Business

“With each successive design iteration, you can add more things, you can figure out better ways to produce it, so it gets better and cheaper,” Musk said. With “natural progression of any new technology, it takes multiple versions and large volume to make it more affordable.” Currently one of the top trade-ins for a Tesla
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DoorDash, the food delivery business, has raised $250 million and notched a $4 billion valuation. Its latest round — announced Thursday and led by tech investment firms Coatue Management and DST Global — came five months after the San Francisco-based start-up raised $535 million in a round led by SoftBank Vision Fund. The company competes
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With all the concern over cybersecurity heading into the midterm elections, it’s actually quite difficult for outsiders to directly manipulate votes. Unlike corporate networks and email systems, voting machines aren’t connected to the internet, making them hard to access. So as government officials prepare for the hotly contested congressional elections in November, their focus is
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The current government, a coalition between the far-right Lega and the leftist Five-Star Movement (M5S), is nearing a critical point with its first budget in office due before mid-October. The financial plan will be critical to understanding the relationship between the two parties, how they might conflict with the EU, and whether investors think their
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Cisco stock rose more than 6 percent on Wednesday after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on July 28. Here’s how the company performed: Earnings: 70 cents per share, excluding certain items, vs. 69 cents per share as expected by analysts, according to Thomson Reuters.
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An Alex Jones tweet that linked to content encouraging violence led to his temporary ban on Twitter, CEO Jack Dorsey said in an interview with NBC News. But while the company has seen temporarily or permanently barring people from its platform has the ability to “impact and change behavior,” Dorsey said he doesn’t know if
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Luke Sharrett | Bloomberg | Getty Images Customers carry Coach Inc. shopping bags after shopping at a store during a charity preview event on the eve of the grand opening of the Outlet Shoppes of The Bluegrass in Simpsonville, Kentucky. Tapestry and Home Depot both reported second-quarter earnings before the bell on Tuesday, and CNBC’s
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Daniel Acker | Bloomberg | Getty Images An employee bags a customer’s purchases at a Kroger store in Peoria, Illinois. Kroger will begin to sell its products on Chinese e-commerce site Alibaba, the latest in a series of initiatives to bolster its digital business. The Cincinnati-based grocer has over the past few months moved to
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German engineering services giant Bilfinger reported a rise in second-quarter net profit on Tuesday, underpinned by an uptick in demand for oil and gas. Net profit over the second quarter came in at 12 million euros ($13.7 million), up from a loss of 7 million euros in the same period last year. Revenues increased 6
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Coca-Cola is gauging interest in a potential newcomer to its U.S. sparkling water portfolio with a pilot project in Atlanta. The Coca-Cola Co. (NYSE: KO) hosted a tasting of its Valser water at Kevin Rathbun Steak on Thursday, pitching it as “America’s first taste of Switzerland’s finest water.” It’s part of a one-month campaign being
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The trade war comes along at a particularly bad time for BMW. The automaker recently authorized a $1 billion expansion for its plant in Spartanburg, South Carolina, its largest manufacturing complex in the world. The move was intended to create about 1,100 new jobs with the addition of the all-new X7 model, BMW’s largest and
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A major Papa John’s franchisee group on Friday publicly urged the chain’s founder, John Schnatter, to move on from the company, as it continues to be rocked by the events following his use of the N-word on a conference call. Schnatter, who owns nearly 30 percent of the company, gave up his post as chairman
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Naspers is putting more money into LetGo, a mobile marketplace for used goods that competes with Craigslist, eBay, and Facebook Marketplace, along with start-ups like OfferUp. Naspers has committed to pour $500 million more into LetGo, with $150 million invested so far. LetGo was earlier backed by NEA, Insight Venture Partners, Accel and others. Novo
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Microsoft CEO Satya Nadella just sold almost one-third of his common shares in the software company as the stock trades near a record price. The stock sale, disclosed in a regulatory filing on Friday, netted Nadella more than $35 million. He sold 328,000 shares in multiple trades at prices ranging from $109.08 to $109.68. Microsoft
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In addition to taking precautions related to GDPR, Google is facing greater scrutiny in the U.S. because of the ways large platforms like Facebook and YouTube have been manipulated by foreign actors to influence consumers, particularly when it comes to political elections. Green cited the Cambridge Analytica scandal twice during Thursday’s conference call, which made
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Arch Coal, Inc.: “Coal is enjoying a bit of a renaissance, I have to admit. I am not a fan of the coal stocks, but these guys have fixed their balance sheet. I just don’t want to overstate because even utilities in this country aren’t that interested in it, so I say don’t buy.” Visteon
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Norwegian Cruise Line Holdings shares jumped more than 4 percent Thursday after the company outpaced earnings estimates and raised its outlook for the year, citing strong demand for cruises and the recent success of its newest ship, the Norwegian Bliss. “Global consumer cruise demand shows no signs of slowing as evidenced by solid organic growth
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Carsten Snejbjerg/Bloomberg via Getty Images Anders Colding Friis, chief executive officer of Pandora AS, poses for a photograph in his office at the company’s headquarters in Copenhagen, Denmark, on Monday, July 9, 2018. Pandora designs, manufactures, markets, and distributes hand finished and modern jewelry made from primarily sterling silver, gold, and precious and semi-precious stones.
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