Warren Buffett hasn’t endorsed Kamala Harris in her presidential race against Donald Trump. The Berkshire Hathaway CEO campaigned for Hillary Clinton in 2016 and threw fundraisers for Obama. Buffett has said he doesn’t want to risk hurting his workers and shareholders by voicing his views. Thanks for signing up! Access your favorite topics in a…
Tesla reported blowout earnings this week, but its biggest growth driver wasn’t cars or robots. Its energy business grew by 52% year over year, earning over $7 billion in revenue so far in 2024. Elon Musk said on Tesla’s earnings call that the energy unit was “growing like wildfire.” Thanks for signing up! Access your…
Tesla stock has surged since the company reported earnings on Wednesday. Wall Street analysts broke down the factors they believe are fueling the rally. Emarketer analyst Jacob Bourne said the “surprise element” was the biggest contributor. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the…
The world’s richest man, Elon Musk, added another $33.5 billion to his wealth on October 24, after his electric vehicle company, Tesla Inc., saw its biggest share gain in over a decade, according to a Bloomberg report. Musk (53) is now worth $270 billion, thanks to 22 per cent gains in Tesla shares. The stock…
General Motors reported third-quarter earnings that topped estimates. GM’s profits were driven by strong SUV sales, EV growth, cost reductions, and improved China sales. GM’s EVs hold a 9.8% share of the US EV market, behind only Tesla. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
Wall Street’s bullishness for Nvidia stock endures even as shares trade at record highs. Analysts are upbeat about the next-gen Blackwell chip and Nvidia’s web of enterprise partnerships. Bank of America and Goldman Sachs are among the banks that have raised price targets in recent weeks. Thanks for signing up! Access your favorite topics in…
The S&P 500 has enjoyed a bull market since October 2022, rising nearly 70%. LPL Financial’s Quincy Crosby expects the rally to continue into 2025. Don’t worry about election volatility: earnings are strong, and a soft landing looks likely. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the…
Chipmaker GlobalFoundries began offering student loan debt relief to eligible employees this summer. The benefit is aimed at helping the company attract and retain workers. This comes as firms across the semiconductor industry are concerned about workforce challenges. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
NEW YORK — U.S. stocks closed their latest winning week with more records Friday. The Standard & Poor’s 500 rose 0.4% to squeak past the all-time high it had set early this week. The Dow Jones industrial average added 0.1% to its own record set the day before, and the Nasdaq composite gained 0.6%. Netflix helped…
Dropbox has taken a page from Amazon’s book when it comes to meetings. The company uses memos in meetings, which begin with attendees reading them and leaving comments. Amazon’s Jeff Bezos famously banned PowerPoints in exec meetings, instead asking for 6-page memos. Thanks for signing up! Access your favorite topics in a personalized feed while…