Telsa investors should get excited over the company’s potential in the world’s largest auto market, according to one Wall Street firm. Piper Jaffray reiterated its overweight rating for Tesla shares, predicting the electric car maker will thrive in China. “China could eventually be Tesla’s biggest source of revenue,” analyst Alexander Potter wrote in a note […]
Read moreMorgan Stanley CEO James Gorman sees more potential in bitcoin and other digital currencies than his counterpart at JPMorgan. Cryptocurrencies are “certainly something more than just a fad,” Gorman said at a Wall Street Journal event Wednesday. That contrasts with JPMorgan Chase CEO Jamie Dimon’s remarks earlier this month that bitcoin is a “fraud” and […]
Read moreSome of the world’s most valuable technology companies are moving into the regulated medical sector. And now they have found an important ally from within the federal government. The U.S. Food and Drug Administration this week said that it will work with 9 companies — including Alphabet, Apple, Fitbit and Samsung — to make it […]
Read moreIf you think a stock market correction is imminent, think again. At least that’s the message one JPMorgan strategist has for investors. Stephen Parker, head of thematic equity solutions for JPMorgan Private Bank, said that any market setback should be used as an opportunity to buy and given today’s economic environment, investors should embrace rather […]
Read moreWhen The Dodo founder and editor-at-large Izzie Lerer started her animal-focused media company, she always aimed to be a social-first publisher. Thanks to early pivoting to online video, the company is among the top Facebook video publishers with an average of 2.1 billion views a month and runs one of Facebook Watch’s most viewed shows. […]
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On the outside, Impossible Foods’ brand-new manufacturing plant in Oakland, California, looks like all of the other nondescript warehouses bordering the massive building. But inside, the company’s founder, Pat Brown, believes a revolution is happening. Brown, a former Stanford biochemist, used his scientific background to create fake “meat” using the active ingredient soy leghemoglobin, which […]
Read moreCertainly, with the recent breach of their data and executives jumping ship, to say Equifax isn’t popular might be the understatement of the century. In fact, when asked for comment on the company, Andy Swan, founder of LikeFolio, a technology company that uses social data about consumers to produce investing insights, told me that Equifax […]
Read moreThe news that music streaming service Spotify will go public later this year or early next using the relatively uncommon method of a direct listing has everyone in the tech and finance communities talking. Even the SEC is studying Spotify’s plan to skip a traditional IPO in favor of a direct public offering, or DPO. […]
Read moreWhile some investors may be optimistic on Tesla’s Model 3, one Wall Street firm is concerned over the company’s ability to profitably manufacture the new vehicle. Bernstein reiterated its market-perform rating for Tesla shares, telling investors to avoid buying the stock at its current valuation due to production risk. “Tesla’s persistent cash burn has been […]
Read moreTwitter said on Tuesday that it’s testing the ability for its users to send 280-character tweets, twice the current 140-character limitation. But you don’t need to wait for Twitter to upgrade your account to take advantage of this. Instead, you’ll just have to jump through a couple of hoops. Twitter users Rob Graham (@ErrataRob) posted […]
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