Year: 2020

(Bloomberg) — If the incredible rally in Tesla Inc. shares this year is making you dizzy, hold on to your chair.Tesla has a slew of catalysts coming up in the next few months that could give investors a reason to pause, or propel the stock even higher. It all depends on how the company does in its tests ahead.Tesla shares surged as much as 24% Tuesday before a sudden plunge in the last few minutes of trading shaved more than $100 from the stock price in just 6 minutes. The gain stabilized at 14% as the market closed, bringing Tesla’s …read more […]

Revenue, which the company generates from selling advertising on Snapchat, rose 44% to $560.88 million, but missed the average analyst estimate of $563.03 million. The app faces tough competition from Alphabet Inc’s Google and Facebook , which command a huge portion of the digital advertising market. Snapchat has only 0.5% of worldwide digital ad revenue, while Facebook accounts for 21.1%, according to a report by market researcher eMarketer. …read more […]

Disney had reported 10 million sign-ups for the $7-a-month Disney+ one day after its launch in November, in a strong streaming debut that was further boosted by the success of Star Wars prequel “The Mandalorian”. In October, the largest U.S. wireless carrier by subscribers said it would offer a year-long subscription to Disney+ with its unlimited plans. …read more […]

Snapchat parent company Snap announced its Q4 2019 earnings, missing on revenue expectations. …read more […]

Chipotle crushed estimates on the top and bottom lines, and shares initially fell before paring losses in after-hours trading. …read more […]

Ford Motor Co on Tuesday posted a fourth-quarter loss and provided a weaker-than-expected 2020 forecast due to continued higher warranty costs, lower vehicle volumes, lower results from Ford Credit and higher investment in future transportation. For the fourth quarter of 2019, Ford reported a net loss of $1.7 billion, or 42 cents a share, compared with a loss of $100 million, or 3 cents a share, a year earlier. Excluding one-time charges, Ford earned 12 cents a share, three cents below what analysts had expected. …read more […]

Ford’s fourth quarter earnings are underwhelming. Here’s what Ford CFO Tim Stone told Yahoo Finance. …read more […]

(Bloomberg) — As computer screens flash red for energy markets from Houston to Singapore, oil traders are urgently asking themselves one question: is a historic crash about to repeat itself?The meltdown caused by the Chinese coronavirus outbreak is increasingly reminiscent of a plunge that happened just over a year ago. In October 2018, a sell-off across commodity markets left Wall Street banks racing to cover insurance policies, such as options contracts, that they had written to oil producers, sparking a new wave of selling that ultimately caused prices to tumble by more than 40% over two months to $49.93 a …read more […]

(Bloomberg) — Bombardier Inc. jumped on a Wall Street Journal report that the Canadian maker of planes and trains is in talks to sell its private-jet unit to Textron Inc. Shares of Textron also surged as analysts said a deal would strengthen its hand in the luxury-aircraft business.The negotiations have been going on for several weeks, and the terms of the potential transaction are unclear, the Journal reported Tuesday, citing people familiar with the matter. There’s no guarantee that the discussions will result in any agreement, the newspaper said. Bombardier declined to comment. Textron didn’t immediately respond to a request …read more […]