Tesla’s 10-Q SEC Filing
Seeking Alpha’s news team did a great job with the summary, as written below: It says it expects to spend about $520M during 2016; in the six months ended June 30, it says it used […]
2016
China’s debt may be far greater than commonly believed
At first glance, China’s national debt burden of less than 50% of GDP appears manageable, but the figure that includes all sources is comparable to — or worse than — that of the US during […]
Legal action in UK may lead to cancellation of Brexit
A wave of lawsuits combined into one may keep the UK from exiting the EU without a vote in Parliament. That vote could ultimately prevent the government from invoking Article 50, the necessary first step […]
Pokemon Go’s revenues reached more than $200m in 30 days
“Pokemon Go” has passed the $200 million in global revenue milestone in the first 30 days following its launch, data from a Sensor Tower report indicate. Revenue is driven largely by in-app purchases and is […]
China’s exports fell 4.4% on-year, while imports fell 12.5%
China’s exports and imports fell more than expected in July, making a rocky start for the third quarter and suggesting global demand remains weak in the aftermath of Britain’s decision to leave the EU. Exports […]
Walmart buys Jet.com for $3 billion in cash and $300 million in Walmart stock
Wal-Mart will reportedly announce its $3.3B purchase of online retailer Jet.com today in what appears to be the largest-ever acquisition of an e-commerce company. Under the terms of the deal, Jet co-founder and chief executive […]
Airbus under investigation for potential bribery and corruption in UK
Britain’s Serious Fraud Office has launched a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus (OTCPK:EADSY), escalating a probe that had been simmering for months. The move […]
Most ETFs launched this year are dominated in equities
Fund managers have brought 139 exchange-traded funds to the US retail market this year, down from 160 in the same period last year, but equities remain the focus. This year, 40% of launches invest in […]
Current-account surplus surges in Japan by 31.3%, largest since 2007
Japan’s current-account surplus soared 31.3% in the first six months of 2016 to reach 10.63 trillion yen, the biggest total since the second half of 2007. The increase is fueled by rising revenue from foreign […]