TOP STOCKS TO WATCH OUT TODAY:
#APACHE Corp. up 9.902% at $21.31, #STARBUCKS Corp. up 4.97% at $105.39, #GENERAL Motors down 3.511% to $42.87, FORD Motor Co. down 3.492% to $9.12, TESLA Inc up 3.737% to $627.07, #PAYPAL Holdings up 2.154% at $215.34.
#APACHE Corp. up 9.902% at $21.31, #STARBUCKS Corp. up 4.97% at $105.39, #GENERAL Motors down 3.511% to $42.87, FORD Motor Co. down 3.492% to $9.12, TESLA Inc up 3.737% to $627.07, #PAYPAL Holdings up 2.154% at $215.34.
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 Koreaβs 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.
βApple and Hyundai are in discussion, but as it is at early stage, nothing has been decided,β 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 Koreaβs 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.
βApple and Hyundai are in discussion, but as it is at early stage, nothing has been decided,β 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.#AMAZON:- Amazon.com Inc on Monday said it was working to remove some QAnon products from its online marketplace, citing policies that prohibit offensive items or other inappropriate content.
The world's largest online retailer drew scrutiny for having apparel with QAnon insignia and related books up for sale days after QAnon followers joined last week's siege of the U.S. Capitol, which left five people dead.
QAnon backers have pushed conspiracies on social media based on web postings from the anonymous "Q," citing insider knowledge of U.S. President Donald Trump's administration. These include the baseless claim that Trump secretly is fighting a cabal of child-sex predators, among them prominent Democrats and figures in Hollywood.
2.#INTEL :-Intel Corp said on Monday it would ramp up the production of a new data center chip in the first quarter and that a new generation of chipmaking technology will become a key part of its output this year.
Intel, the biggest maker of central processor chips for both PCs and for the data center servers that power the internet, has struggled with delays in ramping up its current 10-nanometer semiconductor manufacturing process and its next-generation 7-nanometer process. The delays have allowed rivals such as Advanced Micro Devices Inc to gain market share.
3.#NOKIA:- Telecoms operator Tele2 will partner with Finland's Nokia for the deployment of its 5G core network in Sweden and the Baltics, it said on Monday.
The Swedish company said that the new core infrastructure will support both 4G and 5G connectivity, allowing higherspeeds and lower latencies.
Sweden, home to Nokia's rival Ericsson, said in October it would ban China's Huawei and ZTE from its 5G rollout due to security risks.
European countries have been tightening controls on Chinese firms building 5G networks following pressure from Washington, which alleges Huawei equipment could be used by Beijing for spying. Huawei has repeatedly denied being a national security risk.
4.#PAYPAL :PayPal Holdings Inc said on Monday it had blocked a Christian crowdfunding site, GiveSendGo, after it helped raise funds for people who attended last week's event in Washington when supporters of President Donald Trump stormed the Capitol.
The digital payments processor also confirmed to Reuters that it closed an account held by Ali Alexander, one of the organizers of the gathering. The news was reported earlier by Bloomberg, which cited an unidentified source.
Online platforms and social media companies are distancing themselves from, and taking action against, those that encouraged or engaged in last week's violence in the U.S. Capitol.
5. #GENERAL MOTORS :- General Motors Co , as part of a $27 billion initiative to match or surpass Tesla Inc in the electric vehicle sector, is working with "all the best startups" on next-generation EV battery technology while planning a big boost in production capacity for its new Ultium battery system, an executive said on Monday.
"We're partnering with some great companies," including Honda Motor and LG Chem, on electric vehicles and batteries, said Doug Parks, GM's executive vice president of global product development. But "we're also looking outside the company to startups to get on the front edge of that learning curve."
Parks, speaking at an investor conference, said GM continues to build its relationship with Honda, with whom the U.S. automaker is jointly developing several future electric vehicles.
"There's an opportunity for more," Parks said. "We could extend that relationship to other segments," including sharing combustion-engine vehicles and platforms with Honda.
1.#AMAZON:- Amazon.com Inc on Monday said it was working to remove some QAnon products from its online marketplace, citing policies that prohibit offensive items or other inappropriate content.
The world's largest online retailer drew scrutiny for having apparel with QAnon insignia and related books up for sale days after QAnon followers joined last week's siege of the U.S. Capitol, which left five people dead.
QAnon backers have pushed conspiracies on social media based on web postings from the anonymous "Q," citing insider knowledge of U.S. President Donald Trump's administration. These include the baseless claim that Trump secretly is fighting a cabal of child-sex predators, among them prominent Democrats and figures in Hollywood.
