While investors may be optimistic on Tesla’s Model 3 production plans, which were tweeted by Elon Musk overnight, Bernstein is still skeptical the company will be able to produce the new electric car at a profit. Tweet Link Analyst Toni Sacconaghi noted Musk’s tweets, if accurate, mean Tesla will be able to manufacture the Model […]
Read moreVerizon is speculated to be looking into buying media conglomerate Walt Disney, the New York Post reported this weekend, based on conversations the publication had with one banker. Shares of Disney were trading about 2 percent higher Monday morning, as investors digested this story on a holiday-shortened trading day. “One rumor making the rounds last […]
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The stock market has been on a tear this year and more gains may be ahead, according to what some say is the oldest market indicator on Wall Street. The Dow Jones industrial and transportation averages hit all-time highs on Monday, confirming each other’s upside trends and triggering a “buy” signal in the market, according […]
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Central bank easing may no longer be politically acceptable. That’s what Bank of America Merrill Lynch’s widely followed chief investment strategist, Michael Hartnett, says in a note. “Central banks have exacerbated inequality via Wall St. inflation & Main St. deflation; [it’s] no longer politically acceptable to stoke [the] Wall St. bubble,” the strategist wrote last […]
Read moreMarc “Dr. Doom” Faber has a warning for investors — brace yourselves for another financial crisis. Just last week, Federal Reserve Chair Janet Yellen said another crisis like the one in 2008 was not likely to happen “in our lifetime.” Faber told CNBC’s “Squawk on the Street” on Monday that “I’m 71 and for sure […]
Read moreOPEC has lost its grip on the oil market, but oil prices will likely set a bottom in the low $40s per barrel, according to the latest CNBC Oil Survey. Sixty percent of participants agree that OPEC has lost control of the oil market, and the same percent also expect the cartel to continue its […]
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Goldman Sachs is out with a call on bitcoin, and chart analyst Sheba Jafari expects the digital currency could rise as high as $3,915. That would be 52 percent above Monday’s price of about $2,567. “The market is in wave [four] of a sequence that started in the late-’10/early-’11 lows,” Jafari wrote in a Sunday […]
Read moreLike 21% of Americans, I’ve listened to a podcast in the last month. For me, these have helped transform a meaningless commute time into idea generating time. As someone most interested in investing in public tech and media companies, I tend to gravitate to podcasts that delve into these areas. That usually means I scan […]
Read moreFrench President Emmanuel Macron on Monday said he would go directly to voters via referendum if parliament does not vote major institutional reforms quickly enough. In a much-touted policy speech to both houses of parliament which was strong on broad principles but carried little concrete announcements, the new president confirmed he wanted to add a […]
Read moreFour former top Barclays executives appeared in court in London on Monday to face charges that they conspired to commit fraud during the bank’s 12 billion pound ($15.56 billion) emergency fundraising in 2008. Former Chief Executive John Varley along with Roger Jenkins, Tom Kalaris and Richard Boath were charged by Britain’s Serious Fraud Office last […]
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