Elon Musk Tesla Tesla Stock U.S. Business News U.S. Market News 

Alarming! Tesla’s Stock Crashes as Wall Street Predicts Armageddon

By CCN: Tesla’s stock is down another 6% today, the sixth consecutive session TSLA shares have fallen. It is now down 40% year-to-date. Tesla’s stock is getting beat up this year. | Source: Yahoo Finance Tesla Car Price and Stock Price Are Both Falling Tesla’s stock is getting hammered today because of the company’s announcement that it is cutting prices on older model S and X vehicles. Merrill Lynch put out a note expressing concern that sales on those models have peaked and are losing market share to its own…

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china Dow Jones U.S. Market News Xi Jinping 

Dow Cringes as Xi Jinping Ominously Sparks Fears of Economic Cold War

By CCN: The Dow lurched back into decline on Wednesday after Chinese President Xi Jinping amped up the trade war rhetoric in an ominous speech that suggested that Beijing could not only permanently freeze negotiations with the Trump administration but also mire the two nations in an economic cold war. Dow Stumbles Toward Another Setback All three of Wall Street’s major indices braced themselves for significant pullbacks at the opening bell. As of 9:27 am ET, Dow Jones Industrial Average futures had lost 90 points or 0.35%, implying an 86.33…

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fundstrat S&P 500 Tesla tom lee U.S. Business News U.S. Market News us-china trade war 

What Trade War? Tom Lee Says the S&P 500 Could Return 23% This Year

By CCN: The stock market still has more runway for gains despite the trade war. Fundstrat Co-Founder Thomas Lee is doubling down on his year-end target of 3,100 for the S&P 500, which reflects gains of 9% from where the index hovers today. The S&P 500 has already climbed 14% higher year-to-date, and but the mood in the market has felt more like “doom-and-gloom” than “to the moon” as a result of the trade war tensions with China. Nonetheless, perma-bull Lee is confident that most stocks won’t feel the heat…

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Elon Musk self driving cars Tesla U.S. Business News U.S. Market News 

Tesla Stock Crashes to Lowest Levels, Unseen Since Obama Presidency

By CCN: This week Tesla stock crashed to its lowest levels since Obama was president. The electric car maker suffers from political uncertainty regarding the electric car maker’s prospects in China, as well as questions over Tesla’s ability to deliver on its premium stock valuation. A Tesla analyst at Evercore ISI says: “The only thing that can justify such valuations is supernatural growth and best in class execution. Both are in question right now.” Low Q1 earnings, low solar cell sales, unflattering publicity about random incidents with Tesla cars have…

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bitcoin Bitcoin Analysis Bitcoin Price News Crypto U.S. Market News 

Bitcoin Price Rages Near $7,500

By CCN: U.S. President Donald Trump announced a trade war with China Friday, hiking tariffs on $200 billion worth of Chinese exports from 10% to 25%. On the same day, the bitcoin price extended its uptrend after jumping above $6,000. The two events did not share anything except a date. But, according to Ed van der Walt, they probably had an interesting connection. The Bloomberg reporter theorized that investors were using bitcoin as “trade-war play,” stating that President Trump’s decision to increase tariffs on Chinese imported goods could create geographic…

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IPO SoftBank U.S. Market News Uber 

Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss

By CCN: The Saudi Arabian Public Investment Fund (PIF) was one of the first believers in Uber, ponying up billions of dollars to invest in it back in 2018. Now that the ride-sharing company has finally gone public, the fund stands to be one of the biggest losers. The fund bought in at $48.77 a share, far higher than Uber’s debut price of $42. At the time of writing Friday, Uber shares were fluctuating between about $42 and $45. Uber IPO Leaves Mighty Wake The Saudi Arabian fund, which is…

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Elon Musk Tesla U.S. Business News U.S. Market News 

Tesla Nightmare Jolts Elon Musk Fanboys Back to Stock’s Dark Reality

Elon Musk groupies might fantasize about owning robo-taxis that yield a fortune in passive income while they stay home and play video games, but one stock market analyst warns that the “Tesla dream” risks transforming into a bitter nightmare. Analyst Warns That Elon Musk’s ‘Dream’ Faces a Dark Reality Elon Musk knows how to mesmerize investors, but TSLA shareholders want the EV darling to put up or shut up. | Source: AP Photo/Jae C. Hong Boris Schlossberg, managing director at BK Asset Management, told CNBC that TSLA shares are a…

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DOW U.S. Market News 

Dow Nightmare Monday Looms on $200 Billion Trump Chinese Tariff Threat

By CCN.com: The Dow Jones has shown strong momentum from May 2 to 3, recording a recovery of nearly 300 points in merely two days. However, U.S. President Donald Trump’s decision to raise tariffs on $200 billion worth of Chinese goods could hinder the performance of the U.S. equities market. The Dow Jones has recovered strongly from May 2 to 3, adding nearly 300 points (source: Yahoo Finance) Intensifying Geopolitical Tension Poses Risk on Dow Throughout the past two months, many strategists were optimistic towards the short-term future of the…

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Dow Jones nasdaq S&P 500 U.S. Market News 

Dow Soars 200 Points on Blowout Jobs Report, But Wages Rattle Markets

By CCN: The Dow and broader U.S. stock market blasted higher on Friday after stronger than expected jobs data quelled lingering doubts about the health of the domestic economy. But the picture wasn’t perfect, as tepid wage growth rattled bond markets, sending U.S. Treasury yields lower. Dow Adds Triple Digits; S&P 500 Closes on Record Territory All of Wall Street’s major indexes prepared to close sharply higher, reflecting a strong pre-market for Dow futures. The Dow Jones Industrial Average rose by as much as 218 points through the middle of…

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Elon Musk Tesla Tesla Stock TSLA U.S. Business News U.S. Market News 

Eureka! Tesla Targets $2 Billion in Capital Raise, TSLA Shares Fly

By CCN: Maybe Tesla could be a $4,000 stock after all. Elon Musk has unlocked the formula for gains in the Tesla (TSLA) share price. Tesla’s stock soared as much as 5% after the company unveiled details about a much-needed capital raise in which Musk kept his cards close to the vest during the company’s recent earnings call. The electric vehicle company is looking to raise $2.3 billion from a series of stock offerings that includes Elon Musk purchasing $10 million in common stock, or roughly 42,000 TSLA shares. He…

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