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Tesla to Build a Plant in China

Tesla to Build a Plant in China

Tesla Inc. (NASDAQ: TSLA) shares rose on Tuesday after Bloomberg reported that the electric car maker reached a preliminary agreement with the Shanghai government to build an assembly plant.According to Bloomberg, the plant is expected to have the c..

Sonic's Shares Dropped After Revenue Missing Estimates

Sonic's Shares Dropped After Revenue Missing Estimates

Sonic Corp. (NASDAQ: SONC) released its financial results for the third quarter of fiscal 2018. With earnings beating expectations but revenue missing estimates, shares of the company dropped 7% in the extended session on Tuesday.“Our third qu..

FactSet Research Systems' Third-Quarter Earnings Beat Estimates

FactSet Research Systems' Third-Quarter Earnings Beat Estimates

On Tuesday, FactSet Research Systems Inc. (NYSE: FDS), announced its financial results for the third quarter of fiscal 2018.“We are making progress integrating and cross selling our acquisitions resulting in important wins this quarter, partic..

Ant Financial Hong Kong venture releases Blockchain service, Jack Ma raises concern

Ant Financial Hong Kong venture releases Blockchain service, Jack Ma raises concern

AlipayHK, a Hong Kong-based joint venture owned by China financial technology firm Ant Financial (ANTFIN.UL) and conglomerate CK Hutchinison Holdings, launched a cash remittance service powered by blockchain, between Hong Kong and the Philippines.Ho..

Fed Turns Towards Amazon's Finance Plans

Fed Turns Towards Amazon's Finance Plans

American banks have long been wary of Amazon.com, Inc. (NASDAQ: AMZN) and a number of other technology behemoths who desperately want to enter the finance train. If one goes by the latest news, the Federal Reserve has also expressed interest in the ..

Cryptocurrency Market Bearish Sentiment Continuous

Cryptocurrency Market Bearish Sentiment Continuous

Bitcoin has lost value continuously for four sessions, sliding down as much as 20 percent, while questions rise about whether the largest cryptocurrency was manipulated during its immense price surge last year. It traded at a few cents initially in ..

Citigroup Warns of Possible Major Job Cuts Due to Automation

Citigroup Warns of Possible Major Job Cuts Due to Automation

Citigroup Inc (NYSE: C), has put forward the notion that it will attempt to shed up to 50% of its technology and operations staff within the next five years. This amounts to approximately 10,000 of its 20,000 staff in the field.Jamie Forese, preside..