TOP 5 STOCKS TO WATCHOUT:-
1.#HUAWEI:- Huawei has appealed against a court decision that allowed Swedish telecoms regulator PTS to resume 5G spectrum auctions when the Chinese telecom equipment maker is excluded from the country's 5G rollout. A Swedish court on Dec. 16 backed an appeal by PTS against a ruling to stop the auctions, but also said Huawei could pursue a legal challenge over its exclusion.
PTS said on Dec. 18 that it would resume 5G spectrum auctions on Jan. 19, after a challenge from Huawei led to a court injunction that prevented them going ahead.
"There seems to be no willingness by PTS to revisit their decision," Kenneth Fredriksen, Huawei's Executive Vice President, Central East Europe and Nordic Region, told Reuters, after meeting with the telecoms regulator earlier on Thursday.
"We believe it's critical that the auction is once again stopped until the legal uncertainties are removed, either through court settlement or out of court settlements," he said.
2. #PAYPAL :--PayPal Holdings Inc 's venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.
Taxbit will use the cash injection, of an undisclosed amount, to grow the team and expand the business, said Austin Woodward , the company's chief executive and founder.
"Going international is a huge piece of the puzzle," Woodward said in an interview.
Taxbit has also raised funds via Coinbase Ventures, the venture capital division of the popular cryptocurrency exchange, and existing investor Winklevoss Capital, the family office founded by tech entrepreneurs Tyler and Cameron Winklevoss.
3.#HYUNDAI:- South Korea’s Hyundai Motor Co. is in early stage talks with Apple Inc. to co-operate on self-driving electric vehicles and batteries.
Hyundai Motor shares soared 20.15% to KRW247,500 ($226.55) by 11:33 PM ET (4:33 AM GMT). The news sent shares up as much as 24% earlier in the session, the biggest intraday stock surge since 1988.
“Apple and Hyundai are in discussion, but as it is at early stage, nothing has been decided,” the South Korean company said in a statement Friday.
Korean media reported the discussions earlier in the day. It was also reported that Hyundai has completed internal discussions on the collaboration and is currently awaiting approval from Chairman Eui Sun Chung.
4.MICRON :-Micron reported fiscal second-quarter earnings guidance that topped estimates Tuesday, and first-quarter results that topped expectations as a recovery in chip memory demand underpinned by an acceleration in the growing number of moving into the digital age.
Micron Technology shares gained 1% in after-hours trade following the report.
The company guided fiscal second-quarter EPS of 68 cents to 82 cents, above estimates for EPS of 64 cents, and revenue of $5.6 billion to $6.0 billion, just above consensus of $5.52 billion.
5. #BOEING Co :- Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to the grounding of its 737 MAX jetliner.
The settlement, which allows Boeing to avoid prosecution, includes a fine of $243.6 million, compensation to airlines of $1.77 billion and a $500 million crash-victim fund over fraud conspiracy charges related to the plane's flawed design.
Boeing said it would take a $743.6 million charge against its fourth-quarter 2020 earnings to reflect the deferred prosecution agreement, a form of corporate plea bargain. Boeing had put aside reserves of $1.77 billion in prior quarters to provide for compensation to airlines.
The Justice Department deal, announced after the market close on Thursday, caps a 21-month investigation into the design and development of the 737 MAX following the two crashes, in Indonesia and Ethiopia in 2018 and 2019, respectively.
1.#HUAWEI:- Huawei has appealed against a court decision that allowed Swedish telecoms regulator PTS to resume 5G spectrum auctions when the Chinese telecom equipment maker is excluded from the country's 5G rollout. A Swedish court on Dec. 16 backed an appeal by PTS against a ruling to stop the auctions, but also said Huawei could pursue a legal challenge over its exclusion.
PTS said on Dec. 18 that it would resume 5G spectrum auctions on Jan. 19, after a challenge from Huawei led to a court injunction that prevented them going ahead.
"There seems to be no willingness by PTS to revisit their decision," Kenneth Fredriksen, Huawei's Executive Vice President, Central East Europe and Nordic Region, told Reuters, after meeting with the telecoms regulator earlier on Thursday.
