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Musk suggests Tesla has 200,000 orders for Cybertruck

In an earlier tweet, Musk said the company had received 146,000 orders for Cybertruck, and tweeted again on Sunday saying “200K” – an apparent reference to the number of orders. During the launch, Musk had taken aim at the design, power and durability of mainstream trucks, only to be shaken when his boast about his new vehicle’s windows backfired. Separately, Musk said the Cybertruck is Tesla’s last product unveil for a while. …read more […]

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UPDATE 1-Musk suggests Tesla has 200,000 orders for Cybertruck

Tesla Inc Chief Executive Officer Elon Musk indicated in a tweet on Sunday that the electric carmaker received 200,000 orders for its electric pickup truck within three days of its launch. In an earlier tweet, Musk said the company had received 146,000 orders for Cybertruck, and tweeted again on Sunday saying “200K” – an apparent reference to the number of orders. During the launch, Musk had taken aim at the design, power and durability of mainstream trucks, only to be shaken when his boast about his new vehicle’s windows backfired. …read more […]

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Amazon Teams Up With China Upstart for Black Friday Sale

(Bloomberg) — Amazon.com Inc. is counting on a smartphone app known for cheap deals to lure Chinese consumers during the Black Friday online spree, in a partnership that extends to the end of the year.The U.S. e-commerce giant’s cross-border unit has just opened a storefront on Pinduoduo Inc., China’s No. 3 online retailer after Alibaba Group Holding Ltd. and JD.com Inc.Starting from Nov. 28, the three-day sales campaign will offer Chinese consumers a range of overseas products from Australian baby formula to luxury watches and Nintendo Switch consoles. Pre-sales for some brands are already underway for the U.S.-inspired annual shopping …read more […]

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'A free pass to paedophiles': Australian lawmaker slams Westpac

Dutton is the third senior elected official to go on the offensive against the country’s No. 2 retail bank after the financial crime watchdog accused Westpac of allowing payments between known child exploiters among 23 million transactions that violated anti-money laundering protocols. After the financial crime agency AUSTRAC made the allegations in a lawsuit against Westpac last week, Prime Minister Scott Morrison has called on the bank’s board to consider the CEO’s future, while Attorney General Christian Porter described the alleged breaches “off the charts”. …read more […]

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China Plans Record Sale of Dollar Bonds With Possible $6 Billion Offering

(Bloomberg) — China is planning a record sale of sovereign bonds in dollars, with a potential $6 billion offering, according to people familiar with the discussions.The Ministry of Finance is considering tenors of three years, five years, 10 years and 20 years, according to the people, who asked not to be named as the talks aren’t public. The ministry didn’t immediately respond to a request for comment.This marks the third straight year for China to issue dollar debt, and underscores the nation’s continued interest in building out an offshore market where its companies and local authorities can tap funding. The …read more […]

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Here is the 19th Most Popular Stock Among 752 Hedge Funds

After several tireless days we have finished crunching the numbers from 752 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of September 30th. The results of that effort will be put on display in this article, as we share […] …read more […]

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Here is the 17th Most Popular Stock Among 752 Hedge Funds

The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […] …read more […]

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Hedge Funds Snapped Up UnitedHealth Group (UNH) Right Before The Rally

Is UnitedHealth Group Inc. (NYSE:UNH) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds […] …read more […]

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Here is the 22nd Most Popular Stock Among 752 Hedge Funds

The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […] …read more […]