Tesla´s shares jump again Shares of the electric vehicle company soared 13.5% to lead the Nasdaq Composite higher after the firm beat fourth-quarter and full-year delivery expectations.* Tesla delivered 308,600 electric vehicles in the fourth quarter of 2021, better than an estimate of 267,000. Deliveries are the closest approximation of sales reported by Tesla. Performance […]
Bitcoin mining has recovered Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline virtually overnight earlier this year. The recovery is measured by looking at hash rate, an industry term used to describe the computing power of all miners in the bitcoin network. As of […]
New battery factory Toyota Motor has announced plans to build a new battery plant in North Carolina. The value of the investment is expected to be around $ 1.29 billion for electrified vehicles. Production is expected to provide enough lithium-ion batteries for 200,000 fully electric and plug-in hybrid electric vehicles and is not expected to […]
Gold climbs up after Omicron’s spread Gold jumped as investors grappled with the widening spread of a new coronavirus variant as well as inflation that’s proving to be more persistent than previous predictions. Gold has been relatively choppy lately as the omicron issue has been tough to figure out at the moment, with so little […]
Warning against slower growth Zoom reported its quarterly earnings, which performed better than expected. However, together with the results comes a forecast that warns investors against a slowdown in sales growth. The reason is that the pandemic is coming to an end. The platform’s revenues increased by 35% compared to 2020 in the quarter ending […]
Bitcoin drops nearly 7% Bitcoin and other cryptocurrencies fell sharply on Tuesday, retreating from near-record highs. Bitcoin fell toward 60,000 USD during late morning trade Singapore time, according to CoinDesk data. Earlier this year, China cracked down on bitcoin mining, leading to an exodus of miners. Mining is an energy-intensive process that creates new coins […]