"We believe it's critical that the auction is once again stopped until the legal uncertainties are removed, either through court settlement or out of court settlements," he said.
2. #PAYPAL :--PayPal Holdings Inc 's venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.
Taxbit will use the cash injection, of an undisclosed amount, to grow the team and expand the business, said Austin Woodward , the company's chief executive and founder.
"Going international is a huge piece of the puzzle," Woodward said in an interview.
Taxbit has also raised funds via Coinbase Ventures, the venture capital division of the popular cryptocurrency exchange, and existing investor Winklevoss Capital, the family office founded by tech entrepreneurs Tyler and Cameron Winklevoss.
3.#HYUNDAI:- South Korea’s Hyundai Motor Co. is in early stage talks with Apple Inc. to co-operate on self-driving electric vehicles and batteries.
Hyundai Motor shares soared 20.15% to KRW247,500 ($226.55) by 11:33 PM ET (4:33 AM GMT). The news sent shares up as much as 24% earlier in the session, the biggest intraday stock surge since 1988.
“Apple and Hyundai are in discussion, but as it is at early stage, nothing has been decided,” the South Korean company said in a statement Friday.
Korean media reported the discussions earlier in the day. It was also reported that Hyundai has completed internal discussions on the collaboration and is currently awaiting approval from Chairman Eui Sun Chung.
4.MICRON :-Micron reported fiscal second-quarter earnings guidance that topped estimates Tuesday, and first-quarter results that topped expectations as a recovery in chip memory demand underpinned by an acceleration in the growing number of moving into the digital age.
Micron Technology shares gained 1% in after-hours trade following the report.
The company guided fiscal second-quarter EPS of 68 cents to 82 cents, above estimates for EPS of 64 cents, and revenue of $5.6 billion to $6.0 billion, just above consensus of $5.52 billion.
5. #BOEING Co :- Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to the grounding of its 737 MAX jetliner.
The settlement, which allows Boeing to avoid prosecution, includes a fine of $243.6 million, compensation to airlines of $1.77 billion and a $500 million crash-victim fund over fraud conspiracy charges related to the plane's flawed design.
Boeing said it would take a $743.6 million charge against its fourth-quarter 2020 earnings to reflect the deferred prosecution agreement, a form of corporate plea bargain. Boeing had put aside reserves of $1.77 billion in prior quarters to provide for compensation to airlines.
The Justice Department deal, announced after the market close on Thursday, caps a 21-month investigation into the design and development of the 737 MAX following the two crashes, in Indonesia and Ethiopia in 2018 and 2019, respectively.
TOP 5 STOCKS TO WATCHOUT:-
1.#TWITTER- India has asked Twitter Inc to take down 1,178 accounts the country says are backed by arch rival Pakistan or operated by sympathizers of a separatist Sikh group, two technology ministry sources said on Monday.
Many of these accounts were sharing and amplifying misinformation and provocative content on the ongoing farmers protests, one of the sources said, declining to be named as the order is not public.
Twitter has yet to comply with the government order, which was issued on Feb. 4, the sources said.
2.#SOFT BANK :- SoftBank Group Corp's Vision Fund unit posted an 844 billion yen ($8 billion) third quarter profit on Monday as Chief Executive Masayoshi Son hailed the bounce back of his investment portfolio.
The profit marks a sea change from a year earlier when high-profile misses such as the flopped IPO of office sharing firm WeWork and the COVID-19 pandemic forced Son to sell assets to stabilise his investing empire.
"Our vision never changed," Son told a news conference in Tokyo after his company announced its latest results.
But with interest rates at rock bottom, an ebullient market is now driving tech stock gains and a turnaround at the Vision Fund unit.
Son returned to a favoured analogy – that SoftBank is a goose that lays golden eggs by backing fast-growing companies such as Alibaba
3.#HYUNDAI:-South Korean's Hyundai Motor and Kia Motors Corp. saw their Shares plunge, after saying that they are not in talks with Apple Inc. in the latest round of a did-they-or-didn't-they game between the three companies.
