Tesla’s third quarter Model 3 delivery miss is further evidence the electric car maker will have difficulties ramping up manufacturing for the vehicle, according to a top Wall Street firm. In the third quarter, Tesla delivered 26,150 total vehicles and just 220 Model 3 cars versus the FactSet estimates of 25,860 and 1,260, respectively. Although […]
Read moreTophatter is an e-commerce retailer that sees itself as the anti-Amazon. While that gigantic online marketplace is where shoppers turn to buy what they need, Tophatter focuses more on what consumers didn’t know they wanted. Pulling up the app is like stepping into the world’s busiest discount mall. Act now! Deals won’t last! Users compete […]
Read moreThe world’s biggest oil producers, Russia and Saudi Arabia, have announced a $1 billion fund to invest in energy projects — marking another chapter in the blossoming economic and political partnership between the two countries. The latest deal will see Russia and Saudi Arabia strengthen their cooperation in oil, gas, electricity and renewable energy, Russian […]
Read moreA persistent wave of headlines about data breaches and cyberattacks, like the latest one on credit-monitoring firm Equifax, reinforces that cybersecurity remains fundamental to the future of our digital age and preservation of the economic and societal benefits that the internet provides. While new technology innovations continue to bring tremendous benefits to business productivity and […]
Read moreThe chairman and CEO of Berkshire Hathaway Warren Buffett said Tuesday he is very optimistic over the future of Bank of America. CNBC’s Becky Quick asked the billionaire investor which bank stock was his favorite. “What’s your favorite child?” Buffett joked on CNBC’s “Squawk Box” adding, “Bank of America has done a sensational job under […]
Read moreCurrency, United States Finance
Russia threatens retaliation over US 'break-in' at San Francisco consulate
U.S. officials broke into residences at Russia’s consulate in San Francisco, the foreign ministry in Moscow said, threatening retaliation over what it called a hostile and illegal act. Russian staff had left the consulate last month, after Washington ordered Moscow to vacate some of its diplomatic properties, part of a series of tit-for-tat actions during […]
Read moreThere is something vaguely unsettling about the explosive growth of exchange-traded funds and the passive investing strategies they employ. It might be a sense of nostalgia: We are witnessing the twilight of stock- and bond-picking fund managers who get paid to beat the market. Or it might be a fear that the giant herds of […]
Read moreCheck out which companies are making headlines before the bell: Lennar – The homebuilder reported quarterly profit of $1.06 per share, five cents a share above estimates. Revenue also topped forecasts. Home deliveries were up 12 percent from a year earlier, with new orders up eight percent. MGM Resorts – Susquehanna downgraded the stock to […]
Read moreBillionaire Warren Buffett told CNBC on Tuesday stock market valuations make sense with interest rates where they are. Rates have been a “powerful factor” in equities values, he said. The chairman and CEO of Berkshire Hathaway, who appeared on CNBC’s “Squawk Box,” said stocks are going to outperform bonds. “I can’t remember decision we ever […]
Read moreRussell Investments never thought stocks would rally 13 percent this year by October. The firm, which has $277 billion in assets under management, came into 2017 with a year-end price forecast of 2,100 on the S&P 500, 19 percent below current levels. “We’ve certainly been surprised by the resilience of the US market more from […]
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