2.#INTEL :-Intel Corp said on Monday it would ramp up the production of a new data center chip in the first quarter and that a new generation of chipmaking technology will become a key part of its output this year.
Intel, the biggest maker of central processor chips for both PCs and for the data center servers that power the internet, has struggled with delays in ramping up its current 10-nanometer semiconductor manufacturing process and its next-generation 7-nanometer process. The delays have allowed rivals such as Advanced Micro Devices Inc to gain market share.
3.#NOKIA:- Telecoms operator Tele2 will partner with Finland's Nokia for the deployment of its 5G core network in Sweden and the Baltics, it said on Monday.
The Swedish company said that the new core infrastructure will support both 4G and 5G connectivity, allowing higherspeeds and lower latencies.
Sweden, home to Nokia's rival Ericsson, said in October it would ban China's Huawei and ZTE from its 5G rollout due to security risks.
European countries have been tightening controls on Chinese firms building 5G networks following pressure from Washington, which alleges Huawei equipment could be used by Beijing for spying. Huawei has repeatedly denied being a national security risk.
4.#PAYPAL :PayPal Holdings Inc said on Monday it had blocked a Christian crowdfunding site, GiveSendGo, after it helped raise funds for people who attended last week's event in Washington when supporters of President Donald Trump stormed the Capitol.
The digital payments processor also confirmed to Reuters that it closed an account held by Ali Alexander, one of the organizers of the gathering. The news was reported earlier by Bloomberg, which cited an unidentified source.
Online platforms and social media companies are distancing themselves from, and taking action against, those that encouraged or engaged in last week's violence in the U.S. Capitol.
5. #GENERAL MOTORS :- General Motors Co , as part of a $27 billion initiative to match or surpass Tesla Inc in the electric vehicle sector, is working with "all the best startups" on next-generation EV battery technology while planning a big boost in production capacity for its new Ultium battery system, an executive said on Monday.
"We're partnering with some great companies," including Honda Motor and LG Chem, on electric vehicles and batteries, said Doug Parks, GM's executive vice president of global product development. But "we're also looking outside the company to startups to get on the front edge of that learning curve."
Parks, speaking at an investor conference, said GM continues to build its relationship with Honda, with whom the U.S. automaker is jointly developing several future electric vehicles.
"There's an opportunity for more," Parks said. "We could extend that relationship to other segments," including sharing combustion-engine vehicles and platforms with Honda.
TOP 5 STOCKS TO WATCHOUT:-
1.#Airbnb:- Airbnb has been canceling home-sharing reservations in the Washington D.C. area for the week of President-elect Joe Biden's inauguration after law enforcement warned of a threat from armed militias, the rental platform said on Wednesday.
Airbnb said it made the decision after consulting local and federal officials and after a number of hosts worried about potential attacks sought to cancel bookings.
"We are aware of reports emerging yesterday afternoon regarding armed militias and known hate groups that are attempting to travel and disrupt the Inauguration," Airbnb said.
The company did not comment on specific instances and said it did not see evidence on its platform of guests planning protests and attacks.
Critics of last week's attack on the U.S. Capitol have asked hotels to cancel bookings during inauguration week to prevent further attacks, but major hotel chains Hilton Worldwide Holdings Inc and Marriott International said they planned to uphold existing reservations.
2. #Google :Australia urged Google on Thursday to "focus on paying for original content, not blocking it" after the internet giant said it was running tests that limit access to domestic news content, deepening a rift between the tech giant and the government.
After the Alphabet Inc owned search engine provider said it was conducting experiments to determine the value of its service to Australian news outlets, Treasurer Josh Frydenberg accused it of "blocking" users when it should be paying for the content.
"The digital giants should focus on paying for original content, not blocking it," Frydenberg told reporters, referring to Google and social media behemoth Facebook Inc .
The companies should "pay traditional news media businesses a fair sum of money for those news media businesses generating original content", he added.
The spat shows the strong resistance by the so-called Big Tech firms to laws which will force them to negotiate with Australian news outlets over payment for the content which appears on their platforms.
3.#Amazon:- Parler, a social media outlet favored by some supporters of U.S. President Donald Trump, urged a court Wednesday to order Amazon.com Inc to put it back online.
Amazon had shut down Parler following the Jan. 6 riot by Trump supporters at the Capitol aimed at preventing Democrat Joe Biden from becoming president. Parler filed a lawsuit against Amazon on Jan. 11, accusing it of making an illegal decision to shut it down to benefit Twitter Inc .In its filing, Parler argued that Amazon Web Services breached its contract by cutting it off. Amazon earlier had said it had warned Parler about ugly and threatening language on its site, citing posts with vile language used to describe former first lady Michelle Obama, as well as postings such as "the only good democrat is a dead one. Kill'em all."