Shares in Hyundai fell 5.01% to KRW237,000 ($211.91) by 11:59 PM ET (4:59 AM GMT) and Kia shares slumped 13.40% to KRW87,900 after both companies said earlier in the day in separate regulatory filings that “we are not having talks with Apple on developing autonomous vehicles.”
Both Korean companies saw their shares surge in early January, after Hyundai released a statement that said, “Apple and Hyundai are in discussion, but as it is at early stage, nothing has been decided." A local media report first broke the news of the collaboration, with the report also saying that the companies were ere in discussions to develop self-driving electric vehicles by 2027 and develop batteries at U.S. factories operated by either Hyundai or Kia.
However, Hyundai released a statement later in the day that backtracked on the earlier one, which erased all mentions of Apple but added that the company was “getting requests for cooperation on joint development of autonomous electric vehicles from various companies.” These “various companies” were not identified.
4. #AMAZON:- Amazon.com Inc has ordered hundreds of trucks that run on compressed Natural gas as it tests ways to shift its U.S. fleet away from heavier polluting trucks, the company told Reuters on Friday.
The coronavirus pandemic caused delivery activity to surge in 2020, with truck volumes exceeding 2019 levels on average while passenger car traffic fell. But that increase in road activity means more pollution, as heavier-duty trucks emit higher levels of greenhouse gases than passenger vehicles.
Transportation companies are building their stable of electric vehicles to reduce carbon emissions. Much of the nation's freight is delivered via medium- and heavy-duty trucks, which account for more than 20% of the industry's greenhouse gas emissions even though they make up less than 5% of the road fleet, according to U.S. federal data.
"Amazon is excited about introducing new sustainable solutions for freight transportation and is working on testing a number of new vehicle types including electric, CNG and others," the company said in a statement.
Amazon has ordered more than 700 compressed natural gas class 6 and class 8 trucks so far, according to the company.
The online retailer's sales rose 38% in 2020; it plans to run a carbon neutral business by 2040.
1.#TWITTER- India has asked Twitter Inc to take down 1,178 accounts the country says are backed by arch rival Pakistan or operated by sympathizers of a separatist Sikh group, two technology ministry sources said on Monday.
Many of these accounts were sharing and amplifying misinformation and provocative content on the ongoing farmers protests, one of the sources said, declining to be named as the order is not public.
Twitter has yet to comply with the government order, which was issued on Feb. 4, the sources said.
2.#SOFT BANK :- SoftBank Group Corp's Vision Fund unit posted an 844 billion yen ($8 billion) third quarter profit on Monday as Chief Executive Masayoshi Son hailed the bounce back of his investment portfolio.
The profit marks a sea change from a year earlier when high-profile misses such as the flopped IPO of office sharing firm WeWork and the COVID-19 pandemic forced Son to sell assets to stabilise his investing empire.
"Our vision never changed," Son told a news conference in Tokyo after his company announced its latest results.
But with interest rates at rock bottom, an ebullient market is now driving tech stock gains and a turnaround at the Vision Fund unit.
Son returned to a favoured analogy – that SoftBank is a goose that lays golden eggs by backing fast-growing companies such as Alibaba
3.#HYUNDAI:-South Korean's Hyundai Motor and Kia Motors Corp. saw their Shares plunge, after saying that they are not in talks with Apple Inc. in the latest round of a did-they-or-didn't-they game between the three companies.
Shares in Hyundai fell 5.01% to KRW237,000 ($211.91) by 11:59 PM ET (4:59 AM GMT) and Kia shares slumped 13.40% to KRW87,900 after both companies said earlier in the day in separate regulatory filings that “we are not having talks with Apple on developing autonomous vehicles.”
Both Korean companies saw their shares surge in early January, after Hyundai released a statement that said, “Apple and Hyundai are in discussion, but as it is at early stage, nothing has been decided." A local media report first broke the news of the collaboration, with the report also saying that the companies were ere in discussions to develop self-driving electric vehicles by 2027 and develop batteries at U.S. factories operated by either Hyundai or Kia.
