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Shares of US company Tesla on Wednesday fell to the lowest level since late May of 280 dollars 74 cents, losing 2.8% of its value, Reuters reports. The day before, after the presentation of the first electric vehicle from Mercedes in Stockholm, Tesla shares declined by 4.2%. In addition, on Wednesday, there was a record drop in bonds worth $1 billion 800 million, issued by Tesla a year ago, as well as an increase in the price of insurance of Tesla bonds in case of default. Since August 7, after the message of Elon Musk on Twitter that he had provided financing for the transfer of the company into private ownership, Tesla shares lost a quarter of their value.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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