Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic. The reduction follows price cuts in May on Tesla’s Model 3, Model X and Model S. The company headed by…
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The stronger dollar era may be on borrowed time. Stephen Roach, one of the world’s leading authorities on Asia, is worried a changing global landscape paired with a massive U.S. budget deficit will spark a dollar crash. “The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very…
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With people across the U.S. facing orders to remain in their homes, and bars and restaurants closed as part of the ongoing effort to quell the coronavirus outbreak, alcohol sales have gone through the roof. And at least one service is reaping the benefits of that increased demand. Alcohol delivery app Drizly says it saw…
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The mark of a fintech company that will truly succeed all boils down to audience acquisition. Remember, 90 percent of startups fail – and fintech is no different. In fact, one might argue that fintech companies have a much more difficult road than most startups because their technology specifically deals with the transfer of money,…
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Facebook CEO Mark Zuckerberg has held talks with his old rivals the Winklevoss twins as the social media giant plans to launch its own cryptocurrency, the Financial Times reported. Facebook has held talks with cryptocurrency exchanges Gemini, which was founded by the Winklevoss twins, and Coinbase, the newspaper said Thursday, citing sources. The company is reportedly working on…
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