Investing

An analyst for a firm with a major investment in Tesla said Friday that recent drastic price-target cuts on the stock by others on Wall Street are missing the big picture. Ark Invest, whose founder predicted on CNBC last year that Tesla could hit $4,000 per share, stands by that call, even as the stock
0 Comments
Facebook CEO Mark Zuckerberg has held talks with his old rivals the Winklevoss twins as the social media giant plans to launch its own cryptocurrency, the Financial Times reported. Facebook has held talks with cryptocurrency exchanges Gemini, which was founded by the Winklevoss twins, and Coinbase, the newspaper said Thursday, citing sources. The company is
0 Comments
Chinese made jackets are displayed for sale at a Manhattan department store on May 07, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images American retailers are working hard to leverage this Memorial Day weekend to boost sales. Heavyweights like Amazon, Target, Macy’s, and Home Depot all have big promotional
0 Comments
The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Here are the biggest calls on Wall Street on Friday: Piper Jaffray said Amazon shares may be worth $3000 in two years Piper Jaffray said its call was based on “conservative growth and valuation assumptions.” “We
0 Comments
Founder, Chairman, CEO and President of Amazon Jeff Bezos gives a thumbs up as he speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. Clodagh Kilcoyne | Reuters Amazon shares will rally to $3,000 in about two years, making them worth nearly $1.5 trillion, without the company doing
0 Comments
The booster of SpaceX’s Falcon 9 rocket lands on the company’s barge after launching the Spaceflight SSO-A mission. SpaceX Elon Musk’s SpaceX, in a previously secret lawsuit revealed on Wednesday, challenged the Air Force awarding $2.3 billion in rocket development contracts last year to competitors Blue Origin, Northrop Grumman and United Launch Alliance, which is a
0 Comments
Elon Musk, chief executive officer of Tesla Inc., arrives at federal court in New York, on Thursday, April 4, 2019. Natan Dvir | Bloomberg | Getty Images Morgan Stanley caused a stir on Tuesday when star auto analyst Adam Jonas put out a “bear case” scenario that envisioned Tesla‘s shares plummeting to just $10. And
0 Comments