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Alibaba Group Holding Ltd signed a deal estimated at $900 million to offload its investment in Meituan-Dianping, China’s biggest provider of online restaurant bookings, movie ticketing and a host of other on-demand services. Meituan-Dianping, formed last year from a merger of two competing start-ups, was sold to a consortium of investors, some of which had…
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It is unlikely that the Syrian civil war will be ending anytime soon. However, in recent weeks, there has been a surge in diplomatic efforts to end the conflict, with major international and regional players working together, to find common ground and start a political process. Furthermore, towards the end of September 2015, the Russian…
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Tesla Motors Inc has not been all that open about when those that have put down deposits for the Model X can expect to see their car. Those still waiting for delivery, which is everybody bar a handful of Tesla Motors friends, have heard very little about when the EV SUV will get to their…
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Tesla Motors Inc is expanding its products offerings and also improving the speed at which it makes them. The firm is bringing more and more manufacturing in-house, and now it plans to bring second-row seats of Model X in-house. The firm made that reveal as part of its earnings report for the third quarter. Model…
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Tesla Motors Inc held a launch event on Wednesday for the Model X, an EV SUV that the firm promised three years ago. There’s been a bit of a mixed reaction to the car so far. Those reading about the Model X for the first time are amazed by its apparently futuristic features, those who…
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SPDR Gold Trust (ETF) buyers are in a risky situation. Those that have been holding onto shares in the ETF have lost more than 7 percent since the start of the year. “Store of value” may no longer be the best way to think about gold and nothing scares gold bugs more than whispers of…
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Apple Inc. (NASDAQ:AAPL) didn’t launch a new Apple TV at its WWDC keynote on June 8, and that set the firm’s HomeKit project back quite a few steps in time. A new HomeKit device, a thermostat that can be controlled with your iPhone, is set to go on sale in Apple stores around the US…
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Wal-Mart Stores, Inc. (NYSE:WMT) has vowed it would begin to purchase thousands of products manufactured within the borders of the United States. Many consumers have celebrated this initiative, and they may have already seen products on its website with “Made in the USA” labels. These claims may not be entirely true, says a new investigative…
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Netflix Inc (NASDAQ:NFLX) shares opened significantly higher on this morning’s market after rumors that the company was planning a decisive move for the Chinese market were given weight. A Bloomberg report published on Friday morning suggested that the video streaming service was in talks with Alibaba Group Holdings Ltd (NASDAQ:BABA) in order to make a…
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Tesla Motors Inc (NASDAQ: TSLA) CEO Elon isn’t the only Musk on the company’s board. His brother Kimball also owns a substantial part of the company, and he just bought more at an incredibly low price. According to a filing made with the Securities and Exchange Commission on Wednesday, Kimbal Musk bought 3,666 shares in Tesla…
