Wall Street finally got to see all the details for the Tesla Model 3 during the car’s launch event Friday. So far investors have given it the thumbs down with the electric car maker’s shares down more than 2 percent midday Monday. “We believe the Model 3 was as good as or better than expected, […]
Read moreFor a short time Thursday, Amazon founder Jeff Bezos surpassed Microsoft co-founder Bill Gates as the richest person alive. Amazon’s stock price then slid and Bezos went back to the number two spot, according to Forbes’ real-time ranking. But as the Seattle entrepreneurs jockey for the top ranking, Russian President Vladimir Putin is worth more […]
Read moreMarc Faber, the editor of The Gloom, Boom & Doom Report, told CNBC on Monday that risk has increased as stocks have moved higher. “Don’t be overly optimistic,” the widely followed newsletter analyst also known as “Dr. Doom” said on “Squawk Alley.” “If you look at the market, there are lots of stocks that are […]
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AS ANYONE who flies regularly for work can attest, business travellers are not constantly being doted upon. Flights are not all booked by a travel manager, nor are never-ending drinks being poured by dutiful attendants. Indeed, corporate travel might be becoming a more independent affair. According to a recent survey, a growing number of business travellers would […]
Read moreThe Federal Reserve’s plan to start unwinding quantitative easing as early as September could be derailed if Congress fails to tackle the looming deadlock over the US debt ceiling, analysts warn. Republican failures to win legislative victories — embodied by the collapse of healthcare reforms — last week injected an early bout of nerves into […]
Read moreHackers have published the alleged script of next week’s “Game of Thrones” episode after breaching HBO’s systems, Entertainment Weekly reports. HBO’s hugely popular “Game of Thrones” started its seventh season earlier this month. Hackers reportedly published what is supposedly the script for the season’s fourth episode, which is scheduled to air Sunday, Aug. 6. Upcoming […]
Read moreDespite a strong start to the year, Tesla shares are down nearly 10 percent in the past month, and options traders are piling into the stock ahead of its earnings report scheduled for Wednesday after the bell. “Tesla has been the second most active single stock option over the past 20 days – second only […]
Read moreDynavax stock rocketed up more than 70 percent in midday trading Monday after an FDA panel voted in favor of the company’s primary drug under development. The majority of an FDA advisory committee voted “yes” when asked whether data support the safety of Dynavax’s Heplisav. “[The] panel vote is a major win for Dynavax,” J.P. […]
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The stock market’s strong July performance may ward off some of the negative action that often comes in late summer — and set up 2017 for more sharp gains. While strategists warn the usually rocky late summer period would be a logical time for a pullback, technicians at Strategas point to a historic trend where […]
Read moreDrexel Hamilton’s research is expecting decent results in Apple’s third quarter earnings report, but investors should be more focused on the company’s upcoming innovations instead. The report, entitled “Just Looking to Get 3Q Over With and Focus on New iPhone Cycle,” was released Monday. “Apple is currently in the seasonal doldrums for the iPhone,” wrote […]
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