United States based auto giant Ford will begin manufacturing of its iconic Mustang cars in China for the first time. With the company aiming to benefit from the booming electric vehicle (EV) market of China, Ford will start production of… Read More ›
Day: January 29, 2021
Soaring Sales During Pandemic Propels Apple To Report Record Quarter Profits Ever
The last quarter for 2020 was the most profitable quarter ever from Apple as the company benefitted from a surge in demand and sale of its high end iPhones, tablets and laptops during the pandemic with people being forced to… Read More ›
A Drop In Cryptocurrency Crime But Rise In ‘DeFi’ Breaches Noted In 2020, Finds Study
A report from crypto intelligence company CipherTrace revealed a 57 per cent drop in incidents of cryptocurrency theft, hacks, and fraud with losses amounting to $1.9 billion in 2020 as markets adopted more security systems to prevent such incidents. However,… Read More ›
2020 US Economy Performance Worst In 74 Years Due To Covid-19 Hit
The Cvoid-19 pandemic significantly life-saving financing lifeline in eth United States in 2020 along with investments in business resulting in the largest economy of the world posting a contraction for the year that was the deepest since World War II…. Read More ›
Whirlpool forecasts strong 2021 profit earnings, based on strong North American demand
Basing itself on its quarterly earnings, which beat estimates based on strong demand for its home appliances from people stuck at home due to the coronavirus-induced COVID-19 pandemic, Whirlpool Corp has forecast a 2021 profit above analysts’ expectations. Demand for… Read More ›
WeWork in talks to go public through SPAC
According to a source familiar with the matter at hand, WeWork is in talks to go public through a merger with a special purpose acquisition company (SPAC); it is also seeking funds from private investors a little more than a… Read More ›