BEIJING (AP) — Global stocks were mostly lower Tuesday amid jitters about China’s housing market and weakness in the country’s currency.
China’s Shanghai Composite Index dropped 2.1 percent to 2,034.62. Hong Kong’s Hang Seng shed 0.3 percent to 22,317.81. Singapore and Sydney also declined. Tokyo’s Nikkei 225 index gained 1.4 percent to 15,051.60,.
Tesla is adding another few billion dollars to its market cap this morning on news it will sell 35,000 cars this year. Ford, meanwhile, sold 45,000 F-150s in January. Tesla’s $30 billion enterprise value implies their having the entire electric car business to themselves forever. Okay sure
AT&T (NYSE: T ) and IBM (NYSE: IBM ) are partnering at just the right time, Fool contributor Tim Beyers says in the following video.
The two are cooperating to help cities and mid-size utilities glean data and insights from the Internet of Things. Principally, the idea is for AT&T to provide mobile technology and software while IBM contributes data analytics for helping assess the health and performance of city infrastructure.
If yesterday wasn’t all that great for Twitter, today is starting off even worse. The social media company’s share price has fallen some 20 percent in pre-market trading, to $51.49.
The possible culprit? Twitter’s “challenging” design could be keeping new users away. Chief executive Dick Costolo told investors yesterday that the company is working on ways to make it easier for new users to sign up and current ones to find the information they’re looking for.
This year Apple ranked as the world’s most valuable brand for two times, it’s been a heavy year for Apple on Wall Street. Since its the first trading session of the year Friday, the well known giant Cupertino tech seems to be finding favor with those investors, who pushed highest prices. Well, the company stock hits highest unseen prices …