Tag: markets
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Churchill Capital Corp IV extends 2-day surge to over 50% on news of plans to take Lucid Motors public via SPAC
Electric vehicle charging. Jackyenjoyphotography/Getty Images Stocks of Churchill Capital Corp.. IV are around 50 percent in a post-apocalyptic series to start the week. News of the SPAC possibly taking EV business Lucid Motors public is pushing the share price greater. The fourth of seven’blank-check’ businesses worked by Michael Klein, Churchill Capital Corp.. IV’s plan for…
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Tesla rises 8% as breakneck rally enters 11th day and leaves famous investors split
Tesla CEO Elon Musk. Susan Walsh/Associated Press Tesla climbed as much as 8.4% on Friday, marking the 11th straight day of gains as the automaker’s massive rally continues into the new year.The gains followed a similarly large jump on Thursday that established CEO Elon Musk as the world’s wealthiest person and boosted the company’s market…
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Wall Street analysts loved test driving the new Mustang Mach-E – and say it could be bad news for Tesla investors
Ford reveals its first mass-market electric car the Mustang Mach-E, which is an all-electric vehicle that bears the name of the company's iconic muscle car at a ceremony in Hawthorne, California on November 17, 2019. This is Ford's first serious attempt at making a long-range EV and will be the flagship of a new lineup…
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‘Shark Tank’ star Kevin O’Leary discussed the value of investing, shorting Yahoo, and post-pandemic retail in a recent interview. Here are the 16 best quotes.
Mike Blake/Reuters The”Shark Tank” celebrity Kevin O’Leary highlighted the worth of investment, talked regarding shorting Yahoo, and predicted the pandemic would change retail eternally to the”Industry Focus” podcast.O’Leary also discussed the risks of venture investing, the dearth of financial literacy in the US, and how Warren Buffett’s business partner Charlie Munger had shaped his investing…
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Tesla short-sellers lost $38 billion throughout the automaker’s colossal 2020 rally
Elon Musk. Maja Hitij/Getty Images Tesla short-sellers saw $38 billion in mark-to-market losses throughout 2020, Bloomberg reported Thursday, citing S3 Partners data. Short interest in the company’s shares plunged to less than 6% of Tesla’s float from nearly 20% at the start of last year. The losses trounce the $2.9 billion total seen in 2019…
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Car-rental app Turo aims to list shares publicly in 2021, report says
Turo Car-rental startup Turo aims to list its shares publicly in 2021 after a strong end to 2020, the company’s CEO told The Wall Street Journal in a report published Friday. Turo allows people to offer their private vehicles for rental, a car-sharing alternative to industry giants such as Hertz or Avis. CEO Andre Haddad…
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Peloton is one of six companies set to be added to soaring Nasdaq 100 index in annual shake up
Scott Heins/Getty Images A 312% year-to-date rally in Peloton has helped the connected fitness equipment maker join the ranks of its large-cap tech peers: inclusion in the Nasdaq 100 index.In its annual year-end shake up, Nasdaq announced it would boot six companies from the index, replacing them with Peloton and 5 others.Peloton is one of…
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Recent IPO frenzy is ‘unsustainable’ and could end in ‘many accidents,’ CEO of world’s largest asset manager says
FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, stands at the Bloomberg Global Business forum in New York Reuters The recent frenzy for IPOs is “unsustainable” and could end in “many accidents,” BlackRock’s CEO Larry Fink said at a fintech conference, according to Bloomberg.The comments from Fink come days after the impressive public trading…
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US stocks dip as stimulus talks slow ahead of funding deadline
Getty Images / Bryan R. Smith US stocks declined on Friday as stimulation talks slowed before a government financing deadline.Democrats and Republicans stayed gridlocked on dueling stimulation tips, with main sticking points including liability protections for businesses and an extension of federal unemployment benefits.A financing bill must be passed until midnight to avoid a government…
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US stocks edge towards new records after jobless claims fall more than expected
Getty Images / Xinhua News Agency US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labor-market improvement.New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000.The mild uptick puts the S&P 500 at the brink…