General Motors $GM will invest USD300 million in Chinese autonomous vehicle startup Momenta. This investment is a strategic partnership that will support GM in building autonomous technologies for future models in China
Leading RV maker Thor Industries reported better than expected fourth quarter earnings on Tuesday before the bell. $THO soared 10% premarket after earnings recieved a boost from the easing of travel restrictions lockdown inspired off-the-grid living
Mercedes-Benz has announced it is joining Stellantis and Total Energies in newly established European battery cell manufacturer Automotive Cells Company (ACC). The automaker are taking an equity stake with the aim of becoming a full battery electric vehicle (BEV) brand.
Ford Motor announced plans for a massive $11.4 bln investment in electric vehicle production. The deal is part of Ford’s over $30 billion investment plan in EVs through 2025, the campuses will help $F achieve its goal of EV production reaching 40-50% of the total by 2030
Major Energy trader Vitol formed a joint venture with Chinese automaker BYD allocating an initial $250 million to expand electric vehicle and charging infrastructure. Vitol has invested over $1 billion in solar and wind energy and other, cleaner fuels.
Australian project management software company Atlassian’s sharemarket value has broken through the $US100 billion mark, trading on the NASDAQ under the symbol TEAM. the move lifted the personal wealth of its Australian founders to over $US23 billion each. Remote work in the pandemic has beena boon for the company.
DocuSign, leading provider of electronic signature technology reported better than expected Q2 earnings as digitization of documents continues to become standard practice. Many had expected revenue growth to slow after the work-from-anywhere boom. $DOCU actually raised revenue guidance for Q3 and FY22.
Database software developer MongoDB soared to record highs after announcing better than expected Q2 (Jul) earnings as the demand for NoSQL databases runs hot. MDB also raised its FY22 earnings and revenue guidance for the second time this fiscal year.
Leading video conferencing software company Zoom Video Communications reported better than expected fiscal second-quarter earnings, but the guidance sent shares plunging more than 9% in after-hours trading. Investors will want to hear updates on the Five9 transaction.
Online retail investing app Robinhood had a wild ride since going public. $HOOD sank 28% to $50.90 as investors proposed to sell up to 97.88 million of shares over time, less than a week after its IPO.