Tesla has announced its plans to enter the Indian market early next year, but not next month as Elon Musk previously noted.
The JPMorgan analyst lowered his price target for Nikola stock on execution risks related to a “tarnished brand.”
Economists from Goldman Sachs Group have revised their Q1 GDP forecast to see a growth of 5% though earlier they expected a 3% increase.
Facebook’s decision to shut down the holding company in Ireland came after the US Internal Revenue Service (IRS) sued the company over its Ireland shore deal.
Pascal Soriot, the Chief Executive of AstraZeneca revealed that the vaccine is as effective as Pfizer and can be a strong protector against the new variant of the virus which is very contagious.
Zoom stock has skyrocketed nearly 5x this year on the backdrop of massive demand owing to the work-from-home culture and more businesses moving online. Zoom investors had a phenomenal bull run in 2020.
Just as expected, the market has reacted to this news. The S&P futures (INDEXSP: INX) recorded a surge of 0.62% right after the Christmas holiday.
With Tesla up about 700% this year, investors should avoid thinking about growth at any price and rather diversify their portfolios to older stocks.
Alphabet through Google Cloud has identified a huge gap in the Saudi Arabia cloud infrastructure and intends to fill it despite the impending competition.
Over the past year, NKLA has climbed 25.64% and nearly 46% since the beginning of 2020. However, Nikola has lost 28.94% in the last three months.
Virgin Galactic (SPCE) shares closed with a 5.30% rise on Wednesday to signal a comeback.
The uncertainty about the relief measures puts the market on the edge. President Trump has noted that the $900 billion package isn’t suitable and has called for increasing direct payments from $600 to $2000.
Apple (APPL) saw a 1.2% gain on December 21, just an hour after the company announced their car plans. Its share further went up by 2.75% on that day and rose to 4.8% on December 22, trading at a $131.88 close.
Pfizer requires the government to give them access to about nine specialized products which is said to include Lipids, and this can be done by invoking the defense production act.
Currently, Facebook is also facing a legal suit from the Federal Trade Commission and a coalition of 48 US states. They are accusing Facebook of engaging in anticompetitive behavior and abusing its market position to liquidate potential rivals.