Category: TRANSPORT

  • Tesla shares tumble on coronavirus fears driving broad market sell-off

    Tesla shares tumble on coronavirus fears driving broad market sell-off

    [ad_1] A Tesla Inc. Model 3 vehicle set to be delivered to a company employee moves off an assembly line during a ceremony at the company’s Gigafactory in Shanghai, China, on Monday, Dec. 30, 2019. Qilai Shen | Bloomberg | Getty Images Tesla shares tumbled on Monday amid a broader market sell-off driven by investors’ […]

  • MSFT, AAPL, GOOGL, AMZN, FB lose $230B in value

    MSFT, AAPL, GOOGL, AMZN, FB lose $230B in value

    [ad_1] Shares of Big Tech companies took a hit Monday after a surge in coronavirus cases renewed fears of a global economic slowdown. Apple, Facebook, Amazon, Microsoft and Google-parent Alphabet โ€” the five most valuable U.S. companies by market cap โ€” collectively lost more than $238 billion in value as part of a broader market […]

  • Apple Mac with ARM processor coming in 2021, Kuo says

    Apple Mac with ARM processor coming in 2021, Kuo says

    [ad_1] Apple is planning to release a Mac computer with an Apple-designed processor in the first half of 2021, TF Securities analyst Ming-Chi Kuo said in a note on Monday. Currently, Apple laptops and desktops use Intel processors, while the company’s iPhones and iPads use Apple-designed processors using ARM technology. The first Mac with an […]

  • ‘Probably the best business’ in the world

    ‘Probably the best business’ in the world

    [ad_1] Warren Buffett told CNBC on Monday that Berkshire Hathaway’s “third-largest business,” after its insurance and railroad interests, is its stake in Apple. “I don’t think of Apple as a stock. I think of it as our third business,” Buffett said on “Squawk Box.” The Oracle of Omaha’s annual letter to Berkshire shareholders, released on […]

  • HP (HPQ) earnings Q1 2020

    HP (HPQ) earnings Q1 2020

    [ad_1] HP shares moved as much as 6% higher in extended trading on Monday after the company reported better-than-expected fiscal first-quarter earnings and earnings guidance for the 2022 fiscal year. The company also announced an expansion of its share buyback authorization. Here’s how the company did: Earnings: 65 cents per share, adjusted, vs. 54 cents […]

  • Some Apple retail stores re-open in China after coronavirus closings

    Some Apple retail stores re-open in China after coronavirus closings

    [ad_1] People wearing face masks walk in front of an Apple store at a shopping mall, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 18, 2020. Carlos Garcia Rawlins | Reuters Apple’s retail operation in China is waking up after coronavirus-related closures. According to Apple’s website, 29 […]

  • Fintech firm Revolut bags $500 million in funding round led by TCV

    Fintech firm Revolut bags $500 million in funding round led by TCV

    [ad_1] Nikolay Storonsky, chief executive of Revolut, on stage at the MoneyConf fintech event in Lisbon, Portugal. Seb Daly | Web Summit | Getty Images British financial technology start-up Revolut has raised $500 million in a fresh round of funding that values it at $5.5 billion. The investment round was led by Silicon Valley-based venture […]

  • China to boost mass surveillance machine, experts say

    China to boost mass surveillance machine, experts say

    [ad_1] Surveillance cameras are mounted on a post at Tiananmen Square as snow falls in Beijing, China, on Thursday, Feb. 14, 2019. Qilai Shen | Bloomberg | Getty Images China could use the coronavirus outbreak to boost its mass surveillance capabilities as it looks to technology to help contain the epidemic in the world’s second-largest […]

  • Expedia cutting 3,000 jobs following ‘disappointing’ year

    Expedia cutting 3,000 jobs following ‘disappointing’ year

    [ad_1] Barry Diller, Chairman of the Expedia Group Board ยท Vice-Chairman Peter Kern, Director of Expedia Group Online travel conglomerate Expedia Group is cutting 12% of its workforce, or about 3,000 jobs, after a “disappointing” 2019, the company said. Company executives sent an email announcing the changes on Monday afternoon, writing “we recognize that we […]