Tesla CEO Elon Musk indicated on Friday that the company will make a foray into India in 2021. Meanwhile, TSLA stock is down in the pre-market today.
Twilio is yet to surprise the markets and investors hinting at higher than expected revenues in its latest filing with the SEC. The company also announced new products and initiatives at its recently held Signal conference.
Goldman Sachs and Numis acted as joint placement agents to Cazoo in the funding round as the firm looks to use the funds to boost its marketing.
Nikola (NKLA) stock closed 17.72% up following the company’s claims to maintain its production timeline. However, it is still unable to erase the over 35% loss suffered since the whole Hindenburg Research saga.
President Trump and the First Lady tested positive for COVID-19 a few days after the first presidential debate with Democratic presidential candidate, Joe Biden.
Pushing forward its development with digital currencies, the ECB has applied for a trademark of the “Digital Euro”. The central bank will soon release its assessment for the use of Digital Euro and its impact on the region’s economy.
PepsiCo reported revenue of $18.09 billion versus the anticipated $17.23 billion. PEP shares haven’t been significantly affected.
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.
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.
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.