Year: 2020

(Bloomberg) — Elon Musk asked Twitter users whether Tesla Inc. should build a new factory in Texas, as the electric-car maker accelerates a global push to tap rising demand for its vehicles.The chief executive officer simply asked “Giga Texas?” and invited his 31 million followers to vote “Hell yeah” or “Nope.” As of just after midnight San Francisco time Wednesday, more than 125,000 people had voted, with about 80% responding yes.Shares of Tesla have more than doubled this year, giving it a market value greater than that of General Motors Co. and Volkswagen AG combined. In January, the company started …read more […]

As the earnings season gets on and companies start reporting their results from Q4 2019, Wall Street’s analysts are taking note and declaring the winners. It’s not hard to determine which stocks are getting the seal of approval – those companies forecasting or reporting strong earnings.We’ve used TipRanks’ Daily Stock Ratings tool to take a closer look at three companies which have just seen ratings upgrades from top analysts. An upgrade is an important signal for investors to note – it shows that the stock in question has deeply impressed the reviewing analyst.The three companies on this list are Buy-rated, …read more […]

(Bloomberg) — As equity investors who bet against Tesla Inc. lick their wounds, some corners of the debt market are taking a different view.A hedge fund in Denmark that delivered a 29% return last year has stocked up on credit-default swaps on the world’s second-biggest automaker, based on a bet that its bonds are just too expensive.“It’s mispriced,” Daniel Pedersen, the chief investment officer at Asgard Credit Fund, said by phone. “Tesla could be upgraded to BB- during 2020, but even in that scenario the credit spread is still too tight.”Tesla has riveted market watchers as its bold predictions tempted …read more […]

The warning comes on the heels of Stefan Bomhard’s appointment as the chief executive officer of the FTSE 100-listed group. Growth of Imperial’s “next generation” products has slowed and the vaping market in the United States has taken a turn for the worse after vaping-related deaths and rising popularity of e-cigarettes among teens led to intense regulatory crackdown. “Regulatory uncertainty and adverse news flow continues to affect demand in the U.S. and Europe,” Imperial Brands said. …read more […]

BEIJING/SHANGHAI, Feb 5 (Reuters) – A state-run Chinese research institute has applied for a patent on the use of Gilead Sciences’ experimental U.S. antiviral drug, which scientists think could provide treatment for the coronavirus that has killed hundreds and infected thousands. The Wuhan Institute of Virology of the China Academy of Sciences, based in the city where the outbreak is believed to have originated, said in a statement on Tuesday it applied to patent the use of Remdesivir, an antiviral drug developed by Gilead, to treat the virus. The Wuhan Institute of Virology did not respond to Reuters’ …read more […]