Tesla stock is surging again, set to open Tuesday’s trading at a new record high as major shareholder Ron Baron forecast the company will top $1 trillion in revenue in a decade and as investors who bet against the stock scrambled to catch up. “I just can’t believe this freaking stock. It’s insane,” Roth Capital analyst […]
Tag: business news
Rush Limbaugh says he has ‘advanced lung cancer’
US radio talk show host and conservative political commentator Rush Limbaugh looks on before introducing US President Donald Trump to deliver remarks at a Make America Great Again rally in Cape Girardeau, MO, on November 5, 2018. Jim Watson | Getty Images Conservative talk radio host Rush Limbaugh announced on his program Monday that he […]
UK fintech Azimo secures EU loan; anticipates ‘messy’ Brexit talks
The Azimo logo displayed on a smartphone. Azimo Azimo, the U.K. money transfer start-up taking on the likes of Western Union and MoneyGram, has raised 20 million euros ($23 million) in debt financing from the European Union. The loan from the European Investment Bank (EIB), which is the lending arm of the EU, will help […]
Fed’s Bostic says new virus hasn’t changed his outlook
President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters China’s virus outbreak has prompted traders to begin pricing in a U.S. interest rate cut by June but has not swayed the views […]
Google still isn’t telling us about YouTube and cloud profits
Google CEO Sundar Pichai speaks during signing ceremony committing Google to help expand information technology education at El Centro College in Dallas, Texas, October 3, 2019. Brandon Wade | Reuters Alphabet told investors half the story by disclosing YouTube and cloud revenue numbers for the first time. But what about the other half? After facing […]
Veterans Affairs deputy secretary James Byrne fired
Veterans Affairs Department Deputy Secretary James Byrne was fired Monday, amid controversy over the department’s handling of a sexual assault allegation by a House staffer visiting a VA facility last year. VA Secretary Robert Wilkie said he dismissed Byrne just five months after he was confirmed by the Senate “due to loss of confidence in […]
ISM manufacturing index January 2020
Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, November 20, 2019. Tom Brenner | Reuters U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, offering hope that a prolonged slump in business investment has probably bottomed out. The […]
Gatorade and Powerade try to adapt as sports drinks sales decline
The first National Football League team to drink Gatorade was the Kansas City Chiefs, who went on to win a Super Bowl that year. For the first time since winning the title in 1970, the Missouri football team is back in the big game this year. In the 50 years since the Chiefs’ victory, Gatorade […]
What it is, how it works and why it’s important
Signs for a number of different candidates are staked in the lawn outside of a home in Des Moines, Iowa, on January 25, 2020. Stephen Maturen | AFP | Getty Images An unusually crowded field of Democratic presidential contenders has campaigned for months to take on President Donald Trump in November. But before the hopefuls […]
Payments giant Worldline to buy rival Ingenico amid fintech threat
Two European giants in the payments space are set to combine to create the industry’s fourth-largest player. France’s Worldline said it would buy domestic rival Ingenico in a deal consisting of 81% stock and 19% cash. The transaction gives Ingenico an implied equity value of 7.8 billion euros ($8.6 billion), Worldline said in a statement, […]
