Berkshire Hathaway has added Kroger to its long list of investment stakes. Warren Buffett’s company has purchased nearly 19 million shares of the retail giant. BRK.B is up.
The Dow Jones Industrial Average (DJIA) futures, as well as the Nasdaq futures and the S&P 500 futures, are moving higher thanks to a number of factors.
Favipiravir has become one of the drugs that the Chinese authorities approved for treating the new COVID-19 strain of the coronavirus.
Cathay Pacific Airways expects a significant drop in its H1 2020 results and has also cut capacity due to the coronavirus fears. Severe travel restrictions as a result of the virus outbreak have led to a rise in flight cancellations.
General Motors has announced it will be ceasing its operations in some international markets and concentrate on the profit-making regions. GM stock hasn’t reacted significantly.
After a woman who was on a cruise ship tested positive for the coronavirus, authorities are now trying hard to find other passengers. Such a situation resulted in a new wave of worries.
Tesla (TSLA) stock is rising above $800 after hours. Elon Musk is looking for employees to join the Solar Roof team as the company is ramping up the installation of such roofs in the U.S.
According to the statistical data from the CME Bitcoin futures market, BTC may continue rising despite the current pullback.
Nissan stock has fallen to the lowest level in 10 years as the company has reported its earnings and is still under the pressure of the scandal surrounding former chairman Carlos Ghosn.
RBS impressed investors by beating analysts’ profit expectations by around £400m despite subdued growth in the UK economy. RBS stock is quite unstable these days as the company is planning to change its name to Natwest.
Tesla has now acknowledged the coronavirus as a serious risk in the company’s plans. Tesla says the epidemic could affect TSLA stock and the company’s progress.
With its recent success and growth in manufacturing the new Tesla models, the company plans to fuel its growth further by raising $2.3 billion from the open market through common stock offerings. Tesla (TSLA) stock price is moving up again.
Apple (AAPL) stock is 1% down even though the coronavirus production delays will not affect the iPhone 12 September launch, as the high demand for 5G A14 chips pushes the company to the limit.
Though Tesla (TSLA) stock has slowed down, if its price stays stable, the company could achieve the $100 billion average market cap for a six-month period as soon as in April or May. So, Elon Musk could get his first paycheck quite soon.
Credit Suisse has ended 2019 with figures in earnings that seems to leave all of its woes in the past, with optimism for 2020. CSGN stock is up though the CEO is leaving the company.