Analyst warns young investors to watch out for Tesla bubble: 'Not to sound like an OK, boomer'
Barclays said Tesla's recent rally resembles the rise and fall of chipmaker Qualcomm in 1999.
Barclays said Tesla's recent rally resembles the rise and fall of chipmaker Qualcomm in 1999.
Nasdaq hit a record high at the open on Wednesday following a strong monthly domestic private jobs data and on reports of treatments to fight the fast-spreading coronavirus.
General Motors Co on Wednesday forecast flat profits for 2020 and reported a better-than-expected fourth quarter result as it kicked off a new effort to win over investors stampeding into shares of electric car rival Tesla Inc .
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.
Coty Inc beat Wall Street estimates for quarterly profit and revenue on Wednesday as it sold more nail care products to salons and beauty professionals in Europe, sending its shares up 10% in premarket trading.
Qatar Airways is in talks to buy a 49% stake in Africa's RwandAir and is interested in doubling its holding in LATAM Airlines Group to 20%, its chief executive said on Wednesday.
Canaccord Genuity's Jed Dorsheimer said Wednesday that Tesla fundamentals need to catch up to meteoric market run.
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.
The dollar gained and a gauge of global equity markets surged for a third day as expectations of more central bank stimulus and media reports that suggest scientists are closing in on a vaccine for the deadly coronavirus boosted sentiment.
Coty Inc reported quarterly profit above expectations on Wednesday and said the recent coronavirus outbreak would have a relatively small impact on its earnings, sending the cosmetics and fragrance maker's shares surging as much as 22%.
Oil prices jumped 4% on Wednesday on media reports that scientists had developed a drug against the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil demand.
Australian regulators will consider intervening to stop banks from automatically directing "tap-and-go" card payments through the world's largest payment processors Visa and Mastercard Inc. , the central bank said on Wednesday.
When London-based Revolut opens its virtual doors in America this year, it will be the latest European digital bank to challenge incumbent U.S. lending giants after forays by Monzo and N26, but the challenges it faces have not diminished.
"There is tremendous wealth being created and what it's doing is making people, I think, not wanting to sell stocks," CNBC's Jim Cramer said.
Siemens came under increased pressure from climate change protesters and its own shareholders on Wednesday over a contract to supply an Australian coal mine, demanding that Chief Executive Joe Kaeser cancel the deal.