Tesla’s master plan could cost $10bn
Tesla’s master plan could cost the automaker “tens of billions” of dollars over the long term, but would likely require only a “modest” capital raise, Elon Musk said after a tour of his gigafactory in […]
July 2016
China advocates global tax system
A well-organized international tax system should be implemented with a goal of greater fairness and inclusiveness, Chinese Finance Minister Lou Jiwei said at the Group of 20 summit. The need for one, Lou said, is […]
AgTech, investment in agricultural technology
There has been an explosion in funding for startups that offer technological solutions to farmers, but questions remain about whether the market can sustain these businesses. Farmers may be reluctant to buy complex products and […]
Japan reportedly preparing much larger fiscal boost
The Japanese government is betting heavily on infrastructure projects as it prepares to possibly double direct fiscal outlays over the next few years to lift the economy, according to the Nikkei newspaper. The new ¥6 […]
Apollo Global affiliates to take Redbox owner private
The company that runs Redbox video-rental kiosks, Outerwall, said it has agreed to be acquired and taken private by affiliates of Apollo Global Management, the private equity investor, in a deal valued at $1.6 billion. […]
“Pokemon Go” prediction drives down Nintendo stock
Nintendo’s share price has declined the most in 26 years after the company said “Pokemon Go,” despite spectacular popularity, probably won’t generate enough profit to boost its earnings outlook. Nintendo is scheduled to announce results […]
Brexit could undercut US financial stability for years
The UK vote to withdraw from the EU is “a negative shock to investor confidence” that has increased risk to the stability of the US financial system and could lead to excessive risk-taking and borrowing, […]
Tesla has doubled the labor force working on its $5B battery factory
Tesla has doubled the labor force working on its $5B battery factory in the Nevada desert, aiming to meet demand for its coming Model 3. Now, 1,000 workers build seven days a week on two […]
Amazon is partnering with the U.K. government to expand drone testing
Amazon is partnering with the U.K. government to significantly expand drone testing, a move that could let the devices deliver packages to British homes far earlier than in the U.S. The agreement allows Amazon (NASDAQ:AMZN) […]