The talk of Wall Street right now is Elon Musk‘s performance on Tesla’s earnings conference call where he dismissed analysts’ questions as “boring.” Morgan Stanley’s Adam Jonas said it was “the most unusual call I have experienced in 20 years on the sell-side.” Here are the highlights that have everyone talking: Musk begins call: “I […]
Read moreSince the dramatic and unprecedented advances in production and manufacturing of the Industrial Revolution from the late 1700s to the early 1900s, humans have been digging up coal, oil and gas for energy. Except for the introduction of nuclear power based on uranium in the 1950s and 60s, nothing has changed. Today, coal, oil and […]
Read moreZola, an online wedding planning startup, announced on Thursday that it’s raised $100 million in a new funding round. The series D financing was led by existing investor Comcast Ventures, with NBCUniversal and Goldman Sachs Investment Partners joining as new backers. Zola, which gears its platform to millennials, said total investments now stand at $140 […]
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Barclays upgraded Nvidia to overweight on Thursday, citing swelling demand for semiconductors over the next several years and conceding to investors that they were behind the times on the company until now. “We obviously are late to the party after two substantial years of outperformance but after taking a clean look at the AI landscape, […]
Read moreShares of Blue Apron rallied on Thursday after the company reported better-than-expected first-quarter earnings. The meal kit company’s stock rose more than 9 percent after Blue Apron said that its planned reduction in marketing contributed to a narrower-than-expected loss. Here’s how the company performed: Earnings: a loss of 17 cents per share vs. a loss […]
Read moreElon Musk‘s peculiar post-earnings call was the talk of the market Thursday morning, with one analyst ranking it among the strangest moments of his career. “Tesla’s 1Q18 analyst conference call was arguably the most unusual call I have experienced in 20 years on the sell-side,” Adam Jonas, equity analyst at Morgan Stanley, said in a […]
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As Apple basks in its post-earnings glow, one technician warns of a bumpier road that could put the path to a $1 trillion market cap at risk. “We’re gapping up into this huge, massive overhead supply,” Todd Gordon, founder of TradingAnalysis.com, told CNBC’s “Trading Nation” on Wednesday. “Apple is trying to get through this $175 […]
Read moreWearable device maker Fitbit forecast current-quarter revenue below Wall Street estimates on Wednesday as the company expects further sales declines for its fitness tracking devices. The company’s core wearable fitness trackers business has fallen sharply as it faces bigger names with deeper pockets, such as Apple and Samsung, that are relatively new entries in the […]
Read moreXiaomi, a Chinese consumer electronics company, filed for an initial public offering (IPO) on Thursday. The listing could reportedly raise $10 billion and value the company at $100 billion, making it one of the largest IPOs since Alibabain New York in 2014. Despite its size, you’d be forgiven for not knowing anything about Xiaomi. Many […]
Read moreThe United Arab Emirates (UAE) is gearing up to help meet a growing demand for aircraft with air travel expected to rise exponentially in the coming years. “The forecast we’ve seen is the world will require around 35,000 aircraft over the next 20 to 25 years,” Ismail Ali Abdulla, the CEO of Emirati aerospace firm […]
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