Tag: Startup

Share to FacebookShare to TwitterShare to LinkedinTopline When Tesla CEO Elon Musk revived his deal to buy Twitter for $44 billion this week, he called it on Tuesday “an acceleration to creating X, the everything app”—and while the billionaire has not offered many details on his ideas for the application, previous comments suggest he wants…

Tech giants don’t bring good news for investors.  While the markets are looking for reassuring news on the health of the economy, Silicon Valley is only delivering very bad news.  In recent weeks, red signals have been sent by Alphabet  (GOOGL) , Microsoft  (MSFT)  and Meta Platforms  (META) .  Last month, Alphabet CEO Sundar Pichai…

Here are five things you must know for Tuesday, October 4: 1. — Stock Futures Higher as October Relief Rally Enters Day 2U.S. equity futures were firmly higher on Tuesday after posting a broad-based rally on Monday that snapped a sharp losing streak that saw the Dow Jones Industrial Average and the S&P 500 rack…

Biotech investors have no shortage of troubles at the moment. They may soon need to add a soaring U.S. dollar to the list. Twist Bioscience  (TWST) , 10x Genomics  (TXG) , and others that serve as the engine for the biotech and synthetic biology sectors generate only about half to two-thirds of their revenue from…

Elon Musk is not a Chief Executive Officer like the others.  Tesla’s  (TSLA)  boss is atypical.  He refuses to obey the rules often imposed on executives of public companies. The billionaire did not hesitate to relaunch the showdown with the U.S Security and Exchange Commission (SEC) despite a 2018 settlement with the regulator. In September…

The third quarter was a record time for Tesla  (TSLA) , the powerhouse that dominates the electric vehicle market.  The company, whose activities are closely watched because they are an important indicator of the health of the auto sector, announced on Oct. 2 new vehicle delivery and production figures higher than the previous quarter. Tesla…

Elon Musk wants to transform civilization as we know it.  The richest man in the world wants to be remembered as a visionary and not as a simple entrepreneur who knew how to detect the direction of the wind of innovation. The tech tycoon wants to differentiate himself from Steve Jobs, the revered founder of…

Share to FacebookShare to TwitterShare to LinkedinTopline The U.S. economy shrank for a second quarter in a row this year, a third and final estimate from the Bureau of Economic Analysis confirmed Thursday—once again signaling the start of a technical recession even as economists predict signs of a slowdown will only grow in the coming…

Elon Musk has accustomed his millions of fans to great promises.  He hasn’t been shy about promising self-driving vehicles for 2018.  He was back at it in 2018, when he promised that Version 9 of the FSD feature would begin rolling out in August. He did it again during Tesla Autonomy Day in 2019, proclaiming…

The 400 wealthiest people in America are poorer this year. Tech tycoons have taken the brunt of the beating. A year ago, America’s technology billionaires were soaring, with markets near all-time highs and VCs pumping big money into startups. What a difference a year makes. Stock prices have dropped and inflation surged, making the members…