Tesla Inc on Tuesday signed agreements with Shanghai authorities that will allow it to open a plant in the Chinese city with an annual capacity of 500,000 cars, local media reported.
Airbus gave its newly acquired Canadian CSeries jet a new name and looked close to winning an inaugural order on Tuesday as it prepares to broaden its battle with Boeing for jet sales.
Wall Street opened higher on Tuesday, boosted by PepsiCo’s strong quarterly results and gains in energy shares.
PepsiCo’s beverage sales are still struggling as the company tries to adjust to Americans’ changing drinking habits. The maker of Gatorade, Mountain Dew and Tropicana said Tuesday that sales volume declined for its North American beverage unit in the second quarter. The dip came despite the company’s efforts in recent years to introduce new drinks that are in line with trends. …read more […]
Venture capital firm Lightspeed Venture Partners has raised $1.8 billion to invest in startups from cryptocurrency to beauty supplies, hoping to build on its streak of lucrative bets in companies such as Snap Inc , the firm’s partners told Reuters.
Oil prices rose by over 1 percent toward $79 per barrel on Tuesday due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months.
The current bull market is likely to continue galloping for years to come, pushing the Dow Jones Industrial Average above 40,000 by 2025. …read more […]
Volkswagen said it has agreed to cooperate with China’s FAW Group and the China Intelligent and Connected Vehicles Research Institute (ICV) on technologies including e-mobility, connectivity and autonomous driving.
U.S. stock index futures rose on Tuesday, as focus turned to the U.S. corporate earnings season that kicks off this week, while worries of a trade dispute took a back seat in the wake of encouraging economic data.
Tesla Inc. is planning a factory in China with a capacity for 500,000 vehicles a year, its biggest step beyond the U.S. so far, according to people familiar with the matter. Tesla is due to sign a memorandum of understanding with local entities in Shanghai, the people said, asking not to be identified as the information isn’t public. Bloomberg reported earlier that Chief Executive Officer Elon Musk would be in the city for an event with the government on Tuesday. …read more […]
Airbus unveiled a new identity for the 110-130-seat CSeries passenger plane on Tuesday as it prepares to broaden its battle with Boeing to small passenger jets.
Here are five nuggets of wisdom from some of the best investors of all time. …read more […]
PepsiCo Inc reported second-quarter revenue and profit that topped Wall Street estimates as higher sales in its Frito-Lay unit in North America helped offset sluggish demand for beverages.
Musk has floated a number of ways to rescue the Thai soccer team stuck in a cave, and sent engineers to the site. The Thai prime minister said he was “highly appreciative” of Musk’s initiative. Elon Musk has floated a variety of ways to help free the members of the Thai soccer team — but his kid-sized submarine has been politely rejected for being “not practical” for the mission. …read more […]
Thyssenkrupp’s workers and its leading shareholder will serve as an anchor of stability at the company following the sudden departure of Chief Executive Heinrich Hiesinger, they told a German regional newspaper.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
