Elon Musk said Twitter Inc is now on track to be "roughly cash flow break-even" next year, as the billionaire owner defended his deep cost-cutting measures at the social media platform.
It's not easy being Cathie Wood these days. The Ark Invest co-founder, CEO, and top stock picker has fallen on hard times since turning heads with triple-digit returns in 2020 for her family of high-growth exchange-traded funds. Her largest fund hit a five-year low on Tuesday.
Wall Street's main stock indexes rose on Wednesday after Nike reported upbeat results, while investors drew comfort from data that showed improving consumer sentiment and a fall in inflation expectations.
The naysayers have been having a field day with Tesla (NASDAQ: TSLA), citing all sorts of negative trends that could imperil the electric-vehicle (EV) maker. But the naysayers have been wrong before.
Shares of Tesla (NASDAQ: TSLA) have cratered this month, falling more than 29% as of market close on Dec. 20. This decline adds to an already brutal year for the stock, bringing Tesla shares' total year-to-date return to a loss of more than 60%. Ouch.
Wall Street's main stock indexes were set to open higher on Wednesday as Nike brought cheer to markets with its better-than-expected results, while investors awaited more economic data for hints on the path of future interest rate hikes.
How easy was it to forget the rocket-launching, swashbuckling billionaire inspiration for the superhero “Iron Man” movies held more than one job this year: the self-anointed role of “Chief Twit.”
The NASDAQ 100 Pre-Market Indicator is up 63.83 to 11,136.25. The total Pre-Market volume is currently 41,986,184 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is +0.31 at $18.50, with 4,498,718 shares traded. Th
Tesla (NASDAQ: TSLA) became a publicly traded company in June 2010, and back then, electric vehicles were the whole of its business. Given the company has become the largest player in that industry globally, it's safe to say its journey so far has been a wild success.
How easy was it to forget the rocket-launching, swashbuckling billionaire inspiration for the superhero “Iron Man” held more than one job this year: the self-anointed role of “Chief Twit.”
Another wave of layoffs are coming at electric-car maker Tesla Inc in the next quarter, news website Electrek reported on Wednesday, citing a source familiar with the matter.
U.S. stock index futures rose on Wednesday, with Nike bringing cheer to markets after it reported better-than-expected results, while investors awaited more economic data for hints on the path of future interest rate hikes.
Bear markets are nothing new in crypto. While the S&P 500 experienced a gradual increase since the Great Recession and posted only one year with a decline in the span from 2009 to 2021, the cryptocurrency economy has been through roughly three bear markets in that same time f
Any growth investor would be thrilled with the increase that electric vehicle (EV) leader Tesla (NASDAQ: TSLA) has reported in both revenue and income in 2022. But valuation still matters, and Tesla shares experienced a serious correction this year.
Tesla (NASDAQ: TSLA) is one of the worst-performing stocks of 2022. After an unrelenting rise over the past decade to a trillion-dollar market cap, the stock is down 55% this year and now sports a market cap of less than $500 billion. The current bear market, antics from CEO Elon
As China's massive wave of COVID-19 infections begins its march across a country roughly the size of Europe, the ripple effect on business is accelerating.
Indonesia may allocate 5 trillion rupiah ($320.41 million) from next year's budget to incentivise electric vehicle (EV) purchases, though details of the scheme were still being finalised, a senior minister said on Wednesday.