Over a dozen U.S. regulators have made allegations against Apple Inc, stating that the tech giant misled customers over information regarding the iPhone’s battery power, as well as software updates that hamper the smartphone’s performance. As a result, Apple has agreed to a settlement worth $113 million, valid in...
Stocks of electric vehicle company Tesla (TSLA) enjoyed a stark 10% rise during after-hours trading on Monday, leading to the company’s inclusion in the S&P 500 index.
According to an announcement by the S&P Dow Jones Indices, Tesla will join the S&P 500 on Monday evening before the stock market...
Eric Yuan, founder and CEO of Zoom Video Communications Inc., has experienced a $5.1 billion decline in his net worth following Pfizer Inc.’s announcement on Monday that its Coronavirus vaccine has prevented over 90% of infections during clinical trials.
While airlines, oil corporations, and tourism operators enjoyed surges in stock...
Skyworks Solutions (SWKS) generated an unexpectedly high sales revenue of $956.8 million in the fourth fiscal quarter of 2020, the wireless chipmaker revealed in its earnings report.
While analysts projected earnings of $1.52 per share (resulting in total revenue of $842.4 million), Skyworks managed to achieve a revenue of $1.85...
The California-based electric vehicle manufacturer Fisker (FSR) enjoyed a rise in its stock during its debut on the New York Stock Exchange this Friday.
This came after the American electric vehicle company entered into a $2.9 billion merger with Spartan Energy. Funded by private equity firm Apollo Global Management (APO),...
After engaging in a round of Series E funding, fitness tracker startup Whoop raised a grand total of $100 million, the company reported on Wednesday. The startup venture is now estimated to have a worth of $1.2 billion.
In addition to receiving the backing of venture capital firm IVP and...
With nearly 1.2 million global electric vehicles (EV) sales in 2019, China is determined to grow its domestic EV industry in the coming years, expecting approximately 25% of all domestic car sales to be EVs by 2025.
In 2019, EV sales by Chinese manufacturers accounted for more than half of...
As the coronavirus pandemic continues to rage on, the unexpected upward trend in sales of single-family homes is finally declining after four consecutive months of consistent increases.
While the ongoing pandemic had a detrimental effect on most industries, the rise experienced by the housing market was supported by low mortgage...
While investors expected Netflix to flourish at a time when worldwide communities were confined to their homes, the company reported that it received a decelerating number of new subscribers over the course of 2020.
In the first quarter of 2020, the company managed to meet investors’ expectations, enjoying a surge...