High-flying electric vehicle leader Tesla (NASDAQ: TSLA) knocked one out of the park during the first quarter of 2021. Total revenue increased 74% from a year ago, and net income hit a new record of $438 million. However, the usual boost to the headline profitability metric (the
For years, Tesla (NASDAQ: TSLA) skeptics and bears have warned that competition is coming, at which point the electric-vehicle (EV) leader would get crushed by legacy automakers with deeper pockets and more established manufacturing operations. Most traditional automakers have be
You don't have to look too far to see the impact of fintech, or financial technology, on your life. It powers your mobile wallet, allows you to pay your bills online, and enables you to trade stocks from the palm of your hand.It was the reason you were able to shop from home unde
Long gone are the days when Tesla dominated the discussions regarding investing in the electric vehicle (EV) space. Over the past year, the competition for attention has intensified dramatically as SPACs have brought a variety of EV start-ups onto investors' radars. One such hope
Wall Street's main indexes were set to open higher on Thursday after stellar earnings from Apple and Facebook powered a rally in tech stocks, while investors parsed a barrage of quarterly reports as well as the latest batch of economic data.
Nasdaq futures jumped 1% on Thursday after stellar earnings from Apple and Facebook powered a rally in tech stocks, while investors parsed another barrage of quarterly reports ahead of GDP numbers and jobless claims data.
Whether you're a relatively new investor or someone who's been putting their money to work on Wall Street for decades, there's always something new and interesting to see. Last year, it was the unparalleled uncertainty that arose from a once-in-a-century pandemic. In 2021, it's b
Germany's financial regulator BaFin warned that Binance, one of the world's largest cryptocurrency exchanges, risked being fined for offering security-tracking tokens without first publishing an investor prospectus.
Global electric vehicle (EV) sales picked up speed in the first quarter, but more government action is needed on charging stations and fossil-fuel vehicle bans to keep the momentum going, the International Energy Agency (IEA) said on Thursday.
Endeavor Group Holdings Inc, the owner of the Ultimate Fighting Championship (UFC) said on Wednesday it sold shares in an initial public offering (IPO) at the high end of the target range to raise $511.2 million.
The U.S. transport safety board is working to publish as soon as possible a preliminary report on a recent Tesla vehicle crash in Texas in which local police said no one was in the driver's seat, a senior official told Reuters, acknowledging public confusion over the fatal accident.
General Motors on Wednesday announced deals with major electric vehicle charging networks to offer its customers access to nearly 60,000 charging points across the United States and Canada.
Brembo has agreed to buy Spanish motorcycle brake maker J.Juan for around 70 million euros ($85 million) to be paid in cash, the Italian company said on Wednesday.
The U.S. safety board is working to publish as soon as possible a preliminary report on a recent Tesla vehicle crash in Texas in which local police said no one was in the driver's seat, a senior official told Reuters, acknowledging public confusion over the fatal accident.
Tesla (TSLA) reported record quarterly profits in Monday’s earnings call, in one of the most highly anticipated earnings statements of the season. Q1 revenues were up 74% over the same time period last year, and the company generated a $448 million net profit, up from $16 million the year before, according to the Wall Street [...] Read more at ETFtrends.com.
Ganfeng Lithium Co, one of the world's top lithium producers, on Wednesday posted a sixty-fold rise in first-quarter profit as higher prices for the commodity used in electric-vehicle batteries added to bumper income from financial assets.
World shares cosied up close to record highs and the dollar and global bond yields nudged up on Wednesday, as traders waited to see if the U.S. Federal Reserve utters the dreaded 'T' word later - tapering of its mass stimulus programme.
Skyworks Solutions (NASDAQ: SWKS) recently agreed to buy Silicon Laboratories' (NASDAQ: SLAB) infrastructure and automotive unit for $2.75 billion in cash. Skyworks expects the acquisition to be immediately accretive to its earnings after it closes in the third quarter of 2021.Th
Kebab chef Kadir Oner hoped to boost his new business by accepting payment in cryptocurrencies, but a ban by Turkish authorities will force him next month to fall back on payment methods as traditional as his spit-roasted meat.