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This basket consists of stocks expected to benefit from self-driving cars.
Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area. The U.S. carmaker announced plans last November to build its first European car factory in Gruenheide, in the eastern state of Brandenburg. Politicians, unions and industry groups have welcomed the move, saying it will bring jobs to the region, but environmental concerns drove hundreds of locals to the streets on Saturday.
Shares of Google parent Alphabet Inc. (GOOGL) have jumped 9% in 2020 to help it ascend into the $1 trillion market cap club. Is it time to buy?
Wall Street capped a milestone-setting week Friday with a few more as modest gains nudged the major stock indexes to all-time highs. Technology stocks powered much of the market's broad gains, along with communication services companies and banks. Energy sector stocks were the only decliners.
The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate and recall 500,000 Tesla Inc vehicles over sudden unintended acceleration reports. The petition covers 2012 through 2019 model year Tesla Model S, 2016 through 2019 Tesla Model X, and 2018 through 2019 Tesla Model 3 vehicles, the agency said.
In April 2019, Tile.com, which helps users find lost or misplaced items, suddenly found itself competing with Apple Inc , after years of enjoying a mutually beneficial relationship with the iPhone maker. Apple carried Tile on its app store and had sold its products at its stores since 2015. It had even showcased Tile's technology at a big event in 2018.
Facebook's $22 billion buyout of WhatsApp six years ago should have been blocked, the boss of France's antitrust watchdog, which is set to help review EU rules, has told Reuters. "Clearly, deals such as the Facebook/WhatsApp merger should probably not have been allowed," Isabelle de Silva said in an interview. A spokesman for Facebook had no immediate comment.
If Tesla has finally put worries about operational chaos and financial instability behind it, how high might its share price fly? The sharp rally has left most Wall Street analysts struggling to justify their much lower share price forecasts — while giving the Tesla bulls new confidence to predict that the stock will move even higher. In the middle of 2018, Pierre Ferragu, an analyst at New Street Research, came up with the Street’s most ambitious forecast at $530 a share.
The drinks are still flowing at Le Bernardin and The Grill in Manhattan, but the bankers spending lavishly there may soon notice that their wallets are not being refilled as rapidly as their glasses. Bonus pools are expected to be lower at some of Wall Street’s top banks after merger and acquisition advisory fees dropped $558m last year, several top dealmakers tell DD.
Google's parent company Alphabet saw its value reach $1 trillion for the first time Thursday, becoming the fourth US tech company to hit the milestone. Google is the leading online search engine and produced the popular Android mobile operating system. Alphabet, formed as a holding company in 2015, has a number of other units working on "moonshot" projects including Waymo on autonomous cars and Verily for life sciences.
Alphabet this afternoon became the fourth tech giant to join the highly exclusive trillion-dollar club, one whose original member, Apple, saw its market cap soar past $1 trillion for the first time in August 2018 and which has since welcomed -- and pushed back out -- Amazon, which passed the $1 trillion mark in September 2018 but is now valued at $931 billion; and Microsoft, a charter member since August 2019 and now worth $1.27 trillion. Saudi Aramco, the petroleum and natural gas company that went public last month, also now has a market value of $1.19 trillion. For one thing, investors seem to like that much of Pichai's compensation is tied to the company's performance.
As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion (£765 billion), some funds holding its shares are wondering whether now is the time to cash in on the stock's extraordinary gains. Short interest in the stock, a measure of how many investors are betting on a price decline, is at 1%, near a 52-week high for the company and higher than competitors such as Microsoft and Facebook , according to Refinitv data. Alphabet joins Apple , Amazon.com and Microsoft as the only U.S. companies to hit $1 trillion in market value.
Tesla stock is on fire. But if you’re a passive index investor or limited to basic funds in your 401k, you likely have zero exposure to Tesla.
Here is a small but useful new feature in Google Chrome: global media controls that allow you to control from a single widget all of the audio and video sources in your current tabs. With this, you can switch to the next song from your favorite web-based music streaming service, start and stop a YouTube video that's playing in the background or switch back and forth between what's playing in multiple tabs without having to hunt around your browser for the right tab. Google started these media controls last year when it enabled it for Chromebook users, but it's now live in the stable channel for all Chrome users across desktop platforms.
While General Motors (GM) plans to revive Hummer brand as an electric pickup, Ford's (F) China sales dip for the third straight year in 2019.
Investors need to pay close attention to Delphi Technologies (DLPH) stock based on the movements in the options market lately.
A couple of years ago, I got lost in rural New South Wales because there was no phone coverage, which meant Google Maps wouldn’t work. Chris Palengat, an advertising veteran for Mars and Cadbury Schweppes among others, offered me his theory at his new non-advertising company, Freemavens, in London’s Soho.
A glossy spread of technology facts, predictions and trends on subjects such as crypto, the marketing material presentation outlines where ARK is looking to invest its $11.1bn in assets over the next decade. This tallies with a report from Reuters this morning that Tesla, by far the biggest player in the market, experienced a 46.5 per cent drop in Californian sales in the fourth quarter, following a 39 per cent drop in US sales in the third.
Google's parent company Alphabet has become the latest high tech company to join the rarified $1 trillion stock market club. Alphabet Thursday joined Apple, Amazon, and Microsoft as the only U.S. companies to ever be awarded such a lofty market valuation by investors. The stock has been on a tear - up nearly 16 percent in just the past three months - outpacing the broader S&P 500 index. Despite constant threats of a regulatory crackdown by Washington and the European Union - some investors just can't get enough of the world's leading online advertising platform. Annual sales are expected to hit nearly $163 billion for fiscal year 2019, according to Refinitiv, a double-digit surge from fiscal year 2018. Enamored by that kind of sales growth - Alphabet is just one of a small group of stocks found in the top holdings of both mutual funds and hedge funds - two types of large investors who hold different investment styles. But others on Wall Street may be itching to hit the sell button. Those shorting the stock, or betting the stock will fall, is near a 52-week high, on that basis, concerns about the stock are more intense than those of peers such as Microsoft and Facebook. Besides a worry that Alphabet and the handful of tech stocks that have driven the market to record highs are too pricey...some Alphabet investors worry the search giant and parent of YouTube will have no choice but to spend more money in order to pre-empt any new regulations from Washington. Higher spending equals less profit down the line. And there's one more concern. Some investors worry that Alphabet may follow Amazon.com, which hit a $1 trillion market cap and then tumbled. Investors will get a financial update from Alphabet when it releases fourth quarter and full year results on February 3.
Tesla's investment in China is shifting up another gear The American electric car maker plans to open a design and research center in the country to make what it calls "Chinese-style" vehicles. The news was posted on Tesla's official WeChat account, to recruit designers, as well as other roles. It said, CEO Elon Musk wants to achieve a shift from 'Made in China' to 'Designed in China' The deadline is listed as February 1st, but the advert doesn't reveal the center's location. Tesla's first factory outside the U.S. is in the eastern city of Shanghai and it started delivering China-made Model 3 vehicles this month. Last week, Musk launched a Model Y electric SUV program at the $2 billion factory, with an on-stage dance that somewhat caused something of an online storm. The same week, Tesla's stock market value hit nearly $89 billion eclipsing General Motors and Ford's combined values for the first time. The stock move was fueled by a surprise third-quarter profit, progress at the new China factory and better-than-expected fourth-quarter deliveries.