Since it went public eight years ago, Tesla’s share price has risen nearly 2,000 percent. And the company is still unprofitable. CEO Elon Musk has said he expects Tesla to turn a profit in the third and fourth quarters of 2018. There is a bit of skepticism on Wall Street as to whether the company […]
Read moreUnion Square Ventures has big plans to profit on a potential trillion-dollar business in blockchain and crypto in 10 years. But those plans won’t include starting a separate fund, according to a top executive. “We’re not planning to do it,” Albert Wenger, managing partner at Union Square Ventures told CNBC. “We see a lot of […]
Read moreThe perfect French fry is crispy on the outside and fluffy on the inside. A French fry that has been delivered to your home is often the opposite: cold, soggy and limp. Lamb Weston, the country’s biggest manufacturer of those potato delicacies, wants better fast food. More from the New York Times: UK fears for […]
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Emerging markets are feeling the heat. China is in a bear market, Brazil is closing in on one, and the EEM emerging markets ETF could close out its worst quarter in nearly three years on Friday. Brace for more pain, says one technical analyst. “There’s really a time to own EEM and it’s time not […]
Read moreBitcoin might be winning back favor in the public eye. Mohamed El-Erian, the chief economic advisor at Allianz, called bitcoin a buy if its price falls below $5,000. The highly volatile cryptocurrency made waves recently after falling 70 percent from its peak, when the price was near $20,000. But today it’s reaching a point where […]
Read moreGeneral Electric‘s dividend will be cut “precipitously” by the end of 2019, one leading analyst predicted to CNBC on Friday. Stephen Tusa, an industrials analyst at J.P. Morgan whose reports have moved the stock before, expects GE’s dividend cut will be in the “30 percent plus range.” “It’s going to get cut, like let’s be […]
Read moreThe Dow Jones Industrial Average rallied triple digits in Friday trading, on track to close out the quarter on a high note. Still, the blue-chip index is negative for the year to date, and some of its components have undergone meaningful technical damage in recent months. A select group of underperformers is precisely what Piper […]
Read moreWhen Elon Musk talked with CNBC after Tesla’s IPO eight years ago, he dismissed the skeptics who were predicting Tesla wouldn’t last. “People at this point ought to be a little more optimistic about the future of Tesla because we’ve confounded the critics at every turn,” Musk said moments after Tesla went public at $17 […]
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Tesla CEO Elon Musk has made the electric car maker’s shareholders a lot of money. The company’s stock is up nearly 2,000 percent from its $17 per share initial public offering, which was held eight years ago on June 29, 2010. The stock market is rewarding companies that have a believable narrative on how to […]
Read moreConstellation Brands shares dropped on Friday after the company’s quarterly earnings missed expectations amid lower margins and rising marketing costs. The stock fell 4 percent after the spirits company reported an adjusted quarterly profit of $2.20 per share for its first fiscal quarter, below a Thomson Reuters consensus estimate of $2.43. The Corona beer producer […]
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