business
IBM is updating its mainframe chips with the Z15. It is a 14-nanometer chip. This matters because COBOL and mainframes are still processing the bulk of global business transactions. The IBM presentation was at the Hot Chips conference which was …
Apple had a high share price for the year of $464.17 on Thursday, which put it briefly over $2 trillion in value. Apple was the second company to reach $2 trillion. Saudi Aramco briefly traded over $2 trillion in 2019. …
Apple announced a 4:1 stock split on July 31 and today Tesla announced a 5:1 stock split. The Tesla stock split would convert Tesla from a $1400 stock to five $280 share. Apple shares went up about 15% after the …
Tesla had $104 million in GAAP profit for the second quarter. They generated positive free cash flow of $418M. They have met all qualifying criteria for SP500 inclusion. There needs to be a meeting and actual approval by the SP500 …
Jeff Bezos has gotten about $7 billion richer so far today as Amazon is trading up 3.5% and Elon is up 13-14% in his Tesla holdings. UPDATE- Tesla stock ended up down for the day. So Elon is back to …
Apple is trading up 4.3% and has a valuation of $1.73 trillion. Saudi Aramco is at $1.77 trillion. The price of Aramco shares are 33.3 riyals. At 36.8 riyals it was worth $1.96 trillion. At 33.3 riyals it is $1.77 …
The staffing levels at SpaceX and the production rate of Super Heavy boosters and Starship upper stages can be used to estimate the current and future costs for each Starship and Super Heavy booster. Elon Musk is increasing the staff …
The world is moving so fast these days that the man who says it can’t be done is generally interrupted by someone doing it. Elbert Hubbard A new medical development is sweeping the country Some may see it as …
Legendary stock market investor Warren Buffet added $10 billion in cash in the first quarter of 2020. Berkshire had a record $137 billion in cash and equivalent instruments on its balance sheet at the end of the first quarter, up …
Let us take a look at Ford Motors versus Tesla. Elon Musk, CEO of Tesla, went on a verbal rant and dropped an f-bomb against the coronavirus shutdown during Tesla’s earnings call. Elon has continued to rail against the shutdown …
More Stories
The South Australian government has promised to deliver the “biggest hit of economic adrenalin in South Australian history” in Tuesday’s budget.
Boris Johnson will proceed with his controversial Brexit bill despite US president-elect Joe Biden having previously warned the UK over the draft legislation.
Singapore-based Nektar.ai, a productivity platform for sales teams, has raised $2.15 million in seed funding. Founded earlier this year, Nektar has been working in stealth mode with five companies, and has plans for an early adopter release before a public la…