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Tesla posts record first-quarter revenue

Tesla posts record first-quarter revenue

Tesla led by Elon Musk has once again stunned the world with its robust performance and soaring stock prices. The automaker’s first-quarter profit has surged 27 times.During this period, the company reported record net income of $438 million, or $0.39 per share. For comparison, net profit for the same period last year was $16 million.
13:16 2021-05-12 UTC+00
Apple announces $430 billion investment in US over five years

Apple announces $430 billion investment in US over five years

Nowadays, no one doubts the commercial success and high reliability of high-tech giant Apple. Besides, one could question forecasts but figures leave no room for discussion. They are the most accurate indicator of any company’s performance. This is why no matter what opponents say about Apple. The company’s figures speak louder than words.
11:07 2021-05-12 UTC+00
Germany's economy endures hard lockdown

Germany's economy endures hard lockdown

According to Deutsche Welle citing Germany’s Federal Statistical Office, the majority of eurozone countries are now facing a crisis amid the COVID-19 pandemic. Germany is no exception as the third wave and numerous restrictions have delivered a severe blow to the country.In the first quarter of 2021, the German economy shrank by 1.7%, having an adverse effect on its neighbouring countries.
07:19 2021-05-12 UTC+00
EU economy spreading wings

EU economy spreading wings

The EU authorities are not prone to sugarcoat the state of affairs in the economy. Market participants are encouraged by convincing evidence from independent think tanks that the EU economy is gaining momentum. The economies of 27 EU countries have been picking up steam much faster than anticipated in expert forecasts.
05:47 2021-05-12 UTC+00
UK kicks economy into shape quicker than expected

UK kicks economy into shape quicker than expected

The UK is recovering far quicker from the epidemic-driven crisis than previously thought. The sharp rebound came as a surprise to economists. Macroeconomic reports also show signs of robust growth in key indicators. This is why analysts are now betting on a faster revival of the economy.PMI indexes and retail sales are the best indicators of the state of the economy.
15:15 2021-05-11 UTC+00
US stocks slide on Biden’s tax hike plan

US stocks slide on Biden’s tax hike plan

Almost every American president made adjustments to the country's tax system and the current one was no exception. US President Joe Biden decided to make good on his campaign pledge to revise taxation on the rich.Biden proposed almost doubling the capital gains tax rate for wealthy individuals as a way to fund spending in the so-called American Families Plan.
11:44 2021-05-11 UTC+00
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