Charles Schwab will be eliminating its online trading commissions for U.S. stocks, ETFs starting on October 7. The move slashed Schwab stock by 9.7%.
Tesla is acquiring AI startup DeepScale. Forrest Iandola, DeepScale’s CEO, said on LinkedIn that he joined Tesla’s Autopilot team, which has lost many executives and engineers to companies like Nvidia, GM Cruise, Google, Lyft, and more.
Mark Zuckerberg said that if the Democratic Presidential candidate Elizabeth Warren was to come to power, and pursue her agenda of breaking the Big Tech companies, Facebook won’t step back from fighting the U.S. government in the court.
The We Company will no longer be going public anytime soon. According to the new CEOs, the decision to postpone its IPO was necessary to solve many of the company’s internal problems. For now, no new date has been set.
Amazon is reportedly looking to allow hundreds of other retailers, use its autonomous Go shopping technology. The company is currently in talks with a few retailers and hopes to begin installation by early next year.
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.