You don’t see this very often. Leo KoGuan, who according to Bloomberg is the third-largest individual shareholder at Tesla TSLA, -3.38%, on Wednesday was publicly lobbying the company over Twitter on what guidance it should provide. KoGuan, the Singapore-based billionaire founder of software maker SHI International, tweeted to CEO Elon Musk to guide to 1.6
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Elon Musk is no ordinary CEO. The man has become the richest person in the world thanks to the explosive gains in Tesla (NASDAQ:TSLA) stock, but he also mans the helm of SpaceX. Then there’s The Boring Company and Neuralink as well. He talks of cryptocurrencies, colonizing Mars, autonomous driving technology and pretty much whatever
The COVID-19 pandemic ushered in a greater reliance on disposable goods from plastic utensils to clamshell take-out containers, hospital face shields and the life-saving masks deemed crucial by health professionals in slowing the spread of the virus. Now, President Joe Biden is expected to make 400 million N95 masks available for free at U.S. pharmacies and community
Well, the stock market sure woke up on the wrong side of the bed this morning! Source: ventdusud / Shutterstock.com After a long holiday weekend, investors were greeted with a more than 1% drop in the major indices. The NASDAQ was hit particularly hard, down as much as 2% earlier in the trading day. The
Dear Quentin, My divorce decree states that I have exclusive possession of the marital residence. The deed has my ex-husband’s name, and my name as his wife. I approached my ex-husband to sell the house. He has been absent, without any knowledge of his whereabouts for several decades. He has had no contact with my
As I recently pointed out, Digital World Acquisition Corp. (NASDAQ:DWAC) has yet to file an U.S. Securities and Exchange Commission (SEC) form S-4. However, the company has recently announced the outlines of its operations through various public announcements. I suspect that DWAC stock is probably at full value now. Source: Dmitry Demidovich/ShutterStock.com We now know more
While the narrative around inflation and interest rates has come with a heavy dose of doom for tech and growth, Microsoft put its chips on the table — $68 billion worth — to acquire Activision. The proposed deal would bolster Microsoft’s MSFT, -2.47% prospects in videogames, which has been a focus. The software and cloud
Among early stage electric vehicle (EV) stocks, Rivian Automotive (NASDAQ:RIVN) is one that’s been placed in the winner’s circle even though it has yet to cross the finish line. And while RIVN stock may be down big from its all-time high, hit right after its IPO, shares sport a “priced for perfection” valuation. Source: Michael Vi /
A second booster of COVID-19 vaccines from Pfizer and Moderna failed to prevent infections of the omicron variant, according to a preliminary study by a hospital in Israel. The vaccines lifted antibodies “even a little bit higher than what we had after the third dose,” said Gili Regev-Yochay, director of the Infectious Diseases Unit, at
Peloton (NASDAQ:PTON) stock is having a 2022 to forget. How bad has it been so far? Source: JHVEPhoto / Shutterstock.com You know things are bad when the best thing that’s happened to the company is that its signature exercise bike was blamed for the death of a key character in HBO’s new Sex in the
Bond yields are rising again so far in 2022. The U.S. stock market seems vulnerable to a bona fide correction. But what can you really tell from a mere two weeks into a new year? Not much and quite a lot. One thing feels assured: the days of making easy money are over in the
Electric vehicles are likely to remain a key investment theme through 2022. However, as competition in the industry intensifies, investors need to be increasingly selective in choosing EV stocks. Lucid Group (NASDAQ:LCID) stock is one stock that deserves a place in the portfolio. The LCID stock price is up 8.83% so far in 2022. Source:
Billionaire hedge-fund manager Bill Ackman said the Federal Reserve needs to deliver old-fashioned “shock and awe” to financial markets by delivering a much larger onetime increase to benchmark interest rates to combat inflation. “The @federalreserve could work to restore its credibility with an initial 50 bps surprise move to shock and awe the market, which
For the past two months, Palantir Technologies (NYSE:PLTR) has been in sell-off mode. Due to disappointing earnings, plus the cycling out of tech growth stocks ahead of planned rate hikes, PLTR stock has dropped from around $26.75 per share to around $16.75 per share. Source: Ascannio / Shutterstock.com Bouncing back in recent days, after falling down to
Insatiable demand for goods by American consumers heading into the third year of the COVID-19 pandemic is leading to a scenario in which supply-chain bottlenecks may “never” let up, absent major infrastructure improvements at the U.S.’s two busiest ports, based on an analysis by RBC Capital Markets. In a report released Thursday, Michael Tran, RBC’s
Fourth quarter earnings season is underway and expectations are running high. Data from FactSet shows that companies listed on the S&P 500 index are forecast to generate an average 21.7% year-over-year increase in earnings per share for the fourth quarter of 2021. If accurate, the growth would represent the fourth consecutive quarter where corporate earnings
Investing is all about being in tune with the trends. Here’s one to be aware of for 2022: Value stocks will most likely beat their growth counterparts. The trend is already under way. Consider: * The Vanguard S&P 500 Growth Index exchange traded fund VOOG, +0.29% is down 5.6% year to date, while the Vanguard
Chinese automaker Nio (NYSE:NIO) has several strengths, including its innovative battery-exchange program, significant sales growth and its pending expansion into multiple overseas markets. Yet, NIO stock is down 50% in the past year. Source: Andy Feng / Shutterstock.com Maybe that’s because in the past several months, the company’s sales growth and financial results haven’t been
Get ready for debt-limit drama and moves to impeach President Joe Biden if Republicans rout Democrats in November’s midterm elections. With Democrats facing what one analyst calls an “incredibly hostile environment for the midterms,” observers see Republicans as a clear favorite to win the House of Representatives and in a good position to capture the
Investors surely had dreams of Virgin Galactic (NYSE:SPCE) stock going “to the moon” after Sir Richard Branson’s historic space flight last summer. They’ve been sorely disappointed. SPCE stock is down 80% since Branson became the first of the billionaire space company founders to take his own craft to outer space. Source: Christopher Penler / Shutterstock.com