Tesla reported earnings per share of 80 cents on revenue of $10.74 billion in the fourth quarter, less than expected 90 cents a share, according to the company’s press release.…
Airlines have requested the World Health Organization to rule it’s safe to fly without quarantining after a coronavirus vaccine, according to Bloomberg. Led by the International Air Transport Association, the…
Boeing shares fell 4% on Wednesday morning trading after a record net loss that topped $11.9 billion in 2020, according to the company’s press release. The net loss was worsened…
Sanofi is set to produce more than 125 million doses of BioNTech and Pfizer coronavirus vaccine after collaboration, according to Bloomberg. The French drugmaker will give BioNTech access to a…
Microsoft revenues for the second quarter ending December 31, 2020, were $43.1 billion, up 17% year over year, according to the company’s press release. The earnings growth was driven by…
S&P 500 index’s three-month realized correlation has fallen to just 0.16%, its lowest in a year and an extreme level in history, according to Bloomberg. The correlation gauges how closely…
Beyond Meat shares rose as much as 31% in morning trading after forming a joint venture with PepsiCo. According to CNBC, the joint venture will create, produce, and market snacks…
The European Union cleared 42 companies, including Tesla Inc. and BMW AG, to get $3.5 billion state aid for battery projects, according to Bloomberg. The aid is expected to strengthen…
Twitter has acquired Revue, a service that makes it free and easy for anyone to start and publish editorial newsletters, according to the company’s blog report. The company aims to…
Johnson & Johnson reported revenue of $22.48 billion in the fourth quarter, more than expected $21.67 billion, according to the company’s press release. The company reported earnings per share of…
Hyundai Motor Co. holiday-quarter profit rose 57% on increased demand for premium-margin SUVs despite overall sales volume down 5%, reports Reuters. The company expects sales in the U.S and China…
On Monday, serial blank-check dealmaker Chamath Palihapitiya invested in smart lockmaker Latch Inc. and solar lender Sunlight Financial LLC, TechCrunch reports. The two companies went public via a special purpose…