International Business

JPMorgan Sues Tesla For $162 Million Over Warrants, Elon Musk Tweets

JPMorgan Sues Tesla For $162 Million Over Warrants, Elon Musk Tweets

Reuters | Tuesday November 16, 2021

JPMorgan Chase & Co on Monday sued Tesla Inc for $162.2 million, accusing Elon Musk's electric car company of "flagrantly" breaching a contract related to stock warrants after its share price soared.

Tesla's Market Value Falls Below $1 Trillion After Elon Musk Tweets

Tesla's Market Value Falls Below $1 Trillion After Elon Musk Tweets

Reuters | Tuesday November 16, 2021

Tesla Inc's stock extended its recent selloff on Monday as investors reacted to CEO Elon Musk's recent share sales of a combined $6.9 billion, as well as to his most recent tweets.

As Autos Go Electric, Toyota Chases Hydrogen Dream

As Autos Go Electric, Toyota Chases Hydrogen Dream

Reuters | Monday November 15, 2021

As U.N. climate conference delegates considered how to save the planet over the weekend in Glasgow, Toyota Motor's chief executive was in Japan racing an experimental hydrogen car - a vehicle he says could preserve millions of auto jobs.

Global Economy Stuck In "History's Biggest Traffic Jam"

Global Economy Stuck In "History's Biggest Traffic Jam"

Bjorn Van Roye, Brendan Murray and Tom Orlik, Bloomberg | Wednesday November 03, 2021

Last year the global economy came juddering to a halt. This year it got moving again, only to become stuck in one of historys biggest traffic jams.

ByteDance Founder Zhang Yiming Steps Down As Chairman: Report

ByteDance Founder Zhang Yiming Steps Down As Chairman: Report

Reuters | Wednesday November 03, 2021

ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after announcing his resignation as chief executive officer in May, a person with direct knowledge of the matter told Reuters.

Apple Results Hit By Supply Chain Challenges, Tim Cook Says Holiday Quarter Impact Will Be Worse

Apple Results Hit By Supply Chain Challenges, Tim Cook Says Holiday Quarter Impact Will Be Worse

Reuters | Friday October 29, 2021

Supply chain challengescost Apple Inc $6 billion in sales during the company's fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the current holiday sales quarter.

Samsung Electronics Q3 Profit Rises To 3-Year High On Chip Sales

Samsung Electronics Q3 Profit Rises To 3-Year High On Chip Sales

Reuters | Thursday October 28, 2021

Samsung Electronics Co Ltd's third-quarter profit rose 28% to its highest in three years, as strong memory chip prices, chip contract manufacturing and display sales outweighed increased costs to produce consumer electronics.

Some Airlines Risk Failure If They Don't Cut Emissions Faster: Report

Some Airlines Risk Failure If They Don't Cut Emissions Faster: Report

Reuters | Wednesday October 27, 2021

Some airlines risk failure if they do not cut carbon emissions quicker in the next three to five years due to a mismatch between short-term corporate travel targets and the airline industry's 2050 net zero target, an industry report said.

Twitter Avoids Revenue Hit From Apple Privacy Changes

Twitter Avoids Revenue Hit From Apple Privacy Changes

Reuters | Wednesday October 27, 2021

Twitter Inc on Tuesday reported its quarterly revenue grew 37% and avoided the brunt of Apple Inc privacy changes on advertising that hobbled its rivals, sending its shares up 3%.

Google Parent Alphabet Profit Soars To Over $18 Billion

Google Parent Alphabet Profit Soars To Over $18 Billion

Agence France-Presse | Wednesday October 27, 2021

Google's parent company Alphabet announced profits on Tuesday that jumped to $18.9 billion, even as the online colossus faces increased regulatory pressure and shifting of the lockdown lifestyles that have so benefited Big Tech.

HSBC Surprises With 74% Rise In Q3 Profit And $2 Billion Buyback

HSBC Surprises With 74% Rise In Q3 Profit And $2 Billion Buyback

Reuters | Monday October 25, 2021

HSBC Holdings reported a surprise 74% rise in third quarter profit as concerns about pandemic-related bad loan receded, allowing it to announce a share buyback of $2 billion.

Walmart Allowing Some Shoppers To Buy Bitcoin At Coinstar Kiosks

Walmart Allowing Some Shoppers To Buy Bitcoin At Coinstar Kiosks

Reuters | Friday October 22, 2021

Walmart Inc said on Thursday customers at some of its U.S. stores will be able to purchase bitcoin using ATM-like machines installed by Coinstar.

Stocks Rise, S&P 500 Hits Record; U.S. 10-Year Yield Jumps

Stocks Rise, S&P 500 Hits Record; U.S. 10-Year Yield Jumps

Reuters | Friday October 22, 2021

Global stock indexes mostly climbed and the S&P 500 posted a record closing high on Thursday, helped by gains in consumer discretionary and technology shares, while U.S. Treasury yields jumped.

Tesla Beats Q3 Revenue Estimates But Supply-Chain Problems Impacting Factories

Tesla Beats Q3 Revenue Estimates But Supply-Chain Problems Impacting Factories

Reuters | Thursday October 21, 2021

Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.

Nestle Outlook Buoyed By Coffee, Higher Prices

Nestle Outlook Buoyed By Coffee, Higher Prices

Agence France-Presse | Wednesday October 20, 2021

Nestle on Wednesday raised its growth outlook after sales for the first nine months of the year were buoyed by coffee, vegan foods and price increases.