Tesla CEO Elon Musk has no intention of raising more capital, even though some on Wall Street think he should. Asked on Wednesday if he might consider now a good time to raise more money, Musk simply said “no.” “I specifically don’t want to,” he said, on a conference call after Tesla posted first-quarter earnings […]
Read moreAsian shares looked set for a muted open on Thursday following a decline in markets stateside as investors focused on the Federal Reserve’s latest statement. U.S. stocks finished the day in negative territory after the Fed kept interest rates unchanged, a move that was widely expected, and acknowledged that inflation was starting to inch higher. […]
Read moreOne month ago, Facebook seemed to be on the brink of demise, with CEO Mark Zuckerberg testifying before Congress about a data-harvesting scandal that affected millions of users. “Facebook seemed like it was running amok and was about to be leveled by the government,” CNBC’s Jim Cramer, the host of “Mad Money,” recalled on Wednesday. […]
Read moreShares in Tesla took a nosedive in after-hours trading today as Elon Musk cut off analysts during a first-quarter earnings call. He dismissed a question about gross margins from Bernstein senior analyst Toni Sacconaghi as “boring.” Instead, Musk and other executives answered multiple questions from a Tesla enthusiast and Youtuber named Gali Russell. The 25-year-old […]
Read moreApple’s service stream revenue has never been quite as important as it became in the second quarter of 2018, CNBC’s Jim Cramer argued on Wednesday. “[It] simply didn’t have enough critical mass to make a difference until, well, now,” the “Mad Money” host said one day after Apple’s earnings report. “With last night’s blowout quarter, […]
Read moreOne month ago, Facebook seemed to be on the brink of demise, with CEO Mark Zuckerberg testifying before Congress about a data-harvesting scandal that affected millions of users. CNBC’s Jim Cramer, whose charitable trust owns shares of Facebook, even sold some of the social media giant’s stock on the news, citing the concerning headlines. “Facebook […]
Read morePayments processing company Square said it sold a total of $34.1 million in bitcoin in the first quarter. However, the company spent $33.9 million to buy bitcoin to allow people to trade it through its Cash mobile payments app. As a result, adjusted revenue from bitcoin was just $200,000. Square, headed by Twitter co-founder Jack […]
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In April 2018, Teslareportedthat it had missed its first quarter production and delivery targets for the Model 3. The company produced 2,020 Model 3s in the final week of the first quarter, short of its goal of producing 2,500 Model 3 sedans weekly by the end of March. To increase its Model 3 production rate, […]
Read moreSquare tumbled more than six percent in after-hours trading on Wednesday after issuing an earnings forecast that trailed analysts’ estimates. First-quarter earnings matched expectations, while revenue came in ahead of estimates. But investors appear to be focused on what’s coming for Square. Here are the most important numbers: Revenue: $307 million vs. $293 million, as […]
Read moreChina has quietly installed anti-ship cruise missiles and surface-to-air missile systems on three of its fortified outposts west of the Philippines in the South China Sea, a move that allows Beijing to further project its power in the hotly disputed waters, according to sources with direct knowledge of U.S. intelligence reports. Intelligence assessments say the […]
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