The stocks of car-makers are falling. Renault reported the largest yearly lost in its history – over 8 billion EUR. Lucid Motors is planning the largest merger with a SPAC in the segment: the estimation of the united enterprise reaches 24 billion USD.
Author: Server Ametov
The Bitcoin price sets a new record – 57,400 USD. Now the capitalization of the coin is 1.07 trillion USD, having increased by 524 billion USD since the beginning of the year. Tesla made 1.08 billion USD on the growth, more than on selling electric cars in 2020.
Tilray stocks dropped after growth, and even a strong quarterly report was no remedy. Experts say that the only chance for success is the company’s merger with Aphria, which was confirmed by the decline in its quotations right before and after the report.
Oil prices have reached their record of the last 13 months. The main reasons sticking to OPEC+ agreements on production, a decrease in the world storage, the stimulation of the US economy, global vaccination, and, finally, record colds in the USA.
After the IPO, the stock price of the company almost double. By the offering, the company attracted 2.15 billion USD instead of the planned 1.8 billion. The share of its founder reached 1.6 billion USD making her the youngest self-made billionaire.
This week, the stocks of cannabis companies first sky-rocketed, then slid down. Analysts name several factors that influenced the market of medical and recreational cannabis, the actions of WallStreetBets subscribers among them.
Tesla invested over 1 billion USD in the Bitcoin and provoked its growth. The BTC set a new all-time record – 46767.1 USD per coin. Why did Musk change his mind about the cryptocurrency, and will other companies follow Tesla?
In 2020, the overall yearly income of major IT companies increased by 24% to 1.1 trillion USD, while their market capitalization grew by 50%, reaching 8 trillion USD. As you might have guessed, we’re talking about Apple, Microsoft, Amazon, Alphabet, and Facebook.
Will the cooperation of Kia Motors with Apple and Ford with Google become financially successful? The South-Korean carmaker will produce pilotless vehicles for Apple, while Ford Motor will install soft- and hardware from Google onboard its cars.
Silver futures grew over 30 USD per ounce due to the actions of Reddit investors. This is the record price since 2013. However, sky-rocketing soon changed for sliding down – by 10.25%. Check why individual investors failed to repeat the story with GameStop.