June 16 2022 🕓 2 min
Ferrari on the road to electromobility
Ferrari is venturing into electromobility. The Italian automaker expects fully electric cars to account for 40% of its sales by 2030.
Tag: shares
June 15 2022 🕓 2 min
Coinbase will lay off due to worse market situation
Coinbase, the largest US cryptocurrency exchange, will eliminate 1,100 jobs, equivalent to roughly 18% of the company's total workforce.
June 13 2022 🕓 2 min
MicroStrategy shares fall on Bitcoin sell-off
MicroStrategy has promised never to sell any of the approximately 130,000 bitcoins it holds. However, there is talk of margin call risk.
June 12 2022 🕓 2 min
Tesla plans another stock split
Tesla Inc. is planning a 3:1 stock split, and to do so, they need to increase the number of authorized common shares first.
June 8 2022 🕓 2 min
Spotify shares rise on news of podcast growth
Spotify shares gained nearly 6% after its investor day. The rise was mainly due to news regarding the podcast.
June 7 2022 🕓 2 min
Under Armour will be removed from the S&P 500 index
Under Armour Inc. will be removed from the S&P 500 index. It's due to poor corporate results and a not-so-cheerful future outlook.
June 6 2022 🕓 2 min
Musk threatens to cancel Twitter takeover deal
Elon Musk has warned that he could pull out of a deal to take over Twitter, for which he has offered $44 billion.
June 3 2022 🕓 2 min
Elon Musk is feeling bad about the economy and will lay off
US carmaker Tesla is halting hiring worldwide and will have to lay off 10% of its current employees. This could be up to 10,000 employees.
June 2 2022 🕓 2 min
CEO of DWS resigns over greenwashing allegations
Frankfurt police raided the offices of the DWS Group and the CEO of the company resigned a few hours later.
May 27 2022 🕓 2 min
Broadcom makes one of the largest acquisitions
Broadcom has agreed to buy cloud services provider VMware for $61 billion in cash and stock. It is the second-largest acquisition this year.
May 25 2022 🕓 2 min
The competition to switch to electric vehicles continues
Automaker Stellantis and tech giant Samsung SDI plan to together build a $2.5 billion battery plant in the US.
May 24 2022 🕓 2 min
Volkswagen could overtake Tesla in electric car sale
CEO Herbert Diess said at the World Economic Forum, that easing supply chain issues will help his company in the coming months.