Financial Industry News
The Telsa battery day was successful analysts say, as the electric carmaker showed unprecedented confidence. CEO Elon Musk said a $25,000 Tesla model is likely within three years as the company plans to develop batteries in-house. New Street Research analyst Pierre Ferragu described the announcement as “insane innovation.” The TSLA stock price plunged by 5.6% in […]
Continue ReadingBernstein just raised its rating on Amazon from ‘market perform’ to ‘outperform.’ Every major analyst is now bullish on the e-commerce giant. Amazon is benefiting from the shift to e-commerce. After plunging to a low of $1,626.03 on March 16, Amazon stock has had a fantastic rally. Shares soared by 118% to hit $3,552.25 on […]
Continue ReadingBefore Monday’s open, TSLA stock had recovered 33.9% in the last ten days as the anticipation towards Battery Day intensifies. Lucid Motors chief Peter Rawlinson says Tesla is creating core technologies from scratch, which not even Porsche does. The carmaker is now in an advantageous position against both electric carmakers and traditional car companies. Tesla […]
Continue ReadingSony is matching the price point of the Xbox Series X at $499. According to FT’s report, Sony’s head of games said the PS5 might be its last console. Sony is making a big bet with digital games and at its digital edition is at a price disadvantage with the Xbox. Sony is launching the […]
Continue ReadingRBC 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 […]
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