Tesla Beats Estimates to Report a Tenfold YOY Jump in Net Income
(Tesla) Electric Vehicle maker Tesla Inc. earned $1.14 billion in new income or $1.45 EPS in the second-quarter, up from $104 million a year ago. The net income was higher…
Duolingo Ups its IPO Price Range to As Much as $100
(MarketWatch) Education and language app maker Duolingo Inc. has raised its proposed price range for IPO to between $95 and $100. The previous price range was $85 to $95. Duolingo…
Almost Half of Singaporeans Have Crypto Investments – Survey
(Cointelegraph) A survey by the Independent Reserve Cryptocurrency Index involving 1,000 Singaporeans has revealed that 43% of individuals own crypto assets. The survey happens amid continued uptake of crypto by…
Philip Morris to Help the UK Solve Smoking Problem by Withdrawing Marlboro Cigarettes
(Reuters) Philip Morris International plans to end the sale of its Marlboro cigarettes in the UK in the next ten years. Philip Morris’s aim is to help the UK to…
Crypto Turns Bullish on Rumours: Amazon May Accept Payments in BTC
(Cointelegraph) Bitcoin rose by as much as 10% on Monday on news that retail giant Amazon plans to accept it as a means of payment by the end of this…
Composite PMI Output Index Slips to 59.7 Amid Upturn in Manufacturing Activity
(IHS Markit) U.S. Composite PMI output index fell to a four-month low of 59.7 in July from 63.7 in June. The fall in composite output happened even as manufacturing PMI…
UK Retail Sales Jump 0.5% to Remain Elevated from the Pre-Pandemic Levels
(Office for National Statistics) Retail sales in the UK rose by 0.5% between May and June, and were up 9.5% compared to the pre-pandemic level in February 2020. Euro 2020…
Snap Inc. Reports a 116% Revenue Jump in Q2, But Profit Still Negative
(Snap Inc.) Snap Incorporate reported a revenue of $982 million in the second quarter, a 116% jump compared to $454 million in the same quarter last year. Net loss for…
China’s Move to Turn Tutoring Firms Non-Profit Sends Stocks Tumbling
(Bloomberg) China is contemplating a move requiring companies offering school curriculum tuition to go non-profit. The move could wipe out the $100 billion education tech industry. If China pursues the move,…
Twitter’s Revenue Exceed Estimates to Jump by 74% YOY on Ad Revamp
(Twitter) Social media company Twitter Inc. recorded a revenue of $1.19 billion in the second quarter, a 74% rise year over year, and above estimated $1.07 billion. Ad revenue made…
Natural Gas Inventories Run Low to Push Prices to a 31-Month High
(Bloomberg) Supplier concerns in the natural gas industry saw its futures in the US jump to the highest level of $4.003 per million British thermal units in 31 months. Supply…
TikTok and White House End Lawsuit Against Trump Administration in App Ban
(CNN Business) Washington and TikTok will not proceed with a lawsuit against Trump’s administration’s move to ban the short-form video app from being listed on US app stores. The US…
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