Bad news on the economy was good news for the stock market today. The non-farm U.S. economy added only 75,000 jobs last month — less than half the 180,000 expected, according to the Department of Labor. Investors, however, expect the sharp slowdown in the l…
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Month: June 2019
Apple’s Rumored Drive.ai Buyout to Aid Driverless Car Project
Apples AAPL driverless car initiative, Project Titan, has been a subject of intense speculation due to the classified nature of the project. The company is now rumored to buy a self-driving shuttle firm, Drive.ai, which is likely to boost its driverless car i…
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The Renault Deal Is Dead, But Fiat Chrysler Still Desperately Needs a Partner
For the second time in under a year, Fiat Chrysler Automobiles (FCA) top brass is staring down a now what? moment. The maker of Jeep, Maserati and Fiat 500 abruptly lost its charismatic CEO Sergio Marchionne who died last July at a Swiss hospital. This week,…
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Uber and Netflix run at a loss. It’s a ‘winner-take-all’ strategy that could end badly
Updated June 08, 2019 06:38:08 It’s the dirty little secret of modern capitalism: many of the world’s most powerful and influential technology companies are either massively in debt or barely making a profit. Stranger still, it’s part of their business p…
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Tesla Bear Slams Elon Musk’s Cars as Poorly Made with Limited Popularity
By CCN: Short seller Jim Chanos has criticized the quality of the cars leaving Tesla plants, reportedly saying they are “poorly made.” The Tesla bear, who profited handsomely from shorting Enron in 2001, also claimed the electric vehicle company’s products ar…
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