Tesla Shares Nosedive After Major Analyst’s Consensus Turns to “Sell”

Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong, China January 26, 2016. REUTERS/Bobby Yip/File Photo By CCN.com: Elon Musk and Tesla’s poor start to 2019 looks like it’s set to get worse. After news of a $1 billion debt balance and cost-cutting layoffs, analysts are …

Call of Duty Publisher Activision’s Shares Fall on Destiny Departure

Activision Blizzard shares dropped nearly 10% on Friday after the leading video game publisher announced a split with “Destiny” creator Bungie. The “Call of Duty” and “World of Warcraft” publisher has handed back publishing rights for first-person shooter game “Destiny” to Bungie. The split has been filed with the Securities and Exchange Commission. Bungie will …

Amazon Stock Will Double in 3 Years

Investment manager Bill Miller — whose firm invested $1 billion in bitcoin in 2017 — predicts that Amazon’s stock price will double over the next three years, but believes Apple will struggle in the short term. “Amazon should double again in the next three years,” Miller — an Amazon perma-bull — told CNBC. “The top line is going …

Elon Musk and Tesla Start Building First Foreign-Owned Car Plant in China

Straight from the horse’s mouth. Despite multiple complications and the ongoing trade war between the US and China placing Tesla plans in doubt, today, the electronic car manufacturer began breaking ground on the construction of the first Tesla gigafactory outside of the US in Shanghai. On Twitter this morning, the charismatic businessman enthused: Looking forward …

Dow Plots 290 Point Rally Despite US Government Shutdown Standoff

The Dow Jones Industrial Average and other US stock market indices appear poised to snatch back a portion of yesterday’s massive losses, even as Congress and President Donald Trump continue to dig in their heels on the proposed border wall funding that has prevented the federal government from ending the partial government shutdown. Dow, Nasdaq, …

Dow Jones and Greater Stock Market Having a ‘Mid-Life Crisis’: Tom Lee

Fundstrat’s Tom Lee says the stock market sell-off doesn’t indicate a recession is nigh, but the earnings season looks “ugly” and the U.S Federal Reserve is to blame. Speaking today on CNBC’s Fast Money, the analyst, who appears lately to be receiving more and more criticism for his predictions, spared the numbers but doesn’t hold …

Dow Futures Crash 300 Points on Apple’s Mainland China Woes

US stock market futures are signaling deep cuts to open the second trading session of 2019, with contracts tracking the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all implying losses of more than 1.2 percent. Dow, Tech-Heavy Nasdaq Take Deep Cuts on Thursday As of 8:08 am ET, Dow futures had shed 301 …

Nasdaq Futures Plunges 1.75% on Weak Chinese Data; Bitcoin Surges

Nasdaq Futures kicked off on a bearish note this Wednesday as signs of weak economic data from China impacted the US markets. The index has fallen by 116.60 points, down 1.84% at 6,216.75 after closing 2018 on an annual loss of 4.72%, according to CNBC data. Futures for the Dow Jones Industrial Average are also …