Reuters Tesla’s meteoric rise is set to continue as it capitalizes on robust growth from China, according to Wedbush. In a note published on Sunday, Wedbush said that in a bull scenario, Tesla could jump another 71% from current levels to $ 3,500. Pent-up demand for its cars in China, …
Read More »Dow jumps after Trump pushes plasma treatments
The U.S. Food and Drug Administration on Sunday issued an authorization for emergency use of convalescent plasma – blood plasma taken from coronavirus survivors – to treat the virus, saying the “known and potential benefits of the product outweigh the known and potential risks of the product. “ Also stimulating …
Read More »Warren Buffett’s Berkshire Hathaway made $ 87 billion on Apple – more than the entire tech titan market cap in 2009
REUTERS / Rick Wilking Warren Buffett’s Berkshire Hathaway has reported a $ 87 billion profit on its Apple investment, a larger sum than both companies were worth 20 years ago. Apple’s market capitalization was less than $ 87 billion in March 2009, while Berkshire’s market cap in October 2000 was …
Read More »Premarket equities: Deep dividends hit investors even as equities grow
Details, details: A new report by Janus Henderson published Monday found that global dividends fell by $ 108 billion to roughly $ 382 billion in the second quarter, the largest decline since the asset manager began tracking dividends in 2009. The total value of payouts was the lowest for the …
Read More »Xpeng Motors, an EV maker in China, plans to raise $ 1.1 billion in New York IPO
The company has offered an initial public offering and plans to sell 85 million US Depositary shares, each with two ordinary shares in Xpeng. It aims to price its share between $ 11 and $ 13 per share, according to a submission regulation submitted on Friday. At the upper end …
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