However, Hyundai released a statement later in the day that backtracked on the earlier one, which erased all mentions of Apple but added that the company was “getting requests for cooperation on joint development of autonomous electric vehicles from various companies.” These “various companies” were not identified.
4. #AMAZON:- Amazon.com Inc has ordered hundreds of trucks that run on compressed Natural gas as it tests ways to shift its U.S. fleet away from heavier polluting trucks, the company told Reuters on Friday.
The coronavirus pandemic caused delivery activity to surge in 2020, with truck volumes exceeding 2019 levels on average while passenger car traffic fell. But that increase in road activity means more pollution, as heavier-duty trucks emit higher levels of greenhouse gases than passenger vehicles.
Transportation companies are building their stable of electric vehicles to reduce carbon emissions. Much of the nation's freight is delivered via medium- and heavy-duty trucks, which account for more than 20% of the industry's greenhouse gas emissions even though they make up less than 5% of the road fleet, according to U.S. federal data.
"Amazon is excited about introducing new sustainable solutions for freight transportation and is working on testing a number of new vehicle types including electric, CNG and others," the company said in a statement.
Amazon has ordered more than 700 compressed natural gas class 6 and class 8 trucks so far, according to the company.
The online retailer's sales rose 38% in 2020; it plans to run a carbon neutral business by 2040.
TOP 5 STOCKS TO WATCH OUT TODAY 08th FEBRUARY 2021
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TOP 5 STOCKS TO WATCH OUT TODAY 08 FEBRUARY 2021 - Capital Street FX
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4.#SOFT BANK:- SoftBank Group Corp shares closed at a record high on Tuesday, surpassing a peak reached at the height of the dot-com bubble, as online backers celebrated the recovery in the value of the firm's tech portfolio.
Shares in SoftBank, a heavily weighted component of the Nikkei 225 Index which is trading at 30-year highs, closed up 4% at 10,420 yen, above the record 10,111 yen reached in February 2000.
Underpinned by buybacks and with retail investors buying its shares and baseball-themed junk bonds, SoftBank's shares have been supported by a growing number of portfolio companies listing in ebullient markets.
The Japanese conglomerate's comeback, during which its shares have climbed almost 300% from lows hit last March as the COVID-19 pandemic roiled its portfolio, have led to celebration among its online backers.
"Roses are red, violets are blue, SoftBank haters, don't know what to do," wrote one prominent supporter on Twitter recently posting under the name "Masa Capital".
"SoftBank will reach 11,000 yen by April," wrote another on Tuesday. The group's shares hit an intraday high of 11,000 yen in February 2000 before crashing.
Chief Executive Masayoshi Son's own social media posts are centred on aphorisms, favouring quarterly presentations over Twitter to transmit his message, in contrast to the memes that have made Tesla CEO Elon Musk a retail investor favourite.
5.#Hyundai:-An electric bus manufactured by Hyundai Motor Co caught fire on Monday while in use in South Korea, a fire official said on Tuesday, months after similar fires in electric cars led to a recall to inspect batteries.
No one was injured in the incident, which occurred as the empty bus was returning to the garage after an inspection, an official at the Fire Service Headquarters in the southeastern city of Changwon said.
The maker of the batteries in the bus has not been identified, the fire official said, but local media reports said the Elec City bus was powered by LG Chem's wholly owned battery division LG Energy Solutions batteries.
"Officials from Hyundai Motor, the transport ministry, Korea Automobile Testing & Research Institute, National Fire Research Institute and Changwon Fire Service Headquarters are expected to have a meeting on Tuesday to discuss inspection," the fire official told Reuters.
Neither Hyundai Motor nor LG Energy Solution had an immediate comment.
In October, Hyundai recalled 25,564 Kona electric vehicles (EV) in South Korea over the risk of a short circuit possibly caused by faulty manufacturing of its high-voltage battery cells.
