The world-renowned ride-hailing company Uber recently released its financials from the third quarter of this year. Uber reported a 72 percent year-over-year increase in revenue to $4.8 billion after the U.S. stock market closed in San Francisco. The main business with driving services, which had almost come to a standstill at times during the pandemic,…
Ford, the second-largest U.S. automaker, posted better-than-expected third-quarter results and raised its profit targets despite the global chip crisis. Ford Motor Company, headquartered in Dearborn, USA, is the world’s sixth largest automaker after Toyota, Volkswagen, General Motors, Hyundai and Stellantis. Ford’s 2020 revenue was $127.1 billion and it reported a profit of $4.8 billion. Full-year…
Following news from Pfizer on Friday, several pharmaceutical companies were among the significant losers on Friday. BioNTech was one of them. Biontech SE is a German biotechnology company based in Mainz that has been listed on the stock exchange since the end of 2019. It is focused on the development and manufacture of active immunotherapies…
The stock of Paypal, the popular payment service provider for online shopping, has been in a strong downtrend since the summer. Since the high in July, the company’s stock has lost over 25%, falling from over $260 to $195. Among the culprits were the reports of a Pinterest acquisition that emerged and then were denied…
Deutsche Post was again able to increase its forecasts for 2021 and 2023. Deutsche Post AG, headquartered in Bonn, is a listed logistics and postal company that emerged from the former Deutsche Bundespost authority in 1995. The Group has been operating under the name “Deutsche Post DHL Group” since 2015, previously as “Deutsche Post DHL”…
TaskUs is an international company that provides outsourcing solutions to more than 100 clients in e-commerce, social media, gaming, ridesharing, FinTech, HealthTech and other industries. High customer and employee satisfaction, automation of consumer support services and relocation of offices to lower income countries, has helped TaskUs achieve a CAGR of 60% during 2017-2020. The company…
Lithium, a raw material needed in battery production for electronic devices and, increasingly, electric cars, is in danger of running out by the middle of the decade. Although global reserves are certainly sufficient for electromobility and energy storage, demand for the metal will probably increase more strongly in the coming years than producers will be…
Spotify rose 7 percent in New York today despite issues with merchandise replenishment and weaker growth. Although the volume transacted via the company’s platforms rose by 35 percent to almost 42 billion US dollars (36 billion euros), it fell short of experts’ expectations. The 46 percent increase in sales to a good 1.1 billion dollars…
On Tuesday, AMD published its quarterly figures: According to them, the semiconductor company recorded record sales and one of the highest profits in the company’s history with almost one billion US dollars. Compared to the previous year, sales rose from 2.801 to 4.313 billion US dollars and profit from 390 to 923 million US dollars.…
Tesla stock sparks share price fireworks after large order of 100,000 cars. Because the US car rental company Hertz is investing billions in the expansion of its electric car fleet with a major order from Tesla. Orders for 100,000 Teslas have been placed through the end of 2022, the rival to Sixt and Eropcar announced…
