Stock Market has responded positively to Trump’s hint at a possible resolution to the trade war with China. There were modest gains which seem to be unaffected by the current impeachment proceedings against Trump.