Fri, January 27, 2023

Betsy Miller

Why are Wall Street Analysts as Pessimistic as Ever?

Why Are Wall Street Analysts as Pessimistic as Ever?

With the start of a corporate earnings season this week, the stock market will face its next big test. Analysts’ concerns over inflation and the economy’s health are expected to dominate the policy debate. According to FactSet, analysts anticipate S&P 500 firms to report their first year-over-year quarterly earnings decline since the Covid-19 pandemic in …

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Coinbase Shares Surge as it Agrees to a Settlement

Coinbase Shares Surge as It Agrees to A Settlement

The New York State Department of Financial Services highlighted its intention to set the regulatory agenda for digital currencies with a $100 million settlement made public on Wednesday. This boosted Coinbase shares by 5%. Coinbase Global Inc., a cryptocurrency exchange, is regulated by the Securities and Exchange Commission. To resolve accusations that it breached anti-money-laundering …

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Tesla Stock’s Worst Drop in Two Years

Tesla Stock’s Worst Drop in Two Years

On the first day of trading in 2023, shares of the electric vehicle company plummeted sharply after it announced poor fourth-quarter shipment numbers, reigniting demand worries and weighing on a Tesla stock that has just seen its worst-ever yearly performance. On Tuesday, Tesla stock finished at $108.10, down 12% from the day before. With shares …

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Tesla, supply chain, Musk

Tesla Stock Demise Has a Long Road to Recovery

Tesla stock took a beating in December. The carmaker’s shares dropped on fresh demand worries and a halt at its China plant. The year should be its worst ever. Tesla Motors suffered a seven-day losing streak through Tuesday’s close, having seen its worst December stock performance. Since September 2018, when the firm was trying to …

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Tesla Remains a Wall Street Darling

Christmas Suspension at Tesla in Shanghai

According to people familiar with the situation, Tesla halted vehicle manufacturing at its Shanghai factory on Saturday. This extended a planned eight-day manufacturing halt by car output. According to the sources, Tesla is fighting a wave of COVID-19 infections among its employees and suppliers. This prompted the decision to extend the work halt. A temporary …

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How much SpaceX stake does Elon Musk maintain

How Much SpaceX Stakes Does Elon Musk Maintain?

SpaceX stake ownership held by Elon Musk decreased in recent years. Nonetheless, according to regulatory documents, the company’s CEO has retained control of the rocket startup he started two decades ago. According to a document filed with the Federal Communications Commission last week, a trust associated with Musk owns 42% of SpaceX. This coordinates the …

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Microsoft VS FTC - Fight Worth a Lookout

Microsoft vs FTC- Fight Worth a Lookout

Xbox Maker Says FTC Can’t Prove that The Deal Harms Consumers Microsoft Corp Inc. contends that its proposed $69 billion deal for Activision Blizzard Inc. would harm competition in the video-gaming market. The accusations come from the US Federal Trade Commission. However, Microsoft said the alliance would offer more alternatives to players and game developers …

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Is Nuclear Fusion Energy Ready For Prime Time?

Is Nuclear Fusion Energy Ready for Prime Time?

A controlled reaction at the Lawrence Livermore National Laboratory generated more energy than it consumed this past week. Hence, the U.S. Energy Department announced a breakthrough in research revolving around nuclear fusion. Fusion provides a limitless supply of clean energy. How long will it take for this breakthrough to come through? Understanding three fundamental numbers …

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