Business News
Tesla seeks to raise $2 billion through stock offering
Tesla Inc said on Thursday it plans to raise $2 billion by selling shares through a public offering.
Month: February 2020
Trading Ideas
Imagine Holding Ballard Power Systems (TSE:BLDP) Shares While The Price Zoomed 462% Higher
We think that it’s fair to say that the possibility of finding fantastic multi-year winners is what motivates many… …read more […]
Business News
Apple to reopen some stores in Beijing on February 14: website
Apple will reopen some stores in Beijing on Feb. 14 with reduced operating hours, it said on its website, while many of its other stores in mainland China will remain shut as the country continues to battle a coronavirus outbreak.
Trading Ideas
Alibaba beats estimates on record Singles' Day sales
Alibaba primarily generates revenue by selling advertising and promotional services to third-party merchants that list products on its e-commerce sites, Taobao and Tmall. Alibaba affiliate Ant Financial’s MYBank unit has said it would offer 20 billion yuan ($2.86 billion) in loans to companies in China in the wake of the outbreak. Sales in the company’s core commerce business jumped 38% to 141.48 billion yuan ($20.26 billion) in the third quarter ended Dec. 31, while revenue at its cloud computing unit surged 62% to 10.72 billion yuan. …read more […]
Trading Ideas
Tesla Plans $2 Billion Offering as Elon Musk Seizes on Stock Surge
(Bloomberg) — Tesla Inc. plans to offer about $2 billion of common stock as Elon Musk takes advantage of the electric-car maker’s surging shares.Assuming underwriters exercise their option to purchase additional securities, the offering could bring in about $2.3 billion in proceeds, Tesla said in a statement. Less than an hour earlier, the company forecast as much as $3.5 billion in capital expenditures this year, as Musk rushes to bring new models to market, ramp up its first overseas assembly plant and start building another.Tesla shares fell as much as 7.2% after announcing the offering and traded down 4.5% to …read more […]
Trading Ideas
Stock market news live: Stock futures tumble as coronavirus fears reignite
Headlines moving the stock market in real time. …read more […]
Trading Ideas
Key Things To Consider Before Buying The Walt Disney Company (NYSE:DIS) For Its Dividend
Is The Walt Disney Company (NYSE:DIS) a good dividend stock? How can we tell? Dividend paying companies with growing… …read more […]
Trading Ideas
Kraft Heinz beats earnings expectations amid big turnaround push
Kraft Heinz reported earnings that beat Wall Street expectations, while revenue fell short during its fourth quarter. …read more […]
Business News
Alibaba beats estimates on record Singles’ Day sales
China’s Alibaba Group Holding Ltd beat analysts’ estimates for quarterly results on Thursday, driven by record sales during its annual Singles’ Day shopping blitz and demand for its cloud computing business.
Business News
Southwest extends 737 MAX flights cancellations through early August
Southwest Airlines on Thursday extended cancellations of 737 MAX flights through early August as the grounding of the Boeing Co jet drags on, potentially affecting the carrier’s profits during the upcoming U.S. summer travel season.
Business News
AIG profit beats on stronger underwriting in general insurance unit
Insurer American International Group Inc on Thursday reported a quarterly profit that beat estimates, as the company booked an underwriting income in its general insurance business.
Business News
Airbus, Quebec to buy out Bombardier’s A220 stake
Airbus has teamed up with the Quebec government to buy Bombardier’s 33.5% stake in the A220 passenger jet program, completing the Canadian firm’s exit from civil aviation and boosting Airbus’s position in a new battleground with Boeing.
Business News
Nestle boss Schneider eyes more deals to bolster growth ambitions
Nestle Chief Executive Mark Schneider will fine-tune his transformation plans with more acquisitions, he said after the Swiss food group lowered growth expectations on Thursday.
Business News
Alibaba beats quarterly revenue estimates
China’s Alibaba Group Holding Ltd reported a better-than-expected quarterly revenue on Thursday, as its core e-commerce and cloud computing businesses posted steady growth.
Business News
AIG posts profit on stronger underwriting in general insurance unit
Insurer American International Group Inc on Thursday reported a quarterly profit compared to a year-earlier loss, helped by smaller catastrophe losses and improved underwriting in its general insurance business.