Automakers and pure play electric vehicle makers got a boost this week by President Joe Biden’s “Buy American” plan.Video TranscriptSEANA SMITH: Hey, Dan, I also want to ask you about Tesla, because that stock also off just around 2% today. Bears are pointing to the miss that they reported on earnings about that they reported…
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CEO of Tesla Motors Elon Musk. Brendan McDermid | Reuters Bitcoin's value jumped more than 20% to $38,566 on Friday after Elon Musk, the world's richest person, changed his personal Twitter bio to #bitcoin, fueling speculation that he had bought more of the cryptocurrency. Less than 24 hours earlier, the billionaire appeared to prompt shares…
New York (CNN Business)Walmart plans to build automated mini-warehouses in dozens of its stores to speed up customers' online delivery and curbside pickup orders in a race against Amazon.Walmart announced Wednesday that it will add dozens of 20,000 square-foot to 30,000 square-foot automated fulfillment centers in the coming years, either in the backrooms of its…
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As many business leaders separated from President Donald Trump following the attack on the U.S. Capitol, the chief executive of Minnesota-based MyPillow Inc. leaned in. On Tuesday, with key retailers dropping MyPillow products, CEO Mike Lindell continued to promote debunked claims that election fraud cost Trump a second term and said he was less worried…
The Internal Revenue Service misdirected stimulus payments for an estimated 13 million accounts, but the agency on Friday said it is trying to redirect to the money to the proper place. If you’re anticipating a stimulus payment that hasn’t yet landed, continue to monitor your bank accounts — and your snail mail.The I.R.S. was taking…
President Trump on Tuesday said Oracle could take on TikTok after he issued an executive order that would ban the video app if its U.S. operations remain under Chinese control.With Microsoft as a leading contender to acquire the app, The Financial Times reported Tuesday that Oracle is "seriously considering" purchasing the app's operations in the U.S., Canada, Australia and New Zealand.TIKTOK…
BEIJING — Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy.Benchmarks in Shanghai, Hong Kong, South Korea and Sydney advanced. Tokyo was off 0.1%.Wall Street gained Thursday after President Donald Trump suggested he might be reversing his decision to halt talks on economic aid.…
REUTERS/Scott Olson Snowflake, backed by the billionaire investor Warren Buffett, said it would raise $3.4 billion on Wednesday in the largest software initial public offering.The cloud-data platform said on Tuesday that it would sell 28 million shares priced at $120 apiece, valuing it at over $33 billion.Snowflake plans to list on the New York Stock…
Summary List PlacementBank of America on Wednesday boosted its Tesla price target to $550 from $350, implying a roughly 16% upside from Monday's close. Tesla on Tuesday announced plans to sell up to $5 billion in new shares, capitalizing on its recent rally. The announcement "was evidence of our thesis that TSLA will utilize its…