Articles by admin

(Bloomberg) — Tesla Inc.’s parabolic surge above $900 a share on Tuesday drew New Street Research analysts to downgrade the stock to neutral from buy in the midst of a 2020 rally.The group of analysts led by Pierre Ferragu think the stock is “still attractively valued for the long run” with shares priced in the middle of the range for the group’s 2025 expectations. New Street highlighted “limited sources of further” stock appreciation over the next year as the driver for the downgrade.Tesla surged as much as 16% in pre-market trading, briefly topping $900 per share, and setting the stock …read more […]

Investors have made higher returns a key priority, pressing oil and gas drillers to boost buybacks and dividends instead of growing production at a time when commodity pricing remains volatile. ConocoPhillips said in November it would boost its oil and gas production by about 3% per year, restrain annual spending to about $7 billion and return $50 billion to shareholders over the next decade. On a per share basis, it earned 76 cents, while analysts had expected a profit of 80 cents, according to IBES data from Refinitiv. …read more […]

Headlines moving the stock market in real time. …read more […]

At least half a dozen Venezuelan banks have begun storing in vaults millions of dollars and euros accumulated in cash by businesses during an unexpected economic liberalization by President Nicolas Maduro, according to sources. Some $1.8 billion worth has entered Venezuela in the last year, according to three senior banking sources, as Maduro quietly dismantles 16 years of socialist regulations to salve the economy in the face of U.S. sanctions and hyperinflation. The cash comes mainly from remittances – often on trucks – by the millions of Venezuelans who have left in recent years, and from the OPEC …read more […]

Delta Air Lines, Inc. (NYSE:DAL) saw significant share price movement during recent months on the NYSE, rising to… …read more […]