Tesla shares rocket as electric car stock ends slump March 9, 2021 Shares in electric car firm Tesla shot upwards nearly 20 per cent today, bringing an end to five days of losses. Having shed a third yesterday, the stock rallied in dramatic style today, picking up 18.6 per cent amid a wider rally in Nasdaq-listed tech stocks. Since hitting an all-time high on 26 January, the [...]
Google owner Alphabet beats revenue expectations as ad spend recovers April 27, 2021 Google’s parent company Alphabet beat Wall Street estimates for the first quarter amidst a recovery in digital ad spend. Revenue rose to $55.31bn in the first quarter from $41.16bn a year earlier, beating analyst estimates of $51.7bn according to Refinitiv data. Alphabet shares rose about five per cent to $2,405 in after-hours trading. Digital advertising [...]
This shakeout isn’t done yet – there will be more crypto casualties November 18, 2022 Jason Deane carefully picks apart the events of the last week to see what effect they've had on the cryptocurrency markets.
Ignore Elon Musk’s doom-mongering – AI will strengthen our society, not break it September 10, 2019 In Elon Musk’s mind, the dystopian thriller Ex Machina is forecast, not fiction. Debating Alibaba’s Jack Ma at the World AI Conference at the end of August, Musk claimed that humanity was directly threatened by the development of artificial intelligence, and that human beings were simply a “biological boot loader for digital super-intelligence”. The billionaire [...]
Rivian: America’s next top model? November 26, 2021 In 2020, despite a global pandemic making it more difficult for anybody that wanted to grab a beer at the end of a long work-day, Anheuser-Busch – the makers of Budweiser and a whole range of other alcoholic drinks – brought home revenues of a cool $46bn. Listed in New York, its market cap stands [...]
CBDCs need kicking into the long grass to allow Bitcoin’s potential to flourish November 4, 2022 Jason Deane is left scratching his head at the news narratives this week, but Bitcoin is looking like a certainty in an uncertain world.
Oil hits 14-year highs and closes in on $130 per barrel amid fears of tightening supplies March 7, 2022 Oil prices soared to $130 per barrel earlier this morning - its highest level since 2008 - amid supply fears.
Walmart sues Elon Musk’s Tesla after fires blamed on its solar panels August 20, 2019 Retail giant Walmart is suing Elon Musk’s electric car and clean energy business Tesla alleging that solar panels it supplied were responsible for fires at seven of its stores, according to a lawsuit filed in New York today. The fires destroyed significant amounts of store merchandise and required substantial repairs, totalling hundreds of thousands of [...]
Oneweb raises $550m as French satellite firm Eutelsat takes major stake April 27, 2021 Oneweb today said it had raised $550m (£395m) in fresh funding from French satellite firm Eutelsat as the race to roll out space internet services gathers pace. Eutelsat, which is part owned by the French state, will take a stake of roughly 24 per cent in the British company and take on similar governance rights [...]
Web3 is a triumph of evolution over Web2, and we need to embrace this gift March 22, 2022 Crypto AM's Dr Chris Kacher explains why a spritely Web3 wins on every level in a head-to-head with the lumbering Web2.