The development piles up more investor pressure on Xiaomi’s stock, which is already down by 30% since its July 2018 IPO. On Tuesday, Chinese authorities disclosed, smartphone maker Xioami Corp had committed accounting errors. With the news reaching the market, Xioami’s Hong Kong-listed shares turned south midst a wider sell-off of China tech stocks. In…
A lack of airwaves is likely to result in higher prices during auctions; this will mean carriers will have to shell out more resulting in a potential fund crunch for further investments on new mobile infrastructures that are crucial to leverage the benefits of 5G technology which promises to connect everything ranging from autonomous vehicles…
British Airways has clarified that customers who were potentially impacted by the hacking attack are those who opted for reward bookings between April 21 2018 and July 28 2018 using a payment card. In yet another hacker attack, the International Airlines Group disclosed following an investigation into the theft of customers’ data at its British…
The Trump Administration is moving to develop a comprehensive long term spectrum strategy to prepare for the launch of next-generation 5G wireless networks. In a significant development, U.S. President Donald Trump has signed a presidential memorandum directing the U.S. Commerce Department to develop a long-term comprehensive national spectrum strategy to prepare for the launch of…
Although Intel has forecast higher revenues for its fourth quarter, it has conceded that in the long term trade tensions with China could act as headwinds. On the back of strong demands for Intel chips for personal computers and high margins from its data center business, Intel Corp announced its quarterly revenues which beat analysts’…
The hacking attack on Cathay Pacific’s data includes passenger data for its Hong Kong Dragon Airlines Ltd unit. Hackers were able to access 245,000 Hong Kong identity card numbers and 860,000 passport numbers among other data. Matching Hong Kong identity card numbers with passport numbers is likely to be a gold mine for China. On…
With wider margins, a rise in net profits, and a positive cash flow, Elon Musk has delivered on his promise. Here’s the low down on how Tesla’s Chief Financial Officer Deepak Ahuja and Musk managed Tesla’s operations in a capital efficient manner. In a significant development, Tesla’s Chief Executive Elon Musk delivered on his…
The EU is not alone in questioning Broadcom’s trade practices: the U.S. Federal Trade Commission is also scrutinizing its business practices. The European Commission is scrutinizing Broadcom Inc’s trade practices over the possible usage of its market dominance to pressure customers to purchase its semiconductors. According to a report from Bloomberg, which cites people familiar…
U.S. users can link various non-Wealthfront accounts, including bank accounts, brokerage accounts and information on the value of their homes, to the platform. Wealthfront, one of the largest digital wealth management startups, is set to offer its automated financial planning tool, known as “robo-advisers,” for free by the end of 2018, as part of its…
Although Tesla’s critics have focused on Elon Musk’s behavior, the numbers coming out of Tesla are pretty compelling. In an interesting turn of events, long-time Tesla short seller and critic Citron Research, in its research note stated it is betting that the electric automaker’s stock will rise. With the news reaching the market, Tesla Inc’s…
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