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Search results for April 2023

Mobility

Tesla\'s auto business wobbles as Wall Street sees annual sales decline

Tesla is increasingly likely to post another year-on-year drop in vehicle sales as its core auto business weakens, Cryptopolitan reported. The stock is down 21 percent this year while the S&P 500 has risen 12 percent, and Tesla trades about 30 percent below its record high from last December. Fewer analysts now rate the stock a sell, though that shift does not reflect improved earnings expectations. Tesla has seen a rebound in European registrations, but Wall Street remains focused on annual pressure from auto sales.

Finance

Toss \'Quick Account Transfer\' tops 100 billion won in monthly transactions, users reach 12 million

Viva Republica, operator of Toss, said its simple account transfer service \"Quick Account Transfer\" has exceeded 100 billion won in monthly transaction value as of the end of August. Cumulative users also topped 12 million. The service allows payments directly from a bank account via open banking using a six-digit password, without installing a separate certificate. Toss said it streamlined sign-up and payment steps and improved payment success rates.

Crypto

ASX shareholders push lawsuit against former executives over failed blockchain CHESS replacement

Shareholders of Australian Securities Exchange (ASX) are moving to sue former executives and directors over the failed blockchain-based CHESS replacement project. Cointelegraph reported that Rocheville notified ASX it will apply to the Federal Court for permission to bring a statutory derivative action under sections 236 and 237 of the Corporations Act. ASX said there were no allegations against the exchange itself. The project was halted in 2022 after an Accenture review found major design and capability issues.