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Tesla's SUV Launch Overshadowed By Concerns Over Demand And Cash Burn

While experts and analysts were concerned about the US electric car market Tesla not having addressed the issue of a slowdown of demand for some of its models, investors were apparently worried about whether the company would be burning more cash as the company unveiled an electric sports utility...

General Electric Forecasts Weaker Than Expected 2019 Earnings

The 2019 earnings guidance issued by General Electric missed the expectations of analysts as the company also warned that it would be burning up as much as $2 billion in cash for its industrial division. The CEO of the company Larry Culp also warned that for the conglomerate, the first quarter of...

Software Upgrade For Its 737 Max To Be Issued By Boeing Within Weeks

Two fatal crashes of the Boeing's 737 Max 8 aircraft in a space of four months has resulted in an increasing number of countries either grounding to banning the use of the crafts. This has put the US plane maker Boeing under significant pressure for the first time since the issues it had about the...

KFC Outlets To Be Opened At Chinese Gas Stations By Yum China

Amidst a slowing domestic demand, Yum China Holdings is aiming to take advantage of a new growth area and has decided to tie up with two biggest state oil giants of China to open up fast-food outlets at the gas stations across the country through the franchise route.   In the next three...

Tesla Not To Close Its Physical Stores, Will Increase Price Of Cars

United States based electric car maker Tesla announced in a blog post its intention to reverse its decision of closing down most of its physical stores and shift all of its sale online. To account for the cost of the keeping all of the physical stores open. Tesla also announced that it would have...

Ethiopia Crash Challenges $55 Billion Stock Rally Of Boeing

Throughout the year, there has been an addition of $55 billion in market cap of aircraft maker Boeing as its shares rose by 31 per cent – the highest among the companies that make up the Dow index.   With sales reaching $100 billion for the first time in its 102 years, a record cash was...

Spate Of Knife Killings in UK Spurs ASDA To Stop Selling Single Kitchen Knives

Concerned with the phenomenal increase in the incidents related to blade attacks in the United Kingdom, retailing giant ASDA has announced that it would stop selling single kitchen knives at its stores across the country.    Britain has in recent times been struggling to cope up with...

All Of Goldman Sachs Employees Now Allowed Casual Wear At Work

In an attempt to shed its rigid outlook and to create a friendlier environment for customers, Goldman Sachs, one of the largest banks of United States has decided to start off with relaxing its prescribed dress code for its staff. Many analysts also view this to be a move by the Wall Street giant...

Philip Morris Pays Its Indian Partner For Making Cigarettes Violating FDI Ban: Reuters

A nine-year-old government ban on foreign direct investment (FDI) in the Indian cigarette industry has been apparently flouted by Philip Morris International Inc for years through paying manufacturing costs to its Indian partner to produce its Marlboro cigarettes, claims a report by the news agency...

Tesla To Launch Its Model Y Crossover In 2 Weeks , Elon Musk

United States based electric car maker Tesla would come up with its Model Y crossover within a period of two weeks, according to its founder and CEO Elon Musk. This is seen as an attempt by the company and its billionaire owner to provide some silver lining to the company’s growth narrative amidst...

Tesla Announces Roll Out Of Affordable Model 3 Sedan, But Only Online

United States based electric car maker Tesla has finally announced that it would rout the much awaited affordable electric car priced at $35000 for the public. The company said that the roll out could help Tesla to finally venture into the middle class car owners of America.   The company...

Amid Rising Concerns Of Recession, JP Morgan Signals Caution On Credit

While not expecting to see any improvement or turnaround of the credit cycle thus year, US banker JPMorgan Chase said that it is undertaking measures to ensure that it is ready to take advantage when there is an actual reversing of the credit cycle.   According to a presentation Tuesday at...
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