4. #Paypal :-PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the U.S. fintech giant eyes a bigger foothold in a booming market for online payments.
PayPal acquired the 30% stake it doesn't already own in China's GoPay, formally known as Guofubao Information Technology Co., on Dec. 31, 2020, according to shareholder data from the National Enterprise Credit Information Publicity System.
Financial details weren't disclosed in the data. The stake purchase came a year after PayPal bought a 70% stake in GoPay for an undisclosed amountοΌthen becoming the first foreign company licensed to provide online payment services in China.
1.#Airbnb:- Airbnb has been canceling home-sharing reservations in the Washington D.C. area for the week of President-elect Joe Biden's inauguration after law enforcement warned of a threat from armed militias, the rental platform said on Wednesday.
Airbnb said it made the decision after consulting local and federal officials and after a number of hosts worried about potential attacks sought to cancel bookings.
"We are aware of reports emerging yesterday afternoon regarding armed militias and known hate groups that are attempting to travel and disrupt the Inauguration," Airbnb said.
The company did not comment on specific instances and said it did not see evidence on its platform of guests planning protests and attacks.
Critics of last week's attack on the U.S. Capitol have asked hotels to cancel bookings during inauguration week to prevent further attacks, but major hotel chains Hilton Worldwide Holdings Inc and Marriott International said they planned to uphold existing reservations.
2. #Google :Australia urged Google on Thursday to "focus on paying for original content, not blocking it" after the internet giant said it was running tests that limit access to domestic news content, deepening a rift between the tech giant and the government.
After the Alphabet Inc owned search engine provider said it was conducting experiments to determine the value of its service to Australian news outlets, Treasurer Josh Frydenberg accused it of "blocking" users when it should be paying for the content.
"The digital giants should focus on paying for original content, not blocking it," Frydenberg told reporters, referring to Google and social media behemoth Facebook Inc .
The companies should "pay traditional news media businesses a fair sum of money for those news media businesses generating original content", he added.
The spat shows the strong resistance by the so-called Big Tech firms to laws which will force them to negotiate with Australian news outlets over payment for the content which appears on their platforms.
3.#Amazon:- Parler, a social media outlet favored by some supporters of U.S. President Donald Trump, urged a court Wednesday to order Amazon.com Inc to put it back online.
Amazon had shut down Parler following the Jan. 6 riot by Trump supporters at the Capitol aimed at preventing Democrat Joe Biden from becoming president. Parler filed a lawsuit against Amazon on Jan. 11, accusing it of making an illegal decision to shut it down to benefit Twitter Inc .In its filing, Parler argued that Amazon Web Services breached its contract by cutting it off. Amazon earlier had said it had warned Parler about ugly and threatening language on its site, citing posts with vile language used to describe former first lady Michelle Obama, as well as postings such as "the only good democrat is a dead one. Kill'em all."
4. #Paypal :-PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the U.S. fintech giant eyes a bigger foothold in a booming market for online payments.
PayPal acquired the 30% stake it doesn't already own in China's GoPay, formally known as Guofubao Information Technology Co., on Dec. 31, 2020, according to shareholder data from the National Enterprise Credit Information Publicity System.
Financial details weren't disclosed in the data. The stake purchase came a year after PayPal bought a 70% stake in GoPay for an undisclosed amountοΌthen becoming the first foreign company licensed to provide online payment services in China.
After having won regulatory approval to raise holdings and dealt with the disruptions caused by the COVID-19 pandemic, Western firms are now reading plans to boost their onshore presence, representatives and headhunters said.
Foreign financial firms have long coveted a bigger presence in China, and their expansion comes against the backdrop of a revival in its economy, increased onshore deal activities, and a rapid pace of wealth creation.
Goldman is leading the charge of the Wall Street banks operating in China - the first to move towards taking full ownership of its securities business after it was fully opened up to foreigners last April.
It aims to hire 70 staff in China in 2021, a Goldman spokesman said, as it seeks to double headcount to 600 by 2024. The bank has about 400 staff now and the new hiring round will target investment bankers, brokers, analysts and technology staff.
5.#PAYPAL:-PayPal Holdings Inc is not likely to buy cryptocurrencies such as bitcoin, the payments processor's Chief Financial Officer John Rainey told CNBC on Thursday.
"We're not going to invest corporate cash, probably, in any sort of financial assets like that, but we want to capitalize on this growth opportunity that's in front of us" Rainey said in a CNBC interview.
