Amazon's delivery business is close to becoming a separate enterprise
Amazon's logistics business has now grown to the size of a separate company that provides delivery services to other companies. Amazon is a growing competitive threat to FedEx and...
Explosion after launch
A private US company Firefly Aerospace's Alpha rocket exploded a few minutes after a successful launch as part of the first test flight in the US. The flight was broadcast on the company's website on T...
Broadcom report
Broadcom, which supplies its chips to Apple, on Thursday reported revenue growth well below the industry average (e.g. AMD). Broadcom gives a good outlook but says it is deliberately restraining the pace of s...
TV from Amazon
Amazon (AMZN) could start selling its own-brand TVs in the US, as it has already done in India, Business Insider reports. Amazon televisions could potentially have Alexa and Amazon's built-in subscription services.
E-commerce giant A...
Monetising Twitter followers
Twitter (TWTR) shares rose 1.6 per cent on Wednesday after the company announced the test launch of its Super Follows paid tweets feature. The feature will allow you to earn money from your&...
Competitors in the production of electric cars
The Wednesday delivery report from Chinese electric car makers Nio (NIO), Li Auto (LI) and Xpeng (XPEV) showed the ongoing problem of chip shortages in the automotive&...
A threat to Apple and Google
Google and Apple face the first legal precedent of limiting the dominance of their payment systems in the Play Market and Apple Store app shops in South Korea. The presence of third-party pa...
Stock market on Tuesday
Major stock indices recovered from a slight decline on Tuesday on the back of three bad government reports concerning the US economy.
Major US stock indices recovered very quickly after a small decline on Tuesday despite a s...
Income from share trading
PayPal is preparing to launch an equity trading platform, a continuation of its efforts to diversify and expand its business. PayPal already has a cryptocurrency trading option and is aiming to become a 'super app' for fina...
Zoom's earnings
Zoom Video Communications on Monday reported revenues and profits above market analysts' forecasts, but investors were disappointed by the slowdown in growth.
Shares of Zoom Video Communications (ZM) fell 10% after Monday's close, d...
Threat to business
Robinhood shares fell 6.9 per cent on Monday amid news of competition threats from PayPal and regulatory risks to the company's business model from the US Securities and Exchange Commission (SEC).
Sh...
Li Auto has record sales
Shares in Li Auto, the Chinese electric car maker, fell 1 per cent on Monday amid reports of record sales but posting a loss, while analysts had expected a break-even. Li Auto says it plans to expand in Europe.
Li Auto (LI)...
Board renewal
Rolls-Royce's biggest investor, US investment firm Causeway Capital Management, has backed a board renewal at the British company, emerging from the worst recession in the history of the aviation industry. It w...
Affirm & Amazon
Fintech newcomer Affirm (AFRM), a consumer lending company, on Friday announced a partnership with Amazon (AMZN). A limited number of Amazon customers will be able to make instalment payments of $50 or more th...
Rivian's IPO
Electric SUV maker Rivian on Friday said it had filed for an IPO with the SEC. The media report a potential market valuation of $80bn for Rivian. However, this valuat...
The US stock market on Friday
Trading ended Friday with gains in the oil and gas, commodities and financial sectors.
At the close of trading on the New York Stock Exchange, the Dow Jones gained 0.69%, the S&P 500 index rose 0.88%...
Fed buying cuts in 2021
In an online conference replacing the traditional one in Jackson Hole, Fed Chairman Jerome Powell announced the start of asset purchase rate cuts this year.
Major stock market indices, the Dow Jones, S&am...
Peloton forecasts and statement
Peloton (PTON) reported a worse quarterly loss than analysts expected and also gave a weaker outlook for the current quarter. Investors should not expect profitability from Peloton before 2023.
Pe...
Xpeng report
Chinese electric vehicle maker XPeng (XPEV) has released a report with new record shipments and revenues, and has also given a 26% growth forecast for shipments in the current quarter. XPeng is ramping up production and starti...
Model Y in Europe
Tesla (TSLA) continues to achieve its goal of expanding sales in more markets. The first Model Ys appeared in Europe earlier this month.
Tesla (TSLA) this month began mass deliveries of...
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