Samsung has launched a high-end dual-screen flip phone in China which contains many of the company’s latest features. The Samsung G-9298, which is also called the Leader 8 or Leadership 8 when translated from Chinese, has two 4.2-inch screens, one on the front and one on the inner side of the device. It also boasts […]
Read moreWall Street still doesn’t understand Tesla. Several top firms are telling their clients they are skeptical on company’s Model 3 production ramp and future capital needs even as the shares continue to surge higher. Tesla shares rallied 7 percent in Thursday’s premarket session after the electric car maker posted a narrower-than-expected second-quarter loss Wednesday. “We […]
Read moreThe number of Americans filing for unemployment benefits fell last week, pointing to a tightening labor market that likely keeps the Federal Reserve on course to announce plans next month to start reducing its massive bond portfolio. Labor market strength was also underscored by another report on Thursday showing U.S.-based employers in July announced the […]
Read moreContinental’s second-quarter adjusted operating profit fell 10 percent as the auto parts maker raised spending on production and R&D capacities, but the company slightly lifted its sales outlook on growing demand for electric-car components. Adjusted earnings before interest and tax (EBIT) declined to 1.16 billion euros ($1.37 billion), near the low-end forecast of 1.15 billion […]
Read moreTesla may not have that big of a lead over U.S. and European manufacturers in electric car technology, agreed Oppenheimer analyst Colin Rusch. He was asked what he thought about comments earlier this week from AutoNation Chairman and CEO Mike Jackson who said within the next year or two “we’ll see incredible electric vehicles from […]
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THE DOW Jones Industrial Average closed above 22,000 on August 2nd, something President Trump is almost certain to mention in a tweet soon*. So it might seem as if the “Trump bump”, which began on the night of the election, is continuing smoothly. But the picture is a lot more complex than that as a […]
Read moreIf Apple were a foreign country, CEO Tim Cook might have considerable political clout in the United States. That’s because Apple owns $52.6 billion in U.S. Treasury securities, which would rank it among the top 25 major foreign holders, according to estimates from the Treasury Department and Apple’s SEC filings released on Wednesday. Apple’s stake […]
Read moreHackers have cashed out on more than $143,000 worth of bitcoin relating to ransoms paid from the massive WannaCry cyber-attack earlier this year. Bitcoin payments made by victims of the WannaCry ransomware attack – which totaled 52.2 BTC (around $143,000) – were withdrawn from online wallets overnight. This was confirmed by Elliptic, a London-based start-up […]
Read moreThe Bank of England (BOE) held interest rates steady at 0.25 percent on Thursday, as expected, while largely sticking to its previous assumptions for growth and inflation over the three-year forecast horizon. The Monetary Policy Committee (MPC) voted by a majority of 6-2 to keep rates at record low levels in August. Meantime, the U.K.’s […]
Read moreKabbage, a billion-dollar start-up that has become a key lender for small businesses in the United States, announced Thursday that it has raised $250 million in venture capital from SoftBank Group. The funding brings Kabbage’s total equity funding raised to nearly $500 million. With this investment, Kabbage — a company that combines machine-learning algorithms, data […]
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