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Trading stocks is not a decision that one should take lightly. For some people, trading stocks is a profession, meaning you’ll have to acquire the trading skills and knowledge to match them up and be successful. But the same as any musician or a handyman must have the right equipment in order to function effectively,…
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The worsening economic crisis has taken its toll on America’s number two automaker Ford Motor Co, as it posted a 12.5% fall in US auto sales for the first quarter of the year. The carmaker’s stock slipped just under 1% to close at $4.36 on Thursday. Year-to-date, Ford’s stock is down 47%, and that’s just…
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Billionaire Elon Musk (pictured) jumped to the defense of under-pressure Twitter chief executive Jack Dorsey, as activist investors try to remove the social media founder. But Musk tweeted: “Just want [to] say that I support @Jack as Twitter CEO.” The chief of Tesla and SpaceX added that he thinks Dorsey has a good heart, using…
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Tesla Chief Executive Officer Elon Musk’s net worth is now six times more than the cumulative wealth of the top 20 richest Hollywood actors. Data gathered and calculated by LearnBonds.com indicates the top actors control a combined fortune of $6.55 billion. On the other hand, Musk’s net worth stands at $40 billion, placing him in…
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In 2019, a German Multinational auto manufacturer, Daimler, reported a 64% drop in net profit. Surprisingly, it’s the biggest drop in profit for the past 10 years, despite record sales of its Mercedes-Benz car models. This drop on profit is partially a result of the 5 billion Euros CEO Ola Kaellenius signed off on restructuring…
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Elon Musk, the CEO of Tesla, SpaceX, and essentially the real-life Tony Stark, has recently shared his thoughts on Bitcoin and cryptocurrencies in general. Speaking on the Third Row Tesla Podcast, and reported by Forbes, Musk noted that he is fairly neutral on the asset. More specifically, his lines were “I’m neither here nor there…
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According to reports, Hyundai and Kia will be investing $110 million in Arrival Ltd, a UK electric van startup. The statement made by the companies on Thursday confirmed that the fund is to help Arrival start selling its battery-powered delivery vans before the end of next year. The London –based electric car startup was established…
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A Nigerian oil company, Lekoil, suspended its trading on the London Stock Exchange as a result of purported fraudulent loan agreement with the Qatar Investment Authority (QIA). The trading of the company’s shares was suspended after the Qatar Investment Authority official approached the oil company about the legitimacy of the loan. Lekoil initially listed its…
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Apple Inc wants to recycle electronics differently to encourage the recovery and reuse of minerals. According to the company, It wants to use robot technology that can disassemble its phone. The California-based firm stated that there is an increased global demand for electronics, which means that the electronics industry would need more mines. iPhone pursues…
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China’s FAW Group is aiming to double its sales of the Hongqi car brand choice to 200,000 this year. In a statement made by the Group’s chairman, Xu Liuping, the company is also hoping to expand the production from 200,000 this year to about 1 million within the next ten years. Liuping mentioned in the…
