Uber Enters the Cannabis Market, With Orders in Ontario
Uber is entering into the marijuana market, as Uber Eats users in Ontario, Canada, will now be able to purchase cannabis products on the app, according to a report by...
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Best Buy Raises FY22 Guidance as Q3 Sales Surge 2%
Best Buy Co., Inc. domestic revenue in the third quarter of 2022 rose 1.2% from the prior year to $10.99 billion. The revenues were boosted by comparable sales, which increased...
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XPeng’s Third-Quarter Revenues Grew 187.4% YoY to RMB 5, 719.9M
XPeng posted a record high revenue of RMB 5.72B ($888M) in Q3, up 187% YoY and above Wall Street’s estimates of RMB 5.21B, according to a news release by XPeng...
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Axie Infinity DEX, Katana Surges by 4,615,280 Percent in the Last Two Weeks
Axie Infinity is growing wildly in the GameFi space as the network continues to expand, according to a report by Ambcrypto on Friday. Axie Infinity unveiled their Ethereum link to...
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Tesla Likely to Hit $1,400 on Expected Growth in EV Market to $2.5T, Says Top Analyst
Dan Ives has upgraded his price forecast on Tesla’s stock, believing the automaker is poised to contribute to the growing EV market, according to a report by electrek on Friday....
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Alibaba Q2 Earnings Per Share Plunge 38% YoY as Revenue Miss Estimates
Alibaba reported Q2 results that missed revenue and earnings estimates, as slowing economic growth in China, according to a press release by Alibaba on Thursday. The revenues of the company...
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GlobalFoundries Inks Deal to Boost Chip Supply to Ford as Shortages Bite
Chip manufacturer GlobalFoundries Inc has agreed to work together with Ford Motor Co. to boost chip supply to the automaker, according to the company’s press release. The non-binding agreement involves...
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CONE Stock Soars Nearly 5% On the Take-Private Deal With GIP and KKR
Investment firm KKR & Co. Inc and Global Infrastructure Partners agreed to acquire CyrusOne Inc for nearly $15B, according to a report by Markets Insider on Monday. The agreed $90.50...
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Shell Moves Tax Base to UK and Discards Dual Share Structure
Royal Dutch Shell Plc. announced a huge revamp of its legal and tax structure that will see the firm move away from the Netherlands, according to a report by Bloomberg...
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Elon Musk Sells More Tesla Shares Worth Around $700 Million
Billionaire Elon Musk sold more shares valued at nearly $700M, as the Tesla boss capitalizes on the company’s rally past $1T, according to a report by Reuters on Friday. The...
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AstraZeneca to Start Making Profits from COVID-19 Vaccine in 2022
Anglo-Swedish pharmaceutical firm AstraZeneca will start to price its COVID-19 vaccine to make it profitable starting next year, the company announced. AstraZeneca said it will move away from its nonprofit...
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Xpeng Shares Jump Double Digits on Sneak Peek of New SUV
Chinese carmaker Xpeng Inc. saw a double-digit jump after releasing a sneak peek of its new sports utility vehicle scheduled to be officially launched next week, CNBC reported. The latest...
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