Of all the countries in the world to go completely cashless, Sweden could be the first. It’s already considered to be the most cashless society in the world. More Swedes have access to a payment card than to cash, according to data from the country’s central bank, the Riksbank. And the overwhelming majority of the […]
Read moreTesla CEO Elon Musk has no intention of raising more capital, even though some on Wall Street think he should. Asked on Wednesday if he might consider now a good time to raise more money, Musk simply said “no.” “I specifically don’t want to,” he said, on a conference call after Tesla posted first-quarter earnings […]
Read moreOne month ago, Facebook seemed to be on the brink of demise, with CEO Mark Zuckerberg testifying before Congress about a data-harvesting scandal that affected millions of users. “Facebook seemed like it was running amok and was about to be leveled by the government,” CNBC’s Jim Cramer, the host of “Mad Money,” recalled on Wednesday. […]
Read moreShares in Tesla took a nosedive in after-hours trading today as Elon Musk cut off analysts during a first-quarter earnings call. He dismissed a question about gross margins from Bernstein senior analyst Toni Sacconaghi as “boring.” Instead, Musk and other executives answered multiple questions from a Tesla enthusiast and Youtuber named Gali Russell. The 25-year-old […]
Read moreApple’s service stream revenue has never been quite as important as it became in the second quarter of 2018, CNBC’s Jim Cramer argued on Wednesday. “[It] simply didn’t have enough critical mass to make a difference until, well, now,” the “Mad Money” host said one day after Apple’s earnings report. “With last night’s blowout quarter, […]
Read moreOne month ago, Facebook seemed to be on the brink of demise, with CEO Mark Zuckerberg testifying before Congress about a data-harvesting scandal that affected millions of users. CNBC’s Jim Cramer, whose charitable trust owns shares of Facebook, even sold some of the social media giant’s stock on the news, citing the concerning headlines. “Facebook […]
Read morePayments processing company Square said it sold a total of $34.1 million in bitcoin in the first quarter. However, the company spent $33.9 million to buy bitcoin to allow people to trade it through its Cash mobile payments app. As a result, adjusted revenue from bitcoin was just $200,000. Square, headed by Twitter co-founder Jack […]
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In April 2018, Teslareportedthat it had missed its first quarter production and delivery targets for the Model 3. The company produced 2,020 Model 3s in the final week of the first quarter, short of its goal of producing 2,500 Model 3 sedans weekly by the end of March. To increase its Model 3 production rate, […]
Read moreSquare tumbled more than six percent in after-hours trading on Wednesday after issuing an earnings forecast that trailed analysts’ estimates. First-quarter earnings matched expectations, while revenue came in ahead of estimates. But investors appear to be focused on what’s coming for Square. Here are the most important numbers: Revenue: $307 million vs. $293 million, as […]
Read moreChina, home to the second largest number of World Heritage Sites, is getting some hi-tech help from drones to bolster conservation efforts at the crumbling Jiankou section of its Great Wall. Already used in logistics, transport and agriculture, the deployment of the remote-controlled flying machines in heritage conservation marks a further use of the advanced […]
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