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The US commerce department will extend a trade license to US companies to do business with Huawei Technologies. A close source said the extension would last for 14 days.The source said, although the two weeks extension is relatively too short, both parties are making an arraignment to give a much longer break of up to…
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JD.com (NASDAQ: JD) stock price stabilized since the start of this year after experiencing a huge selloff during the second half of 2018. The rebound is backed by improving sentiments for the trade agreement between China and the United States. In addition, substantial revenue and earnings are adding to a bullish attitude. Although JD.com’s stock…
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Ford in an attempt to maintain its competition with Tesla has now released a new Sport Utility Vehicle that bears the name of Mustang. The brand is specifically referred to as the Mustang Mach-E, the first of its kind. Its design was chosen for the compactness of and its features for its utmost functionality. The…
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Apple CEO Tim Cook and the US President Donald Trump will inspect the Texas factory of the company next week. Although no formal announcement has been made about the tour, people who are familiar with the tour arrangements said the tour would happen as early as next week. According to the sources, the details about…
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Alibaba (NYSE: BABA) stock price remains steady after posting record Singles’ Day sales of $38 billion. Despite record sales, the sales growth remains weakest since it started this event in 2009. The annual shopping festival sales growth stood around 26% this year. The deceleration in sales growth is due to the slowing e-commerce industry in…
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Alibaba (NYSE: BABA) stock price rebounded substantially after experiencing a bearish trend during the past two quarters. BABA shares are currently hovering close to a previous all-time high of $195. The stock price bounce back is supported by several factors such as trade war agreement, financial performance, and the broader market rally. Baba shares rallied…
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Tesla (NASDAQ: TSLA) stock price is on the verge of reversing losses that it had made early this year. The stock price already rallied more than 45% from a 52-weeks low of $180 a share. The share price upside momentum is supported by significant expansion in profits and cash flows. In addition, the growth prospects,…
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China-based Tencent, one of the biggest companies in the world, is prepping to open its own blockchain-based bank thanks to a new license approved by the Hong Kong Securities and Futures Commission (SFC). We learned this news via Yige Cai, the blockchain chief at the company, at the World Blockchain Summit in Wuzhen, China, and…
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China’s Alibaba said it will spend 23bn yuan ($3.3bn) to tighten its grip in a logistics firm at the heart of the sprawling e-commerce giant‘s empire. The online group said it would up its stake in Cainiao Smart Logistics Network to 63 per cent from 51 per cent, in a bid to exert more control…
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German banks have called on the European Union to create a digital euro to challenge the threat of Facebook’s Libra and China’s Alipay. The Association of German Banks, which represents over 200 lenders, said a “crypto-based digital euro should be created”, linked to the current financial system. It added that European regulators should allow the…
