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Markets

Musk States Consumer Demand Not an Issue

June 12th, 2019261 According to the latest report by Bloomberg, Tesla Inc.’s Chief Executive Officer Elon Musk told the company’s shareholders at the annual meeting on Tuesday that...

Markets

Auto Markets Plunge after Fiat Walks Away from Renault Deal

June 7th, 2019146 According to the news report by MarketWatch, some of the biggest names in the auto industry saw billions wiped off their market value after the auto markets plunged in...

Markets

Oil Rises on Indications of Supply Cuts

June 5th, 2019045 According to the news report by Bloomberg, after 4 consecutive trading days of declines, the price of oil rose after indications of supply cuts from OPEC and its allies...

Markets

Blackstone Buying Warehouse Network in Landmark Deal

June 3rd, 2019067 According to the news report by Bloomberg, Blackstone Group LP has agreed to buy Singapore’s GLP Pte.’s logistics assets worth $18.7 billion. The company states that...

Markets

Uber Report $1 Billion Loss for the Quarter

May 31st, 2019033 According to the news report by Reuters, San Francisco-based ride hailing company Uber Technologies Inc. reported a loss of $1 billion for the quarter. The company has...

Markets

GM and Bechtel Teaming Up to Build EV Fast-Charging Stations

May 29th, 2019224 According to the news report by CNN, General Motors Co., the largest automaker in the US, and Bechtel, America’s biggest construction company, are entering into a...

Markets

Fiat Chrysler and Renault to Announce Deal that Could Lead to Merger

May 27th, 2019035 According to the news report by Bloomberg, Fiat Chrysler Automobiles NV is expected to make an announcement about an operational deal with Renault SA on Monday, May 27,...

Markets

Qualcomm Stocks Continue to Decline as Analysts Respond to Court Ruling

May 24th, 2019025 According to the news report by MarketWatch, Qualcomm Inc.’s stocks continued to decline for a second day in a row after the court ruling on Wednesday, May 22, that...

Markets

Tesla Lowers Electric Car Prices as Code Red Looms

May 22nd, 20191107 According to the news report by CNBC, Tesla Inc. has cut down the sale prices of the two most expensive electric car models – the Model S sedan and the Model X SUV....

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Amazon’s Online Market Share Estimate Cut for the US