PayPal said in October it will allow U.S. customers to hold bitcoin and other virtual coins in its online wallet, and shop using cryptocurrencies at merchants on its network.
Earlier this week, Mastercard said it was planning to offer support for some cryptocurrencies on its network this year. Asset manager BlackRock Inc and payments company Square Inc have also recently backed cryptocurrencies.
Rainey said PayPal wanted to invest its money in services the company is currently providing, such as buy now, pay later.
Buy now, pay later services have blossomed across retail websites during the COVID-19 pandemic, as more people turned to online shopping.
Foreign financial firms have long coveted a bigger presence in China, and their expansion comes against the backdrop of a revival in its economy, increased onshore deal activities, and a rapid pace of wealth creation.
Goldman is leading the charge of the Wall Street banks operating in China - the first to move towards taking full ownership of its securities business after it was fully opened up to foreigners last April.
It aims to hire 70 staff in China in 2021, a Goldman spokesman said, as it seeks to double headcount to 600 by 2024. The bank has about 400 staff now and the new hiring round will target investment bankers, brokers, analysts and technology staff.
5.#PAYPAL:-PayPal Holdings Inc is not likely to buy cryptocurrencies such as bitcoin, the payments processor's Chief Financial Officer John Rainey told CNBC on Thursday.
"We're not going to invest corporate cash, probably, in any sort of financial assets like that, but we want to capitalize on this growth opportunity that's in front of us" Rainey said in a CNBC interview.
PayPal said in October it will allow U.S. customers to hold bitcoin and other virtual coins in its online wallet, and shop using cryptocurrencies at merchants on its network.
Earlier this week, Mastercard said it was planning to offer support for some cryptocurrencies on its network this year. Asset manager BlackRock Inc and payments company Square Inc have also recently backed cryptocurrencies.
Rainey said PayPal wanted to invest its money in services the company is currently providing, such as buy now, pay later.
Buy now, pay later services have blossomed across retail websites during the COVID-19 pandemic, as more people turned to online shopping.
TOP 5 STOCKS TO WATCHOUT:-
1.#MICROSOFT - The European Banking Authority on Monday said it had been targeted by hackers, although no data had been obtained and it was redoubling efforts to shield itself amid a global cyber attack exploiting flaws in Microsoft's mail server software.
The European Union's banking regulator, which gathers and stores swathes of sensitive data about banks and their lending, said it believed the cyber attack had struck only its email servers.
It is the latest prominent victim among tens of thousands of organisations in Asia and Europe targeted in a campaign which Microsoft Corp says makes use of previously undetected vulnerabilities in different versions of its mail server software.
The hacks are continuing despite emergency patches issued by Microsoft, which has said it is working with government agencies and security companies to help customers.
However, one scan of connected devices showed only 10% of those vulnerable had installed the patches by Friday, though the number was rising.
Microsoft and a person working with the U.S. response blamed the initial wave of attacks on a Chinese government-backed actor. A Chinese government spokesman said the country was not behind the intrusions.
What started as a controlled attack late last year against a few classic espionage targets grew last month to a widespread campaign. More attacks are expected from other hackers as the code used to take control of the mail servers spreads.
All of those affected appear to run Web versions of email client Outlook and host them on their own machines, instead of relying on cloud providers.
2. #PAYPAL- PayPal Holdings Inc said on Monday it would buy Israel-based digital asset security provider Curv, as the payments processor looks to strengthen support to cryptocurrencies.
The terms of the deal, which is expected to complete in the first half of 2021, were not disclosed. Curv would be part of PayPal's recently created cryptocurrencies-focused unit.
PayPal said in October last year, it would allow customers to buy, sell and hold cryptocurrencies in its online wallets.
The move to acquire Curv comes as digital currencies have soared this year, with growing involvement of institutional investors including Tesla Inc, Bank of NY Mellon and Square Inc.
3. #BOSCH :- German technology group Bosch said on Monday it would open an automotive chip factory in Dresden in June to build on its leadership in sensor chips that will boost the electric car industry.
The 1 billion euro ($1.2 billion) plant will produce sensor chips to be installed in electric and hybrid electric vehicles. The chips help increase the range of electric vehicles.
Bosch began testing the fully automated production of prototype chips, a step towards starting full-scale production at the end of the year, it said.
The plant will not produce the kind of semiconductor chips now in short supply, causing disruptions to the global car industry.
The factory, partly financed by the Free State of Saxony and federal government in Berlin, will employ 700 people. Plans for the plant were announced in 2017.
The local and federal governments want to make Dresden a centre for semiconductor research and manufacturing.
