Michael Peres

Michael Peres

Benzinga Contributor

Rolls-Royce Goes Full Electric - More Than 300 Orders For Its $400K Spectre Electric Vehicle
Last year, Rolls-Royce (OTC: RYCEY) announced plans to replace its entire lineup of automobiles with EVs by 2030. To make good on this promise, the luxury auto manufacturer unveiled its first EV called Spectre on October 18.
Intel's Self-Driving Company Mobileye Files for IPO With an Expected $30 Billion Valuation
Mobileye, a self-driving tech company owned by Intel (NASDAQ: INTC), has just filed for IPO with the SEC under the symbol MBLY. According to the prospectus shared with the SEC, Intel is planning to list Class A common shares while retaining ownership over Class B stocks.
With Major Nosedives, Crypto's Being Seen As A Ponzi Scheme By Skeptics. Is There Something They Don't Get Right?
Cryptocurrency and traditional finance are worlds apart. Volatility is arguably one of the major components that differentiate the two. In the wake of the most recent downturn, skeptics have re-committed their efforts to vilify crypto—even to the point of associating it with Ponzi schemes. Does this imply they’re getting something wrong?
Jack Dorsey Outlines Block's Bitcoin-Centric Future, Says Company Is No Longer Just A Payment Firm
On Wednesday, the Block (NYSE: SQ) executives, on its first investor day in five years, agreed that the company no longer wants to be seen as a single-product company.
White House Says 20 Internet Companies Will Provide Free Internet To Millions Of Americans
The White House announced Monday that 20 leading internet service providers have agreed to offer affordable plans that will be free for millions of Americans. 
Crypto Exchange Giant Binance Gets Regulatory Approval In France, Seeks More Approvals In The Region
Cryptocurrency exchange giant Binance (CRYPTO: BNB) has acquired regulatory approval in France, Chief Executive Officer Changpeng Zhao said in a tweet on Wednesday. The move cements Binance’s plan to make Paris its European base.
Semrush Acquisition Spree Spawning A New Direction In The MarTech Industry
Semrush (NYSE: SEMR), a management and content marketing SaaS platform, has already made two pronounced acquisitions this year including the monumental Backlinko acquisition. In 2020, it acquired Prowly, a PR and media relations company. 
Xpeng, Among Other Chinese Auto Startups, See A Delivery Spike In Q1 Despite Headwinds
Amid a grapple with different headwinds such as a spike in the cost of raw materials and Covid-19 reinvigoration, Chinese auto startup makers Xpeng, Li Auto and Nio are seeing a spike in car deliveries. In Q1 2022, the companies registered higher year-over-year deliveries.
Huawei's 2021 Annual Report Shows Sales Plunge While Profits Sore, Despite US Crackdown
Chinese giant telecom equipment maker Huawei released its 2021 annual report on Monday revealing that sales fell but profit rose. Chief financial officer Meng Wanzhou, appeared at a press conference in Shenzhen to announce the company’s annual results for the first time since being held in Canada in 2018.
Nvidia To Launch World's Fastest AI System Later This Year As It Unveils New Supercomputer
On Tuesday, Nvidia Corporation (NASDAQ: NVDA) officially announced the debut of new chips designed to bolster computing power. Announcing at the Nvidia GTC conference, the new chip, Jetson AGX Orin, is the successor of the Nvidia Jetson AGX Xavier.
Russia And Ukraine Are Powerhouses In The Global Trade Of Food And Agricultural Products, Implications Posed By The Crisis
Prior to the ongoing Russia-Ukraine crisis, global food prices had reached an all-time high stemming from a wide array of factors such as high energy prices and fertilizers. The two rivalries are major players in global food and agricultural products.
Saudi Arabia's Aramco Passes $110 Billion In Profit, An Increase of 124% Compared To 2020
Saudi’s Aramco 2021 full-year profits hit a new record as the company registered a 124% increase to $110 billion compared to $49 billion in 2020. The energy giant attributed the shoot-up to increased oil prices as the market recovers from a pandemic-induced downturn.
The Ant Financial IPO Is Xi Jinping's Latest Battle With Big Business
Chinese Premier Xi Jinping personally made the decision to block Ant Group's IPO two weeks ago, according to The Wall Street Journal. The Chinese fintech's public listing of $37 billion was set to be the largest in history. 
Amazon Counts Over 19,000 Employees Infected By COVID-19
After being pressed by labor groups, regulators, and even politicians, Amazon.com (NASDAQ: AMZN) has finally disclosed the number of its workers infected by Covid-19.