After a fire in a Kona EV that had been recalled and received a software update, South Korean authorities have launched a probe into the adequacy of the voluntary recall, under which only some vehicles get batteries replaced.
Shares in SoftBank, a heavily weighted component of the Nikkei 225 Index which is trading at 30-year highs, closed up 4% at 10,420 yen, above the record 10,111 yen reached in February 2000.
Underpinned by buybacks and with retail investors buying its shares and baseball-themed junk bonds, SoftBank's shares have been supported by a growing number of portfolio companies listing in ebullient markets.
The Japanese conglomerate's comeback, during which its shares have climbed almost 300% from lows hit last March as the COVID-19 pandemic roiled its portfolio, have led to celebration among its online backers.
"Roses are red, violets are blue, SoftBank haters, don't know what to do," wrote one prominent supporter on Twitter recently posting under the name "Masa Capital".
"SoftBank will reach 11,000 yen by April," wrote another on Tuesday. The group's shares hit an intraday high of 11,000 yen in February 2000 before crashing.
Chief Executive Masayoshi Son's own social media posts are centred on aphorisms, favouring quarterly presentations over Twitter to transmit his message, in contrast to the memes that have made Tesla CEO Elon Musk a retail investor favourite.
5.#Hyundai:-An electric bus manufactured by Hyundai Motor Co caught fire on Monday while in use in South Korea, a fire official said on Tuesday, months after similar fires in electric cars led to a recall to inspect batteries.
No one was injured in the incident, which occurred as the empty bus was returning to the garage after an inspection, an official at the Fire Service Headquarters in the southeastern city of Changwon said.
The maker of the batteries in the bus has not been identified, the fire official said, but local media reports said the Elec City bus was powered by LG Chem's wholly owned battery division LG Energy Solutions batteries.
"Officials from Hyundai Motor, the transport ministry, Korea Automobile Testing & Research Institute, National Fire Research Institute and Changwon Fire Service Headquarters are expected to have a meeting on Tuesday to discuss inspection," the fire official told Reuters.
Neither Hyundai Motor nor LG Energy Solution had an immediate comment.
In October, Hyundai recalled 25,564 Kona electric vehicles (EV) in South Korea over the risk of a short circuit possibly caused by faulty manufacturing of its high-voltage battery cells.
After a fire in a Kona EV that had been recalled and received a software update, South Korean authorities have launched a probe into the adequacy of the voluntary recall, under which only some vehicles get batteries replaced.
In a one and half hour livestream featuring singing by Justin Bieber, Spotify released a host of new features for artists and tools for advertisers for better targeting its millions of users across music and podcasts.
4.#GOOGLE:-Alphabet's Google is negotiating individual licensing deals with a divided Spanish news industry that could allow the U.S. tech giant's news service to resume in the country, three sources close to the matter told Reuters.
Google News, which links to third party content, closed in Spain in late 2014 in response to legislation which meant it had to pay a mandatory collective licensing fee to re-publish headlines or snippets of news.
Now the thorny issue is back on the table as Spain prepares to implement the 2019 European Union copyright directive by June. While that requires Google, Facebook and others to share revenue with publishers, the government could allow the companies to negotiate individual deals with content providers.
Spain's Culture Ministry said the government was working on a draft bill, but declined to give further details.
Google News will only be back in Spain if publishers have the right to sign individual agreements under a new law, a Google Spain spokeswoman said, adding that a paid licence should not be mandatory.
5.#HYUNDAI MOTORS:- Hyundai Motor Co launched its Ioniq 5 midsize crossover on Tuesday, the first in a planned family of electric vehicles (EV) that it hopes will propel it into the third rank of global EV makers by 2025.
The company says the model is based on a new electric vehicle-only platform that uses its own battery module technology and requires fewer components than Hyundai's existing electric cars, enabling faster production at lower cost.
The launch of Ioniq 5 is the linchpin of Hyundai's long-term goal to capture 10% of global EV sales by 2025, up from a combined market share of 7.2% for Hyundai and Kia together during the January-September period in 2020, according to industry tracker SNE Research. Hyundai Motor and its sister company Kia Corp together aim to sell 1 million EVs in 2025.
