Weekly Download - September 7
Tesla (Tii:TSLA) certainly knows how to strike when the iron is hot. The Elon Musk-led electric vehicle behemoth saw a 13% surge from bullish investors and traders on Monday following its 5-for-1 stock split— building on roaring momentum that's seen the stock skyrocket 479% this year.
On Sept. 15, the retail giant will launch Walmart+, a $98-a-year membership that includes free grocery delivery, a discount on gas from Walmart (Tii:WMT) parking lots and the ability to check out via a mobile phone in stores. Amazon (Tii:AMZN) Prime includes free, fast delivery of millions of items as well as access to video entertainment, streaming music and other perks for $119 a year.
AT&T Inc (Tii:T) is exploring a sale of its advertising unit Xandr, according to a person familiar with the matter, as it appears to reverse expensive plans to transform from a wireless carrier to a media and advertising powerhouse.
United Airlines (Tii:UAL) on Sunday said that it will permanently scrap fees to change domestic flights, a big bet that more flexible policies will win over much-needed customers as the pain from the coronavirus pandemic’s impact on air travel continue to mount.
Apple (Tii:AAPL) on Tuesday filed counterclaims and responses in its legal battle with Fortnite creator Epic Games and is now seeking damages for Epic Games’ breach of contract. It’s unclear how much Apple is asking for in damages.