A consortium led by U.S. entertainment giant MGM Resorts International has been named as the lead bidder for an integrated casino complex in Osaka, the local government said on Friday.
Brokerage Cowen & Company was the most bullish, raising its target by $85 to $325, higher than Wall Street’s median price target of $285.15 and Friday’s pre-market price of around $287. Analysts at Susquehanna said while they had expected the company to beat market consensus expectations thanks to the data center demand, they had never expected this kind of upside. “Nvidia’s dream-a-dream AI story is solidly back on track,” analysts from the brokerage said in a note to clients. …read more […]
Elon Musk is disrupting the market with innovative ideas. His company Tesla has long been thought of as the future of cars, leading the world to clean energy vehicles. But that’s not the only world-changing idea he’s created a company around. In 2002, Musk founded SpaceX. The company designs, manufactures and launches rockets and spacecrafts. But the big question isn’t if there will be a SpaceX IPO. It’s if investors can expect a Starlink IPO.
SpaceX IPO: What is Starlink?
Starlink is a project constructed by SpaceX. It’s a satellite constellation that will provide internet access. The goal is to “deploy the …read more […]
Huawei’s cyber security chief said on Friday that he was not aware of any mobile operator ever having given the Chinese company access to the equipment used to intercept calls when required to do so by security services.
Stock markets across the world ticked higher on Friday, as investors bet that the damage to the global economy from China’s coronavirus outbreak would not be long-lasting.
Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it’s the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world. …read more […]
France’s Total is considering stopping sales of fuel oil to power markets as the energy giant seeks to reduce its carbon footprint and grow its renewable power business, its chief executive told Reuters.
U.S. stock index futures rose on Friday, lifted by a handful of positive earnings reports, while investors kept a close watch on retail sales data and assessed the economic fallout of the coronavirus outbreak.
SmileDirectClub returns fire to NBC News. …read more […]
Tesco , Britain’s biggest retailer, unlawfully stopped major supermarket rivals from opening shops near its stores, the country’s competition regulator said on Friday.
(Bloomberg) — Canopy Growth Corp. jumped 20% in pre-market trading after the world’s largest cannabis company by market value reported quarterly results that beat expectations across the board.Canopy reported a 62% quarter-over-quarter jump in net revenue to C$123.8 million, which was well ahead of the consensus estimate of C$105.4 million. Cannabis gross revenue rose 8%, and Canopy said it took top market share in the quarter ended Dec. 31, capturing 22% of Canada’s recreational pot sales.Its adjusted Ebitda loss of C$91.7 million was C$64 million narrower than the previous quarter, and beat the average analyst estimate of a C$110 million …read more […]
Google on Friday called on Europe’s second-top court to throw out what it called an eye-catching 2.4 billion euros ($2.6 billion) EU antitrust fine, saying there was no factual or legal basis to the inflated amount.
Delta Air Lines Inc said on Friday it will invest $1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a commitment of that scale.
The United States is looking to develop a partnership with the telecoms industry to provide alternatives to China’s Huawei Technologies, a senior White House official said on Friday.
Renault’s first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it.
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