Tag: million
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A $26 billion truck company with zero revenue just surged 103%
From Ed Ludlow and Craig TrudellTesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they had been before the company went bankrupt. But no stock in the automotive industry is a better sign of equity-market exuberance compared to Nikola Corp.The aspiring battery-electric and hydrogen fuel-cell truck manufacturer debuted…
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Electric cars will roll out of the Arizona desert soon
From Edward LudlowOn the outskirts of a town of Phoenix, a 720,000 square foot electric vehicle factory is currently arising in town. If all goes as intended, a luxury new battery-electric sedan will probably roll off its production line annually ’s end.Lucid Motors, a U.S. startup supported by Saudi Arabia’s Public Investment Fund, is constructing…
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Joe Rogan Signs Exclusive Deal With Spotify, Moving Show Off YouTube
Joe Rogan, host and the stand-up comedian of The Joe Rogan Experience, has partnered with Spotify at a documented nine-figure bargain that will make his show a distinctive to the firm. “Bringing the JRE into Spotify will signify that the system ’s over 286 million active consumers are going to have access to one of…
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Here’s how much of their wealth some of the richest Silicon Valley billionaires are donating to fight the coronavirus
David Becker/Getty Images Silicon Valley billionaires are collectively pledging billions of cash out of their personal fortunes towards aid capital against the devastating impact of the coronavirus. Last week, Twitter CEO Jack Dorsey announced he was donating $1 billion towards a relief fund, which he said is roughly 28% of the net worth. Additional execs…
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The United Nations just said that coronavirus could wipe out the equivalent of 195 million jobs worldwide
Reuters A United Nations agency released a report on Tuesday forecasting a 7% drop in global working hours in the second quarter. A drop so severe represents roughly 195 million full-time jobs worldwide. The devastating report comes just three weeks after the agency said the coronavirus will wipe out 25 million jobs — Guy Ryder,…
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Opinion | Stop Hating on the Hoarders
I would be lying if I mentioned my amygdala hasn’t gleamed cherry red and emitted fat tendrils of panic each time I’ve gone to the marketplace within the last two weeks and discovered the yeast shelf totally bare. Damn hoarders, I’ve mumbled to myself each time, teeth. However, by the time I get my fair…
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Apple is donating 9 million protective face masks to help fight the coronavirus pandemic (AAPL)
Getty/Stephen Lam Apple is donating 9 million protective face masks to COVID-19 relief efforts in the US, the Vice President Mike Pence said in a press briefing on Tuesday. The vice president said he and President Trump recently spoke with Apple CEO Tim Cook. Cook is one of several tech CEOs that has pledged to…
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JPMorgan boosted its Tesla stake by 600% last quarter, potentially scoring it a $1 billion return
Getty Images JPMorgan Chase potentially made $ 1 billion over in Tesla in under two weeks. The lender’s investment arm boosted its position by 600 percent last quarter to approximately 2.5 million shares. Those shares have approximately tripled in value to $2.1 billion thanks to Tesla’s stock rally. JPMorgan sold in the perfect moment and…
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A famous hedge fund bought Tesla stock before it surged 91% this year. It potentially raked in over $1.5 billion from the bet.
AP Renaissance Technologies possibly made around $1.5 billion in two weeks after buying Tesla stock . The hedge fund increased its position on 3.9 million shares, worth about $1.6 billion in the end of December. These stocks are now worth nearly $3.2 billion following Tesla’s 91% inventory rally this year. If Renaissance bought Tesla at…