Within minutes of the stock market’s open on Tuesday, shares of Tesla shot up 17%. Which feels extraordinary, except for the fact that they gained more the previous day.
Author: Agency Staff
Transnet is working with Eskom to reduce the ailing power utility’s costs by increasing the supply of coal delivered by rail and improving the quality and reliability of the primary feedstock for its thermal plants.
Instagram, the photo-sharing app Facebook acquired for $715-million in 2012, generated more than a quarter of the social media company’s revenue last year, according to people familiar with the matter.
As Tesla observers try to understand how and why the stock has tripled in a little more than three months, analysts are second-guessing the notion that the Model 3 maker will be caught anytime soon.
Huawei Technologies and ZTE on Monday asked US regulators to keep them off a list of companies deemed national security threats, a label that would bar them from selling gear to subsidised US carriers.
Alphabet reported quarterly revenue that missed analysts’ estimates on waning search advertising growth, while new sales numbers on YouTube also disappointed Wall Street.
South Africa should establish a new entity that would generate electricity and reduce the nation’s reliance on state utility Eskom, mineral resources & energy minister Gwede Mantashe said.
President Cyril Ramaphosa defended his track record on reform and said policy measures being implemented by the government will yield stronger economic growth in time.
Bernard Ebbers, the ousted CEO at WorldCom whose corporate malfeasance led to imprisonment, has died, the Associated Press reported. He was 78.
Cryptocurrencies briefly jumped amid chaotic trading in Asia after China’s stock markets reopened to steep losses following an extended holiday shutdown.