Tuesday, May 17, 2022

Business

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...

China imposed heavy customs on Australina imported wine

Winemakers of Australia have been facing another conflict from China because pressures continue to ramp up between these two nations. On Friday, Chinese officials declared that they would begin applying heavy taxes on wines, that are coming from Australia, as...

Disney revised the planned layoffs of employees to 32000

Walt Disney Company is thinking about reducing 32,000 workers by the end of March, which is four-thousand above previously decided layoff because the pandemic Coronavirus is still hitting its resorts and parks business. Walt Disney Co. is planning to shed...

Australia’s leading telco, Telstra, punished due to indigenous agreements

The biggest telecommunication firm of Australia is having a fifty million dollars fine due to its trade of mobile agreements to vulnerable indigenous patrons. The charges link to one-hundred-and-eight clients who paid for agreements they could neither recognize nor afford....

Latest News

Several of Ukrainian Soldiers Freed from Azovstal Plant to Novoazovsk, Olenivka

After a lengthy deadlock, Hanna Malyar, Ukrainian Deputy Defense Minister, said Monday that around two hundred and sixty-four Ukrainian...