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...
China is stepping up its efforts to limit the use of foreign technology in the country, and Apple is among the first companies to feel the effects. The country issued a ban on iPhones in government agencies and state companies, causing Apple shares to slip 3.9% in pre-market trading...
Chinese electric vehicle manufacturer Li Auto (LI) reported an unexpected profit for Q4 of 2020 on Thursday, sending the auto manufacturing company's stock up by 1% to 28.98 in premarket trading. This movement is in stark contrast to the stock slump that Li was expected to incur.
While analysts expected...
Nokia stock soared a whopping 16% in premarket trading, after posting surprisingly impressive performance numbers in Q1. The main reason behind this surge is thanks to 5G, but nevertheless, analysts did not expect things to go so swimmingly for them at this juncture.
Back in October, the Finnish telecom company...
Japanese holding company SoftBank has announced that it intends to double the number of users of its PayPay QR code payment app in the next three to four years. According to an executive at Z Holdings (SoftBank's internet subsidiary), the conglomerate is aiming to extend its lead in the...
Volvo Car Group announced on Monday that they've entered into a joint venture with Swedish battery maker Northvolt for the development of sustainable batteries that will be installed in its electric vehicles. As a result of this deal, Northvolt will become Volvo's exclusive battery cell production partner in Europe.
This...
The industry of electric vehicles is growing rapidly by the day, and thus there are countless companies battling to gain position for the head honcho spot. Tesla has always held a firm hold over its competitors in this field, but there's another company that experts are predicting will surprise...
Chinese technology conglomerate Tencent Holdings Ltd. reported a 29% rise in profits during the second quarter, resulting in a net profit for the three months through June totaling 42.6 billion yuan. This profit far exceeds the average Refinitiv estimate of 34.4 billion yuan.
Total revenue for the period surged by...
ByteDance, the Chinese multinational internet technology company that owns Tik Tok, is developing plans to manufacture semiconductors, a source close to the situation revealed to Reuters. The company also posted numerous job openings pertaining to chip production on its official website.
According to the source, ByteDance is looking to focus...
As electric scooter rental company Bird Rides looks to go public, the company recently posted a narrower than expected second-quarter loss of $43 million. Revenue for the period skyrocketed up to pre-pandemic levels due to eased COVID restrictions in global markets.
The Los Angeles-based electric scooter provider is expected to...