Tesla Issues Bonds to Fund Production of Model 3

Tesla recently announced that it will be raising $1.5 billion in equity in order to find production of its newest vehicle. They plan on raising this capital through the issuance of junk bonds. Although Tesla is valued higher than both G.E. and Ford Motor Co., they have yet to make an annual profit. Most investors in Tesla are riding on hopes that the Model 3 will be a mass-market hit.

Tesla has recently made some  read more>>

Uber or Lyft?

SoftBank CEO Masayoshi Son recently confirmed that he is interested in pursuing a deal with Uber. However in a sudden twist he also revealed that he is not opposed to working with Lyft, Ubers only significant competitor. SoftBank has already in a number of ride sharing companies around the world including Didi Chuxing (China), Ola (India), Grab (Southeast Asia), and 99 (Brazil). However it has yet to gain a foothold in the U.S. market.

While  read more>>

Oil Futures Decline as OPEC Questions Member Compliance

Oil futures plummeted Monday as investors begin to worry about OPEC members’ commitment to output cap agreements. This concern prompted a meeting in Abu Dhabi, among OPEC’s key members, to discuss the issue. Investors eagerly await news from the meeting, as the negations made at the meeting will likely result in significant price fluctuations, and thus heavy trading of crude oil futures. The meeting concerns certain members’ commitment to the output cap agreed upon  read more>>

Massive Merger Falls Through

Charter Communications just announced that it has no interest in acquiring Sprint, only days after Wall Street announced the proposed deal. This acquisition would have created a new conglomerate under the control of Masayoshi Son, chairman of the Japanese megacompany Softbank, which owns sprint. Charter said in a statement that they see no reason to cut ties with Verizon, and intend to launch wireless services to cable companies next year.

According to Reuters.com, the telecom  read more>>

Michael Kors’ Diversifies, by Putting Its Best Shoe Forward

Luxury shoe manufacturer Jimmy Choo was just bought by Michael Kors for £896 million ($1.2 billion). Jimmy Choo brand shoes are very popular among female celebrities all over the world and have taken Hollywood and Bollywood by storm as a symbol of fashion and luxury.

In recent years, many famous luxury clothing brands have performed poorly and were consequently bought out by other firms. Michael Kors was one of these brands and in order to  read more>>

Google Slapped with Massive Anti-Trust Fine

Alphabet Inc (the parent company of Google) recently reported $3.5 billion on its second quarterly statements, a significant $1.4 billion less than last year’s second quarter. The decline was the result of the European Union slapping Google with a $2.7 billion anti-trust fine the previous month. According to the EU commission, Google used its European shopping platform, Google Shopping, to unfairly decrease traffic for their rival retailers.

Why is this illegal? Doesn’t Google have the  read more>>

Money From Nothing

Traditionally, venture capital firms are the life blood of Silicon Valley based tech startups however one type of technology, cryptocurrency, is flipping that relationship on its head. Simply put, digital currency startups don’t need the cash traditionally supplied by VCs, and now, VCs are turning to cryptocurrency startups for a piece of the action. This reversed relationship is due to a phenomenon known as Initial Coin Offerings (ICOs). In an ICO, a cryptocurrency firm  read more>>

Paving the Way for Explosive Growth

Indian prime minister Narendra Modi launched a new system of taxes last Saturday, a massive rollout of unified tax laws that was over a decade in the making. This new unified tax code has replaced more than a dozen central and state tariffs with different rates for each of India’s 29 states. All of India’s goods and services have been placed in one of five tax brackets ranging from a 0% tax for agriculture  read more>>

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