Norway's $1.3 trillion sovereign wealth fund, the world's largest, earned a return on investment of 1.07 trillion Norwegian crowns ($122.7 billion) in 2020, the second highest in its 22-year history, it said on Thursday.
Electric truck startup Rivian is now apparently valued at about $27.6 billion following a recent fundraise. So what’s really driving this privately held company’s valuation? Rivian appears to be doing quite a lot of things right. Firstly, the company is squarely targe
French-Italian chipmaker STMicroelectronics said on Thursday it planned to increase investments in 2021 to meet higher demand, especially in automotive and microcontroller segments, and forecast first-quarter sales to jump by almost a third year-on-year.
French-Italian chipmaker STMicroelectronics said on Thursday it expected its first-quarter sales to jump by almost a third year-on-year, confirming the acceleration in demand, especially in automotive and microcontroller segments.
Making money by betting a company's shares will sink in value has become more challenging in recent weeks as markets rocketed higher and a growing wave of investors became ready to take on short sellers at almost any cost - even threatening their lives.
Chinese automaker Geely will be an anchor investor in a plan by U.S. electric vehicle firm Faraday Future to go public through a merger with a blank-check acquisition company, two people familiar with the matter said.
Shares of electric car maker Tesla (NASDAQ: TSLA) sank more than 5% in after-hours trading Wednesday following the release of earnings that investors saw as subpar. Analysts expected Tesla to report $1.01 per share in pro forma profits for its fiscal fourth quarter of 2020. Tesl
Following an incredible 2020 for Tesla (NASDAQ: TSLA) stock, expectations were high going into the company's fourth-quarter earnings report Wednesday afternoon. Investors in the growth stock were looking for another quarter of meaningful profits and signs that rapid sales growth
The stock market moved sharply lower on Wednesday, showing some cracks in the long bull market that investors have enjoyed since last April. Controversy surrounding stocks with high short interest levels continued to dominate the attention of many individual investors, but weakn
(RTTNews) - Shares of Tesla Motors Inc. (TSLA) slipped 5% in extended trading session on Wednesday after the luxury electric car maker reported a profit for the fourth quarter that fell short of Wall Street analysts' estimates.Palo Alto, California-based Tesla reported fourth-qua
It was an abysmal day for stocks, with all three major indexes languishing in the red before logging dramatic losses. In fact, the Dow suffered its worst day since October, shedding over 630 points. A disappointing quarterly report from Boeing (BA) was partly to blame, though r
(RTTNews) - Tesla Motors, Inc. (TSLA) reported a profit for its fourth quarter that climbed from last year.The company's profit came in at $270 million, or $0.24 per share. This compares with $105 million, or $0.11 per share, in last year's fourth quarter.
Tesla Inc's fourth-quarter profit fell short of Wall Street expectations and the company on Wednesday did not provide a clear 2021 vehicle delivery target, sending shares down 5.7% in extended trade.
Tesla Inc on Wednesday beat Wall Street estimates for fourth-quarter revenue after trouncing 2020 deliveries earlier this month on a steady rise in electric vehicle demand.
The following companies are expected to report earnings after hours on 01/27/2021. Visit our Earnings Calendar for a full list of expected earnings releases.Apple Inc. (AAPL) is reporting for the quarter ending December 31, 2020. The computer company's consensus earnings per sha
The Dow and the S&P 500 slid more than 1% on Wednesday as Boeing slumped on posting a record annual loss, while declines were exacerbated by hedge funds selling off long positions to cover a short squeeze sparked by a sharp rally in GameStop and AMC.
If you thought 2020 was a tough one to explain, with the market rising despite a pandemic and global recession, good luck trying to figure out 2021. It's been a wild trading year so far, and we're still only in January. Some of the market gains are warranted, but I'm not sure if
The stock market pulled back significantly on Wednesday morning, as investors worried that the ascent that they've seen in major stock market indexes might have come too far too quickly. Stocks dropped precipitously at the open but clawed back some of their losses as the morning
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