Chinese electric vehicle manufacturer BYD has engaged in the widespread sale of company shares as part of its goal to raise $3.6 billion in capital funds. The Warren Buffet-backed firm took advantage of a steep stock rally, influenced by the emerging demand for new-energy vehicles.
According to the terms of...
Amazon.com Inc revealed on Monday its plan to open two new distribution centers in Italy during the course of this year. The world's largest retailer will be injecting over $278 million into this expansion.
One distribution center will be located in the north-western city of Novara, while the other, which...
After weeks of deliberation, the U.S. government ultimately decided against imposing an investment ban on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. This move was initially triggered by a government decision to deter American citizens from investing in companies with ties to the Chinese military.
While initially backed by...
15 years after it was taken private, animal supply chain store Petco enjoyed a strong return to life as a publicly-traded company, generating $864 million in its initial public offering. The company, now changing its name to Petco Health and Wellness Co., sold 48 million shares at a price...
Johnson & Johnson stocks slid by 0.2% during afternoon trading on Wednesday after reports of its coronavirus vaccine candidate falling two months behind schedule.
While the pharmaceutical company had initially planned to have 12 million doses of its vaccine ready for distribution by the end of February, several delays have...
With the coronavirus pandemic influencing major lockdowns across the globe, exercise at home is a constantly increasing trend. Payment platform Affirm is one company that has managed to reap the rewards of this growing phenomenon.
According to Affirm’s S-1 filing, a large portion of the company’s revenue has been generated...
In an attempt to tap into the lucrative electric vehicle market, automotive giant General Motors has increased its efforts to release a new line of electric vehicles, ranging from delivery vans to luxury vehicles.
Mary Barra, GM’s chief executive officer, explained in a statement on Tuesday that global EV market...
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...
As the United States government continues its crackdown on companies with potential ties to the Chinese military, Alibaba Group Holding Ltd. and Tencent Holdings Ltd. may become the U.S. government’s next targets.
According to the Wall Street Journal, the United States is currently considering a plan that would see restrictions...
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...