Tesla on a Return to Record Car Sales in China after Bad Publicity
(Bloomberg) Electric vehicle maker Tesla Inc. recorded a 29% jump in registrations of Model 3 sedans and Model Y sports utility cars made at its Shanghai factory in June from…
Cloud Business Drives IBM Q2 Profits 3% Higher, Beating the Market Forecast
(IBM) IBM beat market forecast to report $18.7 billion revenue for the second quarter, a 3% jump compared to the same period last year. IBM’s per share profit was $2.33, more…
Goldman Courts Japan for Alternative Investments in Real Estate and Data Centers
(Nikkei Asia) Goldman Sachs seeks to expand its investments in Japan, remaining keen on office space and data centers. Goldman plans to almost double its annual property investments to about…
AutoNation Reports a Record $385 Million Profit in Q2 Amidst Expansion Plans
(AutoNation) AutoNation reported a record profit of $385 million or $4.83 earnings per share in the second quarter. The profit represents a growth of 52% compared to $3.18 EPS for…
Yellen Doubts the Effectiveness of the US-China Trade Deal by Trump’s Administration
(SCMP) The US Treasury secretary, Janet Yellen, is concerned that the US-China Trade agreement did not address key trade issues. The trade secretary doubts whether the deal signed during the…
OPEC+ Output Deal Tanks Oil 2% but Analysts Read Higher Prices Ahead
(CNBC) Analysts are predicting higher oil prices after OPEC+ agreed to raise output by 400,000 barrels a day. The analysts’ projection came even as oil fell by more than 2%…
Pershing Square Terminates Deal with Vivendi’s UMG on SEC Concerns
(pstontine.com) The board of directors of Pershing Square Tontine Holdings has agreed to end a deal with Universal Music Group. The decision by Pershing Square Tontine reflects issues raised by…
Zoom Targets Post-Pandemic Growth in $14.7 Billion Acquisition of Five9
(WSJ) Zoom Video Communications Inc. is riding on its pandemic boom with a $14.7 billion all-stock acquisition of cloud service provider Five9 Inc. Zoom expects to expand its offerings for…
Moderna Runs Hot to Hit a Record $288.88 on S&P Inclusion Talk
(Bloomberg) Vaccine maker Moderna Inc. jumped about 11% on Friday to reach a new record high of $288.88 after reports of inclusion on S&P 500 surfaced. S&P Dow Jones announced,…
China Sends Taskforce to Probe Didi over “Unauthorized” NYSE Listing
(SCMP) China’s regulatory taskforce has initiated an on-site cybersecurity scrutiny of Didi following its hasty New York listing. The inspection occurs only two weeks after authorities announced plans for cybersecurity…
Yellen Foresees Rapid Inflation that Could be a Concern to House Ownership
(CNBC) US Treasury, Janet Yellen, has warned of rising inflation in several months to come, although she expects the situation to ease in the medium term. Yellen raised concerns that…
Binance Announces Plans to Stop Stock Token Trading on its Platform
(Binance.com) Binance will no longer support stock tokens on its platform starting October 10, 2021 as it shifts to other product offerings. Users holding stock tokens can choose to sell…
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