Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at the SpaceX launch facility in Cameron County, Texas, U.S., on Saturday, Sept. 28, 2019. Bronte Wittpenn | Bloomberg | Getty Images Tesla’s stock has piqued the interest of professional and retail traders alike as they try […]
Tag: Investment strategy
Consumer sentiment rises in February even amid the coronavirus outbreak
U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. The University of Michigan’s consumer sentiment index came in at 100.9 for February. Economists polled by Dow Jones expected February consumer sentiment to come in at 99.5. Consumers’ assessment of current economic conditions were virtually unchanged from […]
S&P all-time high, Tesla comeback, Microsoft turns negative
Elon Musk Mike Blake | Reuters This is a live blog. Check back for updates. 3:22 pm: Wayfair drops 13% as company announces job cuts Shares of the online retailer tanked 13% after the company said it was cutting roughly 3% of its workforce, which translates to around 500 jobs. The company said that around […]
Dow record, Charlie Munger on Tesla, Apple jumps
This is a live blog. Check back for updates. 4:01 pm: Dow rallies 270 points to a record The Dow jumped about 276 points to hit a record close on Wednesday, lifted by solid gains from UnitedHealth and Nike. Apple also rallied 2.4%. The gains brought the blue-chip index’s month-to-date rise to 4.5% as investors […]
Rapid CEO turnover continues with a record number of top executives departing in January
Ginni Rometty, Chairman, President and CEO of IBM speaking at the 2019 DealBook Conference in New York on Nov. 6th, 2019. Photo: Samuel Corum A total of 219 chief executive officer’s left their posts in January, the highest month on record, according to business and executive coaching firm Challenger, Gray & Christmas. Last month’s total […]
First-quarter US GDP may be as low as 1.2% because of coronavirus, but stocks don’t seem to care
A volunteer measures a passenger’s body temperature. In light of a coronavirus outbreak in China, Hong Kong district councillors and residents formed makeshift quarantine stations, screening passengers arriving from China, Feb. 4, 2020. Willie Siau | SOPA Images | LightRocket | Getty Images Concern about the coronavirus is weighing heavily on the outlook for first-quarter […]
Why Tesla stock seems expensive, even compared to other tech stocks
A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images News | Getty Images Tesla’s valuation has soared well past other automakers, even those which produce millions more cars each year, causing Morgan Stanley to take a look […]
Coronavirus knocks stocks from record highs
Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange. Bryan R. Smith | AFP | Getty Images Dow Jones Industrial Average drops 277 points The Dow slid 277.26 points, or 0.94%, to 29,102.51. The S&P 500 fell 0.54% to 3,327.71. The Nasdaq Composite pulled […]
Dow down 300, coronavirus names fall, Uber best day ever
This is a live blog. Check back for updates. 3:20 pm: Casper shares fall below its IPO price on second day of trading Shares of Casper plunged about 16% to $11.34 in afternoon trading, dipping below its IPO price of $12 per share. In its market debut on Thursday, the online mattress maker’s stock opened […]
Qualcomm, Yum China, Peloton and more
A Qualcomm sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters Check out the companies making headlines after the bell: Qualcomm – The semiconductor company’s stock dropped about 4% in extended trading though the company beat analysts’ estimates on both the top and […]
