Xpeng Motors is said to be going to raise over $300 million in new funding, ahead of its U.S. IPO listing.
TikTok has decided to support the next generation of content creators on its platform with a $2 billion TikTok Fund.
Panasonic announces plans to boost the energy density of the battery cells it supplies to Tesla by 20 percent in five years. TSLA stock is 0.15% down to trade around $1,496 at the time of reporting.
The Q2 sales data has made Huawei the leading phone maker in the world as international sales are affected by the coronavirus pandemic.
Philips announced the launch of its remote monitoring and defibrillator solution dubbed Tempus ALS. PHG stock is down in the pre-market.
Qualcomm reported net income of $845 million on revenue of $4.893 billion in Q3. Those figures dropped precipitously from a year ago when the company reported $2.15 billion of profits on revenue of $9.635 billion. It also announced a long-term patent agreement with Huawei.
Tesla (TSLA) stock price dropped yesterday by 4.10% to close the day at $1476.49. However, the stock is up today. The fall is attributed to a downgrade call by Bernstein analyst Toni Sacconaghi.
With an increase of 43% in 2020, Tencent has added $197.74 billion to its market value on Tuesday, pushing its market cap higher than that of Facebook.
The leading cryptocurrency wallet Ledger discovers personal data breaches to over 1 million emails. All crypto funds remain safe and unaffected.
Offering deep discounts helped Apple to top its iPhone sales in China during Q2 2020. The Chinese shopping festival last month and Apple’s offering of the cheaper iPhone SE made the smartphone best-selling during the second quarter.
As Tesla announced gains in its second-quarter earnings report, the EV company also hopes to add two new models after the Cybertruck. TSLA stock is up today.
To support payments in Bitcoin, Twitch is using BitPay’s digital currency processing network.
For the reported Q1, the Ryanair revenue dropped by 95%. RYA stock lost over 8% after the statement was published.
Presently, scams constitute 1% of activities in the crypto sphere. This year the most widely discussed scam so far is the Twitter hack.
Shortly after the recent Twitter hack, the social platform has released its second-quarter earnings report. TWTR stock jumped 4% yesterday but is down over 1% now.