"We expect this year's (global) EV demand will increase more than 30% versus last year," Hyundai Motor President Chang Jae-hoon told a news conference.
The Ioniq 5 will have a maximum driving range of about 480 kms (298 miles), up nearly 20% from the Kona EV, which previously had the longest range among Hyundai's EV lineup.
It will offer two battery pack options - 58-kilowatt-hour (kWh) or 72.6 kWh - and will be available in selected regions starting in the first half of 2021, Hyundai said in a statement.
The South Korean automaker did not disclose the price of the Ioniq 5, but Hyundai Motor Europe President Michael Cole said in Europe it would start at about 42,000 euros ($51,100) before government incentives.
4.#GOOGLE:-Alphabet's Google is negotiating individual licensing deals with a divided Spanish news industry that could allow the U.S. tech giant's news service to resume in the country, three sources close to the matter told Reuters.
Google News, which links to third party content, closed in Spain in late 2014 in response to legislation which meant it had to pay a mandatory collective licensing fee to re-publish headlines or snippets of news.
Now the thorny issue is back on the table as Spain prepares to implement the 2019 European Union copyright directive by June. While that requires Google, Facebook and others to share revenue with publishers, the government could allow the companies to negotiate individual deals with content providers.
Spain's Culture Ministry said the government was working on a draft bill, but declined to give further details.
Google News will only be back in Spain if publishers have the right to sign individual agreements under a new law, a Google Spain spokeswoman said, adding that a paid licence should not be mandatory.
5.#HYUNDAI MOTORS:- Hyundai Motor Co launched its Ioniq 5 midsize crossover on Tuesday, the first in a planned family of electric vehicles (EV) that it hopes will propel it into the third rank of global EV makers by 2025.
The company says the model is based on a new electric vehicle-only platform that uses its own battery module technology and requires fewer components than Hyundai's existing electric cars, enabling faster production at lower cost.
The launch of Ioniq 5 is the linchpin of Hyundai's long-term goal to capture 10% of global EV sales by 2025, up from a combined market share of 7.2% for Hyundai and Kia together during the January-September period in 2020, according to industry tracker SNE Research. Hyundai Motor and its sister company Kia Corp together aim to sell 1 million EVs in 2025.
"We expect this year's (global) EV demand will increase more than 30% versus last year," Hyundai Motor President Chang Jae-hoon told a news conference.
The Ioniq 5 will have a maximum driving range of about 480 kms (298 miles), up nearly 20% from the Kona EV, which previously had the longest range among Hyundai's EV lineup.
It will offer two battery pack options - 58-kilowatt-hour (kWh) or 72.6 kWh - and will be available in selected regions starting in the first half of 2021, Hyundai said in a statement.
The South Korean automaker did not disclose the price of the Ioniq 5, but Hyundai Motor Europe President Michael Cole said in Europe it would start at about 42,000 euros ($51,100) before government incentives.
TOP 5 STOCKS TO WATCHOUT:-
1.#HYUNDAI MOTORS - Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks, a problem which combined with an earlier recall is likely to cost the automaker an estimated $900 million.
Most of the latest recall applies to its best-selling electric car, the Kona EV, which was first recalled in October for a software upgrade after a series of fires.
But in January, one of the recalled vehicles caught fire and South Korean authorities launched a probe into whether the first recall had been adequate.
LG Energy Solution, a division of LG Chem Ltd which manufactures the batteries, said in a statement that Hyundai Motor has misapplied LG's suggestion for fast-charging logic in Hyundai's battery management system and that the battery cell should not be seen as the direct cause of the fire risks.
The new recall applies to roughly 76,000 Kona EVs as well as some Ioniq EV and Elec City models.
There have been some 15 cases of fires involving the Kona EV - 11 in South Korea, two in Canada and one each in Finland and Austria, according to the transport ministry.
Hyundai said in a statement that of the total 1 trillion won in estimated recall costs, some 38.9 billion won was due to the first recall.
