Tesla chief executive Elon Musk warned you. In May, when the stock of the electric vehicle was less than half of its current value (adjusted for splitting), Musk famously tweeted that his company had been overvalued. Investors finally shared that vote on Tuesday when the stock fell 21 percent after …
Read More »Of all the major changes that took place in the Dow on Monday, this may be the most important
The Dow Jones Industrial Average will see a handful of significant changes on Monday morning, but that, perhaps, change in how it will be calculated, will be the most important for Wall Street in the near term. Starting Monday’s opening, the so-called divisor – the figure used to determine the …
Read More »Analysts hold workday stock rallies to record price targets on strengthening in the cloud
Workday Financial Management Desktop Product Work day Shares of Workday Inc. set new records on Friday after nearly three-quarters of analysts raised their price targets on the human resources cloud-software software company following earnings reports and outlook. WORKDAY WDAY, + 14.29% The stock rose more than 14 per cent to …
Read More »New Zealand stock exchange stops trading for 4th straight day after multiple cyber attacks
The New Zealand NZX exchange is targeting four days of DDoS attacks this week. Getty Images The New Zealand Stock Exchange stopped trading for a fourth day in a row on Friday due to multiple cyber attacks. “We are currently experiencing connectivity issues similar to those caused by severe offshore …
Read More »Bill.com hits on earnings, CEO predicts trends from home ‘stay here’
Bill.com Holdings Inc. Chief Executive René Lacerte is optimistic that the COVID-19 crisis will drive a longer-term shift to remote work that increases the demand for digital accounting tools. The company already saw signs of those trends in its recently ended fiscal fourth quarter, as it added 6,700 net new …
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