A deepening trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped lift major U.S. indexes into positive territory.
Tesla Inc shares soared as much as 15 percent on Thursday, a day after the electric car maker reported surprisingly strong earnings, and financial analytics firm S3 Partners said short-sellers were slammed with more than $1.1 billion in paper losses on the day.
The S&P 500 and Nasdaq rose in afternoon trading on Thursday, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars.
China vowed on Thursday to retaliate if the United States acted on a threat to raise tariffs on the Asian nation’s exports, fueling fears in financial markets that the trade war between the world’s two biggest economies would escalate.
A deepening trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above $1 trillion, the most for a U.S.-listed company, and helped lift some U.S. indexes.
Musk in a conference call on Wednesday, addressing the company’s largest quarterly loss to date, said the electric car maker would not need to raise more cash and that capital expenses would be slightly below $2.5 billion in 2018, lower than most analysts’ estimates. Previously, he insulted some analysts – turning off investors and shareholders, and knocking $2 billion off the company’s market cap. …read more […]
Apple Inc became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications.
Blue Apron shares are sinking after reporting its number of customers declined 24% from a year earlier as competition climbs. Yahoo Finance’s Seana Smith, Dan Roberts, Ethan Wolff-Mann and Julia La Roche discuss. …read more […]
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Allergan Plc on Thursday sued Pfizer Inc to force its larger rival to cover any damages Allergan is forced to pay as a result of hundreds of lawsuits claiming it deceptively marketed an opioid acquired from Pfizer.
Shares of Tesla Inc jumped more than 12 percent on Thursday, after the company convinced investors that it was able to yield positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologized for past incendiary remarks.
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Short-sellers racked up about $1.1 billion in losses on paper on Thursday, pushing their year-to-day performance into the red, after Tesla Inc ‘s shares soared as much as 11 percent a day after the electric carmaker reported results, according to financial analytics firm S3 Partners.
Short-sellers racked up about $1.1 billion in losses on paper on Thursday, pushing their year-to-day performance into the red, after Tesla Inc (TSLA.O)’s shares soared as much as 11 percent a day after the electric carmaker reported results, according to financial analytics firm S3 Partners. Short-sellers aim to profit by selling borrowed shares, with the hope of buying them back later at a lower price, and Tesla is the most shorted U.S. stock. Short-sellers’ on-paper losses have now swelled to $831 million for the year, S3 data showed. …read more […]
Apple became the first U.S. company to top $1 trillion in market value on Thursday, leading a rebound in technology stocks that helped Wall Street pare losses and turned the Nasdaq positive.
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