Financial Industry News
RBC has upped its price target to $3,300 per share, about 32 percent higher from current prices. That would send the company’s valuation to over $1.6 trillion, and Jeff Bezos’ net worth to $195 billion. The upgrade is based strictly on coronavirus-related e-commerce trends. Over the past year, shares of Amazon (Nasdaq: AMZN) have climbed […]
Continue ReadingMany companies have publicly endorsed Black Lives Matter after George Floyd’s death. Not all of these firms have helped the cause. Some have made it worse, including these seven companies. Organizations are making a lot of noise in support of the Black Lives Matter movement. It suddenly seems as though every major firm in America […]
Continue ReadingElon Musk has renewed his rivalry with Jeff Bezos. The Tesla CEO wants Amazon to be broken up, stating that “monopolies are wrong”. Musk is starting to sound like Bernie Sanders, but don’t let him fool you. Weeks after openly siding with conservatives about reopening the U.S. economy, Tesla (NASDAQ: TSLA) CEO Elon Musk is […]
Continue ReadingAirline shares are rallying strongly, as early indicators are that they will fly close to 50% capacity this summer. That’s a steep rise from 20% back in April and May. The sector remains a mess, and bankruptcy is still a prospect for a segment only at half its capacity. Airline stocks offered some of the […]
Continue ReadingBetter-than-expected jobs numbers and signs of economic recovery are leading some to declare the worst is over. We’re still far from normal—and economic data still show we’re worse off than the Great Depression in many areas. Here’s why the recession may just be getting started. Wall Street loves setting expectations at levels that are easy […]
Continue ReadingFacebook employees want Mark Zuckerberg to review his stance on moderating President Trump’s posts. Employees of the social media giant protested on a related matter last year. Zuckerberg has several well-developed tactics he can use to avoid reversing course. Facebook (NASDAQ:FB) employees are speaking out over a decision by Mark Zuckerberg not to delete or […]
Continue ReadingTarget is temporarily closing stores in 175 locations. Even amid closures, Target’s stock is likely to continue soaring. Target’s growth in the digital sector can compensate for the losses of non-performing locations. Retail giant Target (NYSE:TGT) announced it is temporarily closing hundreds of its stores amid widespread rioting and looting. While the shuttering of some […]
Continue ReadingAmazon is increasingly encroaching on space occupied by Tesla. The online retailer has invested in electric and autonomous car startups. For the newly minted conservative, Elon Musk’s solution may lie with Democrats. More than two decades after launching as an online retailer, Amazon (NASDAQ:AMZN) is now in nearly every industry ranging from entertainment to manufacturing […]
Continue ReadingCostco shoppers have a reason to be excited as the company is reviving its free food samples. Costco relies on the in-store experience to drive foot traffic. Despite eliminating free samples in March due to health concerns, Costco still managed to beat analyst expectations. For shoppers who crave Costco’s (NASDAQ:COST) hotdogs, cheap food court finds, […]
Continue ReadingA large New York hedge fund dumped a boatload of Tesla shares in the first quarter of 2020. The electric car company is one profitable quarter away from being eligible to enter the S&P 500. The most widely followed trader on Twitter believes that Tesla offers a massive upside. Tesla (NASDAQ:TSLA) continues to be the […]
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