Data software company Cloudera named Rob Bearden as its new CEO on Monday. Bearden was previously the CEO of rival Hortonworks, which merged with Cloudera last year in a stock swap that valued the combined companies at $5.2 billion. Shares of Cloudera rose 3% in extended trading following the announcement. Bearden is a familiar face […]
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Lamborghini’s 2019 sales jump 43%, driven by its Urus SUV
Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000. Adam Jeffery | CNBC Lamborghini reported a scorching 43% jump in sales in 2019, driven by its new Urus SUV. Lamborghini is the latest high-end car company to report record sales in 2019, boosted by their hulking, powerful SUV’s than traditional […]
Tesla is an ‘existential threat’ to automakers
Tesla has shown it presents a significant risk to legacy automakers as the electric vehicle market grows more crowded, Oppenheimer analyst Colin Rusch told CNBC on Monday. Rusch became the biggest Tesla bull on Wall Street earlier in the day, when he raised his price target on the stock by nearly 60% to $612 per […]
Tesla (TSLA) stock hits $500 for the first time
Tesla stock continued to rally on Monday, rising nearly 10% on the day and closing at an all-time high of $524.86 per share. Tesla, which is now up more than 20% in 2020, continued to soar on its entrance into China and Q4 delivery figures that exceeded Wall Street’s expectations. The stock has more than […]
Cory Booker drops out of 2020 presidential race
Sen. Cory Booker, D-N.J., dropped out of the 2020 presidential race Monday, after failing to gain traction in national polls and failing to qualify for two Democratic debates. “Today I’m suspending my campaign for president in the same spirit with which it began,” Booker said in a video posted Monday morning. “It is my faith […]
CNBC’s Jim Cramer praises Elon Musk for making Teslas exciting
CNBC’s Jim Cramer extended high praise to Elon Musk on Monday, calling the Tesla CEO “the new face of an auto executive” and extolling the enjoyment of riding in one of the company’s electric vehicles. “Your car becomes an exciting, an exciting place to be,” Cramer said on “Squawk on the Street,” just after Monday’s […]
What happened to the stock market Monday: S&P, Nasdaq hit records
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Dow Jones Industrial Average rises 83 points The Dow climbed 83.28 points, or 0.29%, to end the day at 28,907.05. The S&P 500 and Nasdaq Composite rose 0.70% and 1.04%, respectively, to record highs. Stocks rose as optimism around the […]
S&P 500 rises to record high after news the US will remove currency manipulator tag from China
Stocks closed higher on Monday, resuming the rally that started last week amid news the U.S. will remove China from a list of currency manipulating countries, increasing optimism ahead of the signing of a key trade agreement. The S&P 500 gained 0.7% to close at 3,288.13, hitting a record high. The Nasdaq Composite also notched an all-time […]
Tesla, Lululemon, GE & more
Traders work on the floor of the New York Stock Exchange (NYSE) on November 04, 2019 in New York City. Spencer Platt | Getty Images Check out the companies making headlines midday Monday: Tesla — Tesla rose more than 9.5% after Oppenheimer hiked its price target for the electric car maker to $612 per share […]
My grandfather was an Iranian general who was killed in the revolution
Major Gen. Parviz Aminiafshar was commander of the Imperial Guards and head of G2 Military Intelligence for Iran’s Royal Army. Source: Yasmin Khorram There is another story about the killing of an Iranian general. And unlike Qasem Soleimani, he wasn’t an enemy of the U.S. In fact, as one of the top ranking military officials […]
