Elon Musk, chief executive officer of Tesla Motors David Paul Morris | Bloomberg | Getty Images Investors betting against Tesla‘s stock have lost more than $8 billion since the beginning of the year, according to data from S3 Partners, including nearly $2.5 billion in losses on Monday’s surge alone. Tesla has more short sellers than
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Foreign travelers wearing masks walk past a departures information board at Beijing International Airport in Beijing, China as the country is hit by an outbreak of the new coronavirus, February 1, 2020. Jason Lee | Reuters When the market makes big moves, you might be tempted to make big decisions. However, having a one-size-fits-all approach
David Solomon, Goldman Sachs, at Marcus event Goldman Sachs is in talks to offer small business loans to merchants on Amazon‘s sprawling e-commerce platform, according to a person with knowledge of the plan. The bank has been working on software that would allow it to plug into Amazon’s existing loan platform, said the person, who
This photo taken on February 2, 2020 shows medical staff members from Shenyang bidding farewell with family members and friends before leaving for Wuhan, where a novel virus originally outbreak, at Xiantao International Airport in Shenyang in China’s northeastern Liaoning province. STR | AFP | Getty Images This is a live blog. Please check back
Traders work on the floor of the New York Stock Exchange (NYSE) on January 21, 2020 in New York City. Spencer Platt | Getty Images The U.S. stock market erased all of its 2020 advance amid growing concerns the fast-spreading coronavirus will lead to a global economic fallout, but a slew of Wall Street strategists
David Tepper, founder and president of Appaloosa Management. Cameron Costa | CNBC Billionaire hedge fund manager David Tepper, who was bullish on the market just a few weeks ago, said the coronavirus outbreak has changed the environment around stocks. Tepper, in an interview with Jim Cramer for TheStreet, said investors should be cautious until more
The Burj Khalifa looms over Dubai, United Arab Emirates. owngarden Back in early 2012, I bounded up to the ticket booth at the then-new, 2,722-foot Burj Khalifa in Dubai, hoping to snag a last-minute elevator ride to the top of the world’s tallest skyscraper. Taking a seven-hour tourist detour from a business stay in neighboring
The first National Football League team to drink Gatorade was the Kansas City Chiefs, who went on to win a Super Bowl that year. For the first time since winning the title in 1970, the Missouri football team is back in the big game this year. In the 50 years since the Chiefs’ victory, Gatorade
India’s finance minister said there are signs pointing to a turnaround in Asia’s third-largest economy, and the government’s growth targets for 2021 are within reach. “I say it is realistic because we’ve taken various factors on board, and expect the (government’s) revenue generation to improve, which it’s already showing signs of,” Nirmala Sitharaman told CNBC’s
A RadioShack location going out of business in Laguna Hills, California. Scott Mlyn | CNBC Last month, many New York City residents awoke to surprising news that could change their shopping routines as well as the items in their refrigerators. The local grocery chain Fairway, known for its no-frills atmosphere and extensive selection of items
Wells Fargo Securities’ Michael Schumacher expects the bond rush to intensify. According to the firm’s global head of rate strategy, coronavirus fears will drive more investors into the U.S. Treasury market as a safe haven play and drive yields sharply lower. The benchmark 10-year Treasury Note yield is already down 22% so far this year.
Cassidy Claire Risien, 34, is a resident at the Haven co-living community in Venice, California. Source: Kalen Hayman Cassidy Claire Risien, 34, is an actor and artist living in Los Angeles but, even with her day job as a spin instructor, her budget is tight. Despite that, she lives in a newly renovated townhouse in
Marvel Studios A trailer for the upcoming superhero film “Morbius” includes a poster of Spider-Man that should get fans’ spidey senses tingling — and that could be good for Sony Pictures, the studio behind the movie. The poster depicts Tobey Maguire’s “Spider-Man” from the early 2000’s. That is exciting for fans of the franchise who
Cornerback Richard Sherman #25 of the San Francisco 49ers Christian Petersen The world’s premiere athletes are getting an early look at venture capital deals — partially thanks to their social media game. Athletes’ Twitter and Instagram followers give them a direct line to fans, which in some cases can be used to promote portfolio companies
Photographer is my life. Americans may soon be able to withdraw cash from ATMs around the country using only their phones. While there are several clear benefits, especially for those without a bank account or debit card, there may also be security risks, according to some experts. Mastercard and a technology partner, Pin4, have been
Staff members, wearing protective suits, watch as a plane carrying 32 Mongolian citizens for their evacuation from the Chinese city of Wuhan arrives in Ulaanbaatar, the capital of Mongolia on February 1, 2020. Byambasuren Byamba-ochir | AFP | Getty Images Disney, Tesla, more than a dozen airlines and other global companies with significant footprints in
A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, April 30, 2019 Clodagh Kilcoyne | Reuters Check out the companies making headlines in midday trading. Amazon — Amazon jumped nearly 9% in midday trading after the e-commerce giant reported fourth-quarter earnings well ahead of Wall Street consensus expectations. The
Jackie Beck says a vision board helped her realize a dream trip to Africa. Source: Jackie Beck Here’s a great way to save money when what you really want to do is enjoy the moment. Just close your eyes. Now think of something you really want: a trip to Europe, college for your kids, a
Police officers in plainclothes raid a medical supply shop for allegedly hoarding and overpricing face masks, as public fear over China’s Wuhan Coronavirus grows, on January 31, 2020 in Manila, Philippines. Ezra Acayan | Getty Images All times below in U.S. eastern standard time. Roughly 2,100 new cases of the coronavirus have been confirmed in
Tesla has reported fourth-quarter results, and it’s a beat on earnings. The stock spiked as much as 13% on the news after hours. Here’s how the company did versus expectations: Earnings: $2.14 adjusted vs. $1.72 per share expected. Revenue: $7.38 billion versus $7.02 billion, expected according to Refinitiv. Tesla said it expects positive cash flow