Articles by admin

(Bloomberg) — Tesla Inc.’s most bullish Wall Street analyst predicts the dizzying rally in the shares of the electric-car maker will accelerate this year and trade in the $640-to-$960 range in early 2021.New Street Research analyst Pierre Ferragu anticipates the company will sell 2 million to 3 million cars per year after 2025 at industry-leading margins, justifying a market capitalization of $230 billion to $350 billion, or about $1,100 to $1,700 per share.“The stock will remain volatile, as the spread between bull and bear cases remains wide,” said Ferragu, who boosted his price target to a Street high. “And God …read more […]

Yahoo Finance’s Brian Sozzi and Julia La Roche speak with Chairman and Senior Partner of PwC Tim Ryan live at the World Economic Forum in Davos, Switzerland. …read more […]

Greenpeace is calling out one of the biggest names in banking, JPMorgan Chase CEO Jamie Dimon, saying he “doesn’t understand the risk” of climate change. Yahoo Finance’s Julia La Roche and Brian Sozzi talk to Greenpeace International Executive Director Jennifer Morgan from the World Economic Forum in Davos, Switzerland. …read more […]

Yahoo Finance’s Brian Sozzi and Julia La Roche speak with Executive Vice President and General Counsel of the Marsh and McLennan companies Peter Beshar live at the World Economic Forum in Davos, Switzerland. …read more […]

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

(Bloomberg) — McDermott International Inc. will file for bankruptcy after the engineering and construction company reached an agreement with creditors to tackle debt acquired through a botched acquisition.The Houston-based company said that it has the support of two-thirds of the holders of its funded debt in a pact that will eliminate more than $4.6 billion of debt by swapping it for equity, according to a statement. McDermott also agreed to sell its Lummus Technology unit for at least $2.725 billion to a joint partnership between the Chatterjee Group and Rhône Group, it said. The company plans to file for Chapter …read more […]

U.S. stock index futures followed Asian and European markets lower on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF looked set to stall a record rally on Wall Street. Travel stocks including Delta Air Lines Inc, United Airlines Holdings Inc and American Airlines Group Inc fell over 2% in premarket trading. Hotel and casino operators Las Vegas Sands Corp and Wynn Resorts Ltd, both of which have large operations in China, dropped about 5%. …read more […]

Long term investing is the way to go, but that doesn’t mean you should hold every stock forever. We don’t wish… …read more […]

President Donald J. Trump is addressing the World Economic Forum in Davos, Switzerland on Tuesday, as the U.S. Senate begins its historic impeachment trial of the 45th president. …read more […]