Shares of Hyundai Motor and LG Chem were trading down 3.7% and 1.9% respectively in afternoon trade compared to a 2% fall for the broader market.
2. #LinkedIn:- LinkedIn, Microsoft Corp's professional networking site, said on Tuesday it had resolved a technical glitch on its platform, after thousands of users reported difficulties in accessing the website.
Downdetector, an outage tracking website, showed there were close to 26,000 incidents of people reporting issues with LinkedIn.
Earlier in the day, LinkedIn said an issue across its platform was causing certain functional requests to take longer or fail unexpectedly and that it was working on a fix.
California-based LinkedIn helps employers assess a candidate's suitability for a role and employees use the platform to find new job.
Downdetector only tracks outages by collating status reports from a series of sources, including user-submitted errors on its platform. The outage might have affected a larger number of users.
3. #SPACEX :- Billionaire Elon Musk's SpaceX has raised about $850 million in equity financing, the private rocket launch service said in a regulatory filing on Tuesday.
The private space company had raised $1.9 billion in August in its largest single fundraising round, according to financial software and data provider PitchBook.
The latest round reportedly lifted the valuation of the company whose investors include Alphabet Inc and Fidelity Investments to about $74 billion.
Earlier this month, a prototype of SpaceX's Starship rocket exploded during a landing attempt after a high-altitude test launch.
The SN9 prototype was a test model of the heavy-lift rocket being developed by the company to carry humans and 100 tons of cargo on future missions to the moon and Mars.
1.#HYUNDAI MOTORS - Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks, a problem which combined with an earlier recall is likely to cost the automaker an estimated $900 million.
Most of the latest recall applies to its best-selling electric car, the Kona EV, which was first recalled in October for a software upgrade after a series of fires.
But in January, one of the recalled vehicles caught fire and South Korean authorities launched a probe into whether the first recall had been adequate.
LG Energy Solution, a division of LG Chem Ltd which manufactures the batteries, said in a statement that Hyundai Motor has misapplied LG's suggestion for fast-charging logic in Hyundai's battery management system and that the battery cell should not be seen as the direct cause of the fire risks.
The new recall applies to roughly 76,000 Kona EVs as well as some Ioniq EV and Elec City models.
There have been some 15 cases of fires involving the Kona EV - 11 in South Korea, two in Canada and one each in Finland and Austria, according to the transport ministry.
Hyundai said in a statement that of the total 1 trillion won in estimated recall costs, some 38.9 billion won was due to the first recall.
Shares of Hyundai Motor and LG Chem were trading down 3.7% and 1.9% respectively in afternoon trade compared to a 2% fall for the broader market.
2. #LinkedIn:- LinkedIn, Microsoft Corp's professional networking site, said on Tuesday it had resolved a technical glitch on its platform, after thousands of users reported difficulties in accessing the website.
Downdetector, an outage tracking website, showed there were close to 26,000 incidents of people reporting issues with LinkedIn.
Earlier in the day, LinkedIn said an issue across its platform was causing certain functional requests to take longer or fail unexpectedly and that it was working on a fix.
California-based LinkedIn helps employers assess a candidate's suitability for a role and employees use the platform to find new job.
Downdetector only tracks outages by collating status reports from a series of sources, including user-submitted errors on its platform. The outage might have affected a larger number of users.
3. #SPACEX :- Billionaire Elon Musk's SpaceX has raised about $850 million in equity financing, the private rocket launch service said in a regulatory filing on Tuesday.
The private space company had raised $1.9 billion in August in its largest single fundraising round, according to financial software and data provider PitchBook.
The latest round reportedly lifted the valuation of the company whose investors include Alphabet Inc and Fidelity Investments to about $74 billion.
Earlier this month, a prototype of SpaceX's Starship rocket exploded during a landing attempt after a high-altitude test launch.
The SN9 prototype was a test model of the heavy-lift rocket being developed by the company to carry humans and 100 tons of cargo on future missions to the moon and Mars.