Microsoft may not be able to ship enough new Xbox consoles to meet demand until April next year, one Microsoft executive has said, while another has apologised for shipping delays. “The number one request I get over and over is, ‘It’s so hard to get the consoles right now,’ and you know I really apologise...
Day: <span>30 November 2020</span>
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Tesla Electric Cars Maker, hits $500 billion market cap for the first time
Tesla finished the trading day Tuesday with a market cap greater than $500 billion for the first time after its stock price surpassed $527.48 per share. Tesla’s enterprise multiple, or its enterprise value relative to EBITDA, exceeded 130 based on the company’s last 12 months, according to Factset. With a forward enterprise multiple of 63, Tesla shares closed...
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Petrol Price is set to Drop this Festive Season – Good News for Motorist
South Africans can look forward to slightly cheaper petrol for the holiday season, according to unaudited month-end fuel price data from the Central Energy Fund, however diesel prices are set to go up slightly. According to the Automobile Association, the price of petrol is looking set to decrease by around 27 cents a litre from...
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South African Stores snub China and Source their Products Locally – Local is Lekker
South African retailers including The Foschini Group Ltd. and Woolworths Holdings Ltd. are increasing investment in local clothing manufacturers – both to reduce a dependency on Chinese imports and secure a supply chain thrown into disarray by Covid-19 restrictions. The companies have signed up to an industry plan that includes a target to source 65% of their...
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BuzzFeed Acquire HuffPost In Verizon Deal
Under the deal Verizon will acquire a minority equity stake in BuzzFeed, with the digital publisher and telecom giant partnering on advertising and content. Two titans of the digital publishing space will soon merge, as BuzzFeed is acquiring HuffPost as part of a larger deal with Verizon Media. The deal has multiple pieces, with Verizon...