'Dean of valuation' says Tesla would need VW-like sales and Apple-like margins to justify stock
"They've got to figure out a way that they become part-software, part-car" company, NYU professor Aswath Damodaran told CNBC.
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
FTC antitrust victory on Qualcomm questioned by appeals court
The U.S. government's antitrust victory over chip supplier Qualcomm Inc drew tough questions for the Federal Trade Commision from a panel of three appellate judges in...
Mattel adjusted profit rises on cost cuts, North America Barbie sales dip
Mattel Inc reported a rise in adjusted quarterly profit on Thursday as the company kept a tight leash on costs, even as holiday season sales of...
White House stands by Fed nominee after contentious Senate hearing
The White House expects President Donald Trump's two nominees for the Federal Reserve Board, Judy Shelton and Christopher Waller, to win Senate confirmation, a spokesman said...
Wall Street slips as coronavirus fears mount
Wall Street lost ground on Thursday, backing away from record highs as investors digested new coronavirus developments and mixed corporate earnings.
Walmart's Mexico unit posts 4.5% drop in net profit
Walmart de Mexico, Mexico's largest retailer, on Thursday reported fourth quarter net profit of 11.2 billion pesos ($594.7 million), a 4.5% drop over the same period...
U.S. gives Huawei another 45 days to buy from American suppliers
The Trump administration on Monday issued a 45-day extension allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd.
U.S. accuses Huawei of stealing trade secrets, dealing with North Korea
U.S. prosecutors on Thursday added trade secret theft charges to their bank fraud case against Chinese smartphone maker Huawei Technologies Co, further escalating the U.S. battle...
Judge grants Amazon bid to pause Microsoft's Pentagon contract work
A U.S. judge on Thursday granted Amazon.com Inc's request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10...
Tesla shares rise, reversing early losses following $2 billion stock offering
Tesla will offer $2 billion of common stock, with CEO Elon Musk and board member Larry Ellison each buying shares.
Trump Fed nominee Shelton apologizes for likening currency forger to Rosa Parks
Federal Reserve board nominee Judy Shelton on Thursday apologized for having likened a convicted currency counterfeiter to U.S. civil rights icon Rosa Parks in an unusual...
U.S. adds new charges to its case against Huawei
The U.S. government on Thursday added fresh charges to its case against Chinese smartphone maker Huawei Technologies Co that has angered China and hurt U.S.-Chinese diplomatic...
Here are the winners and losers of the Trump tax cuts
Here's who won and lost after the 2018 tax overhaul and how to determine which camp you're in. If you're judging it by the size of...
S&P 500, Nasdaq turn positive amid mixed coronavirus news
The S&P 500 reversed its losses on Thursday as investors weighed mixed news on the coronavirus and a spate of corporate earnings.
Emerson says it will not pursue a break-up following review
Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year that examined whether it should separate...