Year: 2020

If you’re paying too much for your cable bill, there are plenty of ways you can save money. …read more […]

The biotech sector has received a lot of attention and hype lately because of the COVID-19 pandemic. The outbreak has highlighted the importance of science in advancing the course of humanity. Investors have been taking notice and are making investment choices. There has been a lot of activity in the biotech sector, most especially as […] …read more […]

Demand for Tesla‘s vehicles in China has been a key part of the story for its stock. Now one analyst has increased his price target, saying he believes Tesla’s production and demand trajectory in China” is “robust and stronger than expected” for the third quarter. Tesla stock price target to $475 for China demand Wedbush analyst […] …read more […]

(Bloomberg) — The last time Elon Musk held a Tesla Inc. briefing similar to the battery day event he’ll host this week, he boasted about his track record of following through on big promises.“All these things, I said we would do them, we did it,” Musk said during Tesla’s April 2019 autonomy day. “Only criticism—and it’s a fair one—is sometimes I’m not on time. But I get it done and the Tesla team gets it done.”The chief executive officer was right in some respects and candid in nodding to the times it took Tesla longer than he predicted to bring …read more […]

Oracle will take a 12.5% stake in TikTok Global and store all its U.S. user data in its cloud to comply with U.S. national security requirements, the companies said on Saturday. Retail giant Walmart said it would take a 7.5% stake. …read more […]

(Bloomberg) — Skyrocketing gold is providing a welcome windfall to the mining industry, but it’s also attracting a broader base of investors who are demanding greater attention to environmental, social and governance topics.Interest in ESG issues has moved to the forefront in conversations with stakeholders in the past year, top executives said in the run-up to the Denver Gold Group’s Americas conference, a key annual event in the precious-metals world. Such talks come as investors snap up billions of dollars in stock offerings from once-shunned gold miners.Generalists are looking at bullion because of the high prices and “the strong argument …read more […]

(Bloomberg) — China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address U.S. security concerns, according to a person familiar with the matter.Oracle and Walmart have rights to buy 12.5% and 7.5% respectively of a newly established TikTok Global under an agreement that won the approval of President Donald Trump, the person said, asking not to be named discussing private negotiations. The two companies would pay a combined $12 billion for their stakes if they agree to that asking price.The final valuation had …read more […]

The pandemic-led slowdown in several businesses was expected to severely drag down FedEx and United Parcel due to lower B2B (business-to-business) shipments. But social distancing restrictions and the temporary closure of retail stores caused an unprecedented rise in e-commerce sales, which in turn boosted the demand for FedEx and UPS. Prior to the pandemic, Fedex projected that the US domestic market would touch 100 million packages per day by 2026. But now the company predicts that the US domestic parcel market will hit this mark as soon as 2023.FedEx and UPS are now gearing up for the holiday season, which …read more […]

TikTok users in the U.S. got a one-week reprieve from the Trump administration’s download ban on the popular short-form video app. The announcement of the postponement of the ban came after President Trump said he gave his “blessing” to a multiparty deal under which TikTok will become majority-owned by a group of U.S. companies and […] …read more […]

(Bloomberg) — Donald Trump gave his blessing to Oracle Corp.’s bid for the American operations of TikTok, putting the popular video-sharing app on course to escape a U.S. ban imposed as part of his pressure campaign against China.“I approved the deal in concept,” Trump told reporters Saturday as he left the White House for a campaign rally in Fayetteville, North Carolina. “If they get it done, that’s great. If they don’t, that’s OK too.”The new company, which will be called TikTok Global, has agreed to funnel $5 billion in new tax dollars to the U.S. and set up a new …read more […]

TikTok owner Bytedance said in a social media post on Sunday that it was the first time it had heard in the news it was setting up a $5 billion education fund in the United States. U.S. President Donald Trump said he had approved a deal, which included a $5 billion education fund, to allow TikTok to continue to operate in the United States. “The company has been committed to investing in the education field, and plans to work with partners and global shareholders to launch online classroom projects based on AI and video technology for students around …read more […]

REDWOOD SHORES, Calif. and BENTONVILLE, Ark. …read more […]

(Bloomberg) — Oracle Corp.’s agreement to take a stake in TikTok has won the long-awaited blessing of U.S. President Donald Trump.The proposal, which would give Oracle and other investors minority ownership of a new company called TikTok Global, still needs approval from regulators in China, where TikTok’s parent ByteDance Ltd. is based.Trump’s praise for the agreement suggests that weeks-long deliberations over the fate of a popular music and video-sharing app are nearing completion. ByteDance began holding discussions with investors in its U.S. operations after the Trump administration threatened to shutter the business, saying that it poses a threat to national …read more […]

(Bloomberg) — Oracle Corp. said it plans take a 12.5% stake in TikTok Global and become the cloud computing provider to the newly formed company, culminating weeks of negotiations over a popular video-sharing app that became the focus of U.S.-China tension.Oracle and Walmart Inc. together could end up with as much as 20% of the entity, to be called TikTok Global, purchased in a round of financing that would precede an initial public offering, TikTok said. Sequoia Capital and General Altantic, current investors in TikTok parent ByteDance Ltd., could also pursue stakes in that fundraising round, a person with knowledge …read more […]

Oracle said it will take a 12.5% stake in the new TikTok Global, a U.S.-based entity formed from the Trump administration’s demand that the popular video app’s Chinese parent company, ByteDance, divest its U.S. operations to American owners. Oracle confirmed its plans to take the ownership stake in TikTok shortly after President Trump said Saturday […] …read more […]