Text size Courtesy of Nikola. Batman versus Superman. Yankees vs. Red Sox. Nikola Tesla against Thomas Edison. These are some of the greatest rivalries of all time. There’s another rivalry in the burgeoning electric truck sector: Nikola versus Tesla. Tesla (ticker: TSLA) is now the most valuable automotive company in …
Read More »Dow slips on Friday, Nasdaq posts consecutive declines amid mounting tensions between China and the United States and languishing fiscal stimulus
US stocks closed lower on Friday as the tech-laden Nasdaq Composite registered its first consecutive drop since mid-May, while investors worried about rising Sino-American tensions and lack of progress in another. fiscal stimulus bill in Washington. The increase in coronavirus cases in 40 US states is also limiting consumer and …
Read More »Global stocks sink as China retaliates to close consulate
Text size Chinese Foreign Ministry spokesman Wang Wenbin talks about the order to close the United States consulate in Chengdu. fake pictures Global stocks fell on Friday as political events swept away a wave of negativity in the markets. The Dow Jones Industrial Average fell 126 points, or 0.5%. The …
Read More »Honeywell Beat Earnings. What their numbers mean for the industrial economy.
Text size Brendan Smialowski / AFP via Getty Images Honeywell’s earnings, reported Friday morning, beat Wall Street estimates for the pandemic-hit second quarter. That’s good news for Honeywell, but the company is a huge and distant industrial conglomerate. Your earnings are a useful read for many companies in many industries. …
Read More »Tesla’s second-quarter earnings rated it for inclusion in the S&P 500 Index. Here’s what has to happen next for it to add. (TSLA)
Tesla is now eligible to be considered for inclusion in the popular S&P 500 index after its successful earnings results. On Wednesday, Tesla reported its fourth consecutive quarterly profit, the final milestone it needed to reach for consideration in the index. Here’s what happens next, according to the S&P D&Jones. …
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