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Amazon.com, Inc. will go into massive debt in order to buy Whole Foods Markets Inc, according to a press release published by the firm on Tuesday morning. According to the release the firm “expects to use the net proceeds from the offering to fund all or a portion of the consideration for its acquisition of…
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Advanced Micro Devices, Inc. shareholders are jubilant on Wednesday morning. Before the market is set to open, the firm’s shares were up by more than 10 percent. The reason for the jump in value was a n earnings report released after the market closed on Tuesday afternoon, July 25th. Not everyone is so positive on…
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For a man with over 1.6 million followers, Elon Musk has a brief feed to consider on Instagram. That’s because the popular tech billionaire only follows 21 people on the image sharing platform. However, Musk does include SpaceX, Tesla and that ever so Boring Company on his list of posts to watch. Elon is a busy man…
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Alphabet Inc subsidiary Google and Fiat Chrysler Automobiles NV have developed a new infotainment system using Android. The next-generation connected car system featuring Android will be demonstrated at CES 2017 in Las Vegas. The event will take place at the Las Vegas Convention Center from January 5 through January 8. Android Infotainment System Last year,…
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Apple Inc. – the iPhone making giant – may not become an automaker, but it sure does want to develop its own automated technology for cars. There are reports that Apple’s automotive project focus has now shifted to creating the tech for a self-driving vehicle that does not require a human driver. Apple really rethinking its…
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SolarCity Corp (NASDAQ:SCTY) saw a major shareholder dump a large quantity of company stock. One of the biggest SolarCity investors sold off nearly 800,000 shares at the end of the first quarter. By the time June came to an end, the hedge fund controlled just a little more than 43,000 shares of the struggling Elon…
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SolarCity Corp (NASDAQ:SCTY) may see a solar boost in Rhode Island. The Ocean State passed new energy laws late last week that would expand tax exemptions and other incentives so that residents and homeowners embrace alternative energy. This would greatly benefit SolarCity and other green energy firms. SolarCity Corp Gains From Rhode Island Laws SolarCity…
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When reports emerged that the UK electorate had voted to leave the EU (results were announced on the 24/06/2016), the UK’s domestic currency, the British Pound plummeted e.g. at one stage, Sterling was down by around 10% to the US Dollar . Many analysts & financial institutions speculated that the pound would fall in value…
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General Motors Company is working with the Office of Naval Research and the U.S. Naval Research Laboratory to build underwater drones. The automaker is developing hydrogen fuel cell-powered drones that can operate without recharging for more than 60 days, Fortune reported. The hydrogen fuel cells convert hydrogen into electricity, resulting in vehicles with greater range…
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An electric car is the new widely-rumored product in Apple Inc.’s pipeline. Everyone is expecting the iPhone maker to come up with the car, but there are various reasons why the tech giant should be wary of getting into the automobile business. Why Apple Must Not Build Electric Car Apple could face a long list…
