Thursday, September 16, 2021

Business

Nokia, a Finnish telecom giant, to cut up to 10,000 jobs over next two years

On Tuesday, Nokia (Finnish telecoms giant) said that it will slash up to 10,000 jobs in the upcoming two years as a part of a previously decided reform program while increasing investment on 5G and R&D capabilities to potentially...

Elon Musk balanced the previous loss by gaining $25 billion

In the last week, Elon Musk, Tesla CEO, lost tens of billions of dollars, but he fetched them back just in a single day on Tuesday when a twenty-percent rally in Tesla's stock. On Tuesday, Elon Musk added 25 billion...

How President’s Tax Proposals could affect financial advisers

Joe Biden, President of the United States, came up with surges in taxes – including estate tax and capital gains tax – on the richest people of America. People with less than 400,000 dollars earning will not see a...

Reasons why Tesla’s stock is drowning   

On Tuesday, shares of Tesla, the highest stock in the market for more than a year, has plunged six percent after closing down 8.5 percent on Monday. It has completed its gains for the year. On January 26, Tesla's...

Biden’s $1.9 trillion stimulus package will hit the stock worse – Jeremy Grantham

During a Bloomberg interview, Jeremy Grantham, the legendary investor, threatened other entrepreneurs that the 1.9 trillion dollars bill in the federal aid President Biden sees from Congress would further plunge the stock market bubble. The GMO co-founder, Jeremy Grantham, described...

Elon Musk passed Jeff Bezos to become the world’s wealthiest person

Elon Musk, CEO of Tesla, crossed Jeff Bezos, past Amazon founder, to fetch the label of the world’s richest person, said Bloomberg. Early Thursday, a six-percent upsurge in Tesla’s shares has boosted the value of Elon Musk’s stock holdings...

SEC fined $65 million to Robinhood for misleading clients

Robinhood, free stock-trading app, has committed to pay sixty-five million dollars penalty to the SEC (Securities and Exchange Commission) to manage expenses that it engaged in misleading maneuvers that upset its customers. Particularly, the official described that Robinhood app didn’t...

Peter Nygard, Canadian designer, had taken into custody on counts of sex trafficking

On Monday, a Canadian fashion designer was taken into custody in Canada, when the designer was tracked in the U.S. for purportedly using fashion business as a ‘façade of legitimacy’ to stop sex trafficking and several other illicit actions,...

Elon Musk and a few other millionaires, saying goodbye to Silicon Valley

Silicon Valley has been considered as one of the major pillars of the tech industry for a couple of decades, beginning in 1938 when David Packard and Bill Hewlett began tinkering in the Palo Alto garage. But it could be...

GOL will restart Boeing 737 Max passenger flights on Wed

On late Monday, the GOL Brazilian airline declared that it will become the 1st airline worldwide to travel passenger on the Boeing 737 Max in around 2 years. On 18th November, the Boeing 737 Max was cleared to get passengers...

Latest News

Moderna’s COVID-19 Vaccine Holds High Efficacy Against Delta Strain

On Wednesday, Moderna (the gigantic pharmaceutical) published a set of clinical information about its COVID-19 vaccine demonstrating that it...