Investing

A pedestrian walks past a stock ticker at a Fidelity Investments office in Boston, Massachusetts. Brian Snyder | Reuters Thanks to record-breaking markets and more retirement savings, the number of 401(k) and IRA millionaires has reached a new record, according to Fidelity. Fidelity, the largest 401(k) provider in the United States, released its quarterly analysis
0 Comments
Wedbush Securities’ Dan Ives praised Tesla’s announcement on Thursday morning of a new $2 billion common stock offering. “It’s a smart, strategic move,” Ives said on “Squawk Box.” “It takes any doomsday scenario around cash crunch … off the table.” Shares of Tesla , which have skyrocketed recently, were under some pressure on Thursday after
0 Comments
Tesla has a long way to go before it justifies its current stock price, New York University finance professor Aswath Damodaran told CNBC on Thursday. Damodaran, known as the “dean of valuation” for his company analyses, said the electric-auto maker would need to have revenues comparable to the Volkswagen Group in 10 years, margins similar
0 Comments
Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday. “I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.” Munger —
0 Comments
William “Bill” Gerstenmaier in his former role as NASA Associate Administrator for Human Exploration and Operations. NASA/Bill Ingalls SpaceX is only a couple of months away from its first attempt at launching astronauts and the company has brought in one of the foremost experts in human spaceflight to help it do so successfully. William Gerstenmaier,
0 Comments
The Facebook analyst who downgraded the stock Tuesday told CNBC he is concerned about the growth of the social media giant’s advertising business. In particular, Pivotal Research Group analyst Michael Levine said he believes a slowdown in advertising from direct-to-consumer brands could spell bad news for Facebook. Instagram and Facebook are the most popular places
0 Comments