When it comes to the giant corporations of today, the stakes get higher and higher. We're not talking millions, and we're not talking billions—we're talking trillions.
There are two companies that are expected to reach a value of $2 trillion sometime soon, and they're Microsoft and Amazon.
Last week, Microsoft's shares...
Chinese electric vehicle manufacturer BYD Co Ltd currently finds itself at the forefront of electric sedan monthly sales, despite suffering an 11% drop in year-over-year sales of total electric cars. According to CNBC, the Warren Buffett-backed EV manufacturer sold 130,970 units of its vehicles in 2020.
The reason for BYD’s...
German conglomerate Siemens announced on Thursday its newest growth targets, in line with the corporation's aim to "clearly outpace the market." This is the first step to be made as part of a new strategic blueprint by the new Chief Executive Officer Roland Busch, who took the reigns from...
Walmart Inc is currently engaged in discussions regarding the possibility of the retail giant promoting and distributing smart TV sets that run on Comcast software, the Wall Street Journal revealed on Tuesday.
The terms being discussed include the retail giant promoting the Comcast-run TVs in exchange for a share in...
Adobe Inc revealed on Wednesday its intention to add payments to its own eCommerce platform, thereby enabling merchants to accept credit cards and other forms of payments for their online stores. This move will help Adobe to strengthen its competitiveness against the likes of Shopify, having first delved into...
Tesla is one of the most lucrative companies in the world, and yet people still managed to underestimate it so far this year. The company recently posted a first-quarter profit that handsomely surpassed estimates, thanks to a shockingly high level of deliveries throughout Q1.
But although the profit was higher...
The Ford Motor Corp posted its latest financial results on Wednesday which showed a 9.8% decline in quarterly domestic vehicle sales. The second-largest vehicle manufacturer in the U.S. sold 542,749 vehicles in the fourth quarter; a stark decline from 601,862 during the previous year.
At the root of this significant...
The Fortress Investment Group, comprised of the likes of a SoftBank subsidiary and the American billionaire Koch family, is pursuing a private equity takeover of Wm Morrison Supermarkets Plc, the United Kingdom's fourth-largest supermarket chain. Despite leading the charge, this group faces the challenge of convincing Morrison stakeholders, customers,...
Thanks to a recent decision by the European Union, vehicle manufacturers such as BMW and Tesla are now able to receive as much as 2.9 billion euros ($3.5 billion) for battery projects that will enable the faster production of more electric vehicles.
This decision to provide aid comes as the...
