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TikTok Pushing Forward With Deal to Meet Looming Deadline

(Bloomberg) — TikTok is pressing forward with plans for a sale of its U.S. operations ahead of a mid-September deadline, according to a person familiar with the matter, even as signs emerge that the video-sharing app is facing pressure to shut down rather than make a deal.The app, owned by China’s ByteDance Ltd., is still considering bids from two possible buyers — Oracle Corp. and Microsoft Corp., which has teamed up with Walmart Inc. TikTok intends to bring a proposal to the White House for approval before a deadline imposed by U.S. President Donald Trump, said the person, who asked …read more […]

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Tesla Is a ‘Buy’ Ahead of the Upcoming Battery Day, Says Oppenheimer

Tesla (TSLA) stock has taken investors on quite the roller-coaster ride. It is now trading at $372.72 per share, down 25% this month, which in turn reflects a 13% rise from $330 per share just a few days prior. The tech rally’s poster boy was hit the hardest during the recent downturn, and its exclusion from the latest S&P 500 reshuffle has soured sentiment somewhat. However, Tesla has a big catalyst on the horizon, in the shape of the much-anticipated Battery Day, which will take place on September 22.Oppenheimer analyst Colin Rusch expects Musk and Co. to shine a light …read more […]

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UBS raises Peloton price target but remains neutral on the stock

UBS analysts led by Eric Sheridan raised their price target on shares of Peloton from $85 to $58, but kept their ‘neutral’ rating on the stock. The firm sees Peloton as a business “that is poised to con’t to capitalize on shifting consumer behavior toward more in-home and health safety workout regimes.” The Final Round panel discusses the call. …read more […]

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How to Invest in Google

Did you know Google now has over 85 billion world-wide searches each month?! With those numbers and the company’s continued success, it’s not surprising many are asking how to invest in Google.
Since the internet boom of the mid 1990s, web-based businesses have changed the world we live in. But even with thousands of new businesses popping up each day, Google remains the internet king.

In many ways, Google is the gatekeeper of the internet. Search engines have become the most common way we access information around the world and none have been more successful than Google. In fact, as of July …read more […]

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Preferred Stock: What Is It and How Do I Invest?

A preferred stock is a type of stock that combines certain features of common stock and certain features of debt. Like common stock, preferred stock can increase in value through capital appreciation over time. But, like debt, you can earn interest through fixed payments which helps you boost your income.
Let’s take a deeper look into what preferred stock actually is.

What Is Preferred Stock?
One of the most important differences between common stock and preferred stock is that shareholders of the latter have a higher claim to dividends or other distributions of assets. That means that before common shareholders receive dividends, preferred …read more […]

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VMware, Twitter Cut Pay for Remote Workers Fleeing Bay Area

(Bloomberg) — VMware Inc. employees who take up the company’s offer to become permanent remote workers will get a pay cut if they move from Silicon Valley, one of the nation’s most costly areas to live, to a less-expensive city.The software maker has joined technology companies such as Facebook Inc. and Twitter Inc. in letting some of its office staff choose to permanently work from home in the wake of the coronavirus pandemic. But employees who worked at VMware’s Palo Alto, California, headquarters and go to Denver, for example, must accept an 18% salary reduction, people familiar with the matter …read more […]

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Nikola Slumps After No-Details Denial of Short-Seller Report

(Bloomberg) — Nikola Corp. shares dropped as much as 18% after the company issued a blanket denial of allegations made in a short-seller report without offering any specifics to refute allegations it lied about its technology and staged events.The electric-truck startup said allegations made by Hindenburg Research are false but did not provide evidence to refute specific claims in the report. Chairman and founder Trevor Milton had vowed earlier Friday to issue a detailed rebuttal after “working through the night.”Nikola instead hired law firm Kirkland & Ellis to consider its legal options and said it plans to bring unspecified documentation …read more […]