Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA TODAY | Reuters Small investors are flocking to high-flying growth stocks after the brokerage industry made trading free. In the months since major […]
First Solar, Dropbox, Fitbit and more
A contractor for First Solar Inc. works on construction of the Tenaska Imperial Solar Energy Center South project in Imperial County, California. Sam Hodgson | Bloomberg | Getty Images Check out the companies making headlines after the bell: Dropbox — Shares of the data services company soared 13% during extended trading after the company announced […]
JP Morgan’s Kolanovic sees a bubble in defensive and tech stocks
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020. Lucas Jackson | Reuters A bubble has formed in defensive and low-volatility stocks as coronavirus fears drove a record number of investors to those pockets of the market, according to JPMorgan’s quant guru […]
China’s after-school programs to shut down or move online
Chinese students of Fuyang No.5 Middle School study in a classroom at night for upcoming National College Entrance Examination (Gaokao) on May 29, 2018 in Fuyang, China. Visual China Group | Getty Images As local governments in China delay the re-opening of schools to limit the spread of the new virus, parents and institutions are […]
HSBC reports fourth-quarter, full-year 2019 earnings
HSBC logo is displayed outside a branch of in the United Kingdom. Matt Cardy | Getty Images HSBC on Tuesday reported a 32.9% fall in pre-tax profit for 2019 to $13.35 billion — missing expectations by analysts. The bank, Europe’s largest by assets, said it took a goodwill impairment of $7.3 billion, mainly relating to its investment […]
China taps blockchain tech to help firns hit by virus
Giant letters, reading the word ‘blockchain’, are displayed at the blockchain centre, which aims at boosting start-ups, on February 7, 2018 in Lithuania’s capital Vilnius. Petras Malukas | AFP | Getty Images BEIJING – As Chinese authorities rush to support businesses struggling to survive the effects of the new coronavirus, blockchain technology is showing its […]
Trump administration may stop exporting GE’s engines to China: WSJ
A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett / Bloomberg / Getty Images The Trump administration may stop exporting jet engines manufactured partly […]
It’s still far from business as usual
An entrance to a closed McDonald’s Corp. restaurant is barricaded near the famous West Lake, usually a popular tourist attraction, in Hangzhou, China, on Tuesday, Feb. 11, 2020. Qilai Shen | Bloomberg | Getty Images BEIJING – Two weeks after the Lunar New Year holiday was originally supposed to end, Chinese businesses are still getting […]
Roku, Nvidia, Expedia and more
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Roku – Shares of the streaming company jumped 5% in extended […]
Charlie Munger warns ‘lots of troubles coming’ from too much ‘wretched excess’
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 — […]