Top Business News Yesterday: Latest Updates and Insights
Business news is always evolving, and it is important to stay up to date with the latest developments to make informed decisions. Here are some of the top business news updates from yesterday:
1. Tesla’s Record-Breaking Quarter
Tesla reported its fifth consecutive quarterly profit, beating Wall Street estimates. The electric car maker’s revenue for Q3 was $8.8 billion, up from $6.3 billion last year, due to increased deliveries of its Model Y and Model 3 vehicles. Tesla also announced plans to produce its own batteries, which would help reduce costs and improve efficiency.
2. Amazon’s Prime Day Sales
Amazon’s annual Prime Day event, which was delayed this year due to the pandemic, took place yesterday. The company reported record-breaking sales, with third-party sellers selling more than $3.5 billion worth of goods. Amazon’s own devices, such as the Echo Dot and Fire TV Stick, were also among the top-selling items.
3. Apple’s New iPhone 12
Apple unveiled its latest iPhone, the iPhone 12, which is available for pre-order starting today. The new lineup includes four models, all of which are compatible with 5G networks. The iPhone 12 features a new design, improved camera quality, and faster processing speeds.
4. Starbucks’ Sustainability Efforts
Starbucks announced plans to become more eco-friendly, with a goal to become “resource positive” by 2030. The company plans to shift to reusable or recyclable packaging, reduce waste, and invest in regenerative agriculture. Starbucks also plans to expand its plant-based menu options and work towards becoming more energy-efficient.
5. Uber’s Plan for Self-Driving Cars
Uber announced its plan to launch a self-driving service in the next few years, which would eliminate the need for drivers. The company has been testing its autonomous vehicles in cities across the U.S. and plans to expand its program to other locations. Uber’s goal is to provide a safer, more efficient, and cost-effective transportation option for its customers.
In conclusion, staying informed about the latest business news can help individuals and businesses make informed decisions. From Tesla’s record-breaking quarter to Uber’s plan for self-driving cars, these updates provide insights into the current trends and developments in the business world. It is important to keep an eye on these and other updates to stay ahead of the curve and make informed decisions in an ever-changing business landscape.
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