4.#TESLA: -Billionaire entrepreneur Elon Musk will construct a large battery that will connect to the Texas grid, Bloomberg News reported on Monday.
Gambit Energy Storage LLC, which is registered as a Tesla Inc unit, is building an over 100-megawatt energy storage project in Angleton, Texas, the report said.
The battery could power about 20,000 homes in peak summer, the report added.
Tesla could not be reached for a comment.
This comes days after a mid-February storm temporarily knocked out around half the state's generating plants, triggering outages that killed dozens and pushed power prices up to 10 times the normal rate.
In 2016, Tesla had won a contract to provide a 20-megawatt energy storage system at a substation owned by California utility Southern California Edison Co.
1.#MICROSOFT - The European Banking Authority on Monday said it had been targeted by hackers, although no data had been obtained and it was redoubling efforts to shield itself amid a global cyber attack exploiting flaws in Microsoft's mail server software.
The European Union's banking regulator, which gathers and stores swathes of sensitive data about banks and their lending, said it believed the cyber attack had struck only its email servers.
It is the latest prominent victim among tens of thousands of organisations in Asia and Europe targeted in a campaign which Microsoft Corp says makes use of previously undetected vulnerabilities in different versions of its mail server software.
The hacks are continuing despite emergency patches issued by Microsoft, which has said it is working with government agencies and security companies to help customers.
However, one scan of connected devices showed only 10% of those vulnerable had installed the patches by Friday, though the number was rising.
Microsoft and a person working with the U.S. response blamed the initial wave of attacks on a Chinese government-backed actor. A Chinese government spokesman said the country was not behind the intrusions.
What started as a controlled attack late last year against a few classic espionage targets grew last month to a widespread campaign. More attacks are expected from other hackers as the code used to take control of the mail servers spreads.
All of those affected appear to run Web versions of email client Outlook and host them on their own machines, instead of relying on cloud providers.
2. #PAYPAL- PayPal Holdings Inc said on Monday it would buy Israel-based digital asset security provider Curv, as the payments processor looks to strengthen support to cryptocurrencies.
The terms of the deal, which is expected to complete in the first half of 2021, were not disclosed. Curv would be part of PayPal's recently created cryptocurrencies-focused unit.
PayPal said in October last year, it would allow customers to buy, sell and hold cryptocurrencies in its online wallets.
The move to acquire Curv comes as digital currencies have soared this year, with growing involvement of institutional investors including Tesla Inc, Bank of NY Mellon and Square Inc.
3. #BOSCH :- German technology group Bosch said on Monday it would open an automotive chip factory in Dresden in June to build on its leadership in sensor chips that will boost the electric car industry.
The 1 billion euro ($1.2 billion) plant will produce sensor chips to be installed in electric and hybrid electric vehicles. The chips help increase the range of electric vehicles.
Bosch began testing the fully automated production of prototype chips, a step towards starting full-scale production at the end of the year, it said.
The plant will not produce the kind of semiconductor chips now in short supply, causing disruptions to the global car industry.
The factory, partly financed by the Free State of Saxony and federal government in Berlin, will employ 700 people. Plans for the plant were announced in 2017.
The local and federal governments want to make Dresden a centre for semiconductor research and manufacturing.
4.#TESLA: -Billionaire entrepreneur Elon Musk will construct a large battery that will connect to the Texas grid, Bloomberg News reported on Monday.
Gambit Energy Storage LLC, which is registered as a Tesla Inc unit, is building an over 100-megawatt energy storage project in Angleton, Texas, the report said.
The battery could power about 20,000 homes in peak summer, the report added.
Tesla could not be reached for a comment.
This comes days after a mid-February storm temporarily knocked out around half the state's generating plants, triggering outages that killed dozens and pushed power prices up to 10 times the normal rate.
In 2016, Tesla had won a contract to provide a 20-megawatt energy storage system at a substation owned by California utility Southern California Edison Co.
BEST STOCK TO TRADE TODAY β 09 MARCH 2021
#Microsoft #Paypal #Bosch #Tesla #Apple
https://www.capitalstreetfx.com/en/best-stock-to-trade-today-09-march-2021/
#Microsoft #Paypal #Bosch #Tesla #Apple
https://www.capitalstreetfx.com/en/best-stock-to-trade-today-09-march-2021/
CFDs|Commodities | Stocks | Forex Trading | Broker |Capital Street FX
Best Stock To Trade Today - 08 March 2021 | Capital Street Fx
Best Stock To Trade Today - 08 March 2021 - Apple Inc Stock, Tesla Inc Stock, German technology group Bosch, MICROSOFT Stock, PayPal Stock