Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla remains on watch after rising for 10 sessions in a row, surpassing Facebook (FB) in market value, and making CEO Elon Musk the world’s richest person. The company’s shares rose 3.8% in premarket trading as of 7:35 a.m. ET.
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Check out the companies making headlines in midday trading. Tesla — The electric vehicle company surged more than 7% to a new record high. Tesla’s market capitalization jumped above $800 billion for the first time on Friday, making the company more valuable than Facebook, and the fifth-most valuable component of the S&P 500. Evercore ISI
William Li, founder and chairman of Nio, shares features of the et7 sedan at a launch event in Chengdu, China, on Jan. 9, 2021. Evelyn Cheng | CNBC BEIJING — Chinese electric car start-up Nio released its first sedan on Saturday with self-driving technology features that the company claims surpass that of Tesla. Pre-subsidy prices
Richard Clarida Scott Mlyn | CNBC Federal Reserve Vice Chairman Richard Clarida said he expects the central bank to maintain the pace of its asset purchases through the balance of 2021. “My economic outlook is consistent with us keeping the current pace of purchases throughout the rest of this year,” he told the Council on
Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of last year, complicating Chief Executive Officer Christian Sewings plan to turn around the lender through
In this photo illustration, visual representations of the digital cryptocurrency, Bitcoin are arranged on January 4, 2021 in Katwijk, Netherlands. Yuriko Nakao | Getty Images Bitcoin’s price rallied to a fresh all-time high on Friday, smashing past $41,000 for the first time as investors increasingly view the cryptocurrency as an inflation hedge. The world’s most
Erin Scott/Bloomberg via Getty Images Self-employed and gig workers applied for unemployment benefits last week at half the level from the week prior, according to Labor Department data reported Thursday. That suggests a strong rebound, breaking from persistently high — even increasing — levels in recent weeks. But that rebound likely didn’t happen. It only
Source: American Express American Express shares fell after the Wall Street Journal reported that the investigative arms of three U.S. financial agencies were probing the card issuer’s sales practices. Shares of the company dipped 1.3% Thursday after falling as much as 5% earlier. The offices of the inspectors general of the Federal Reserve, Treasury Department
Money manager Yana Barton expects Big Tech and health care to dominate market gains for the next 12 months and beyond. Despite a recent Wall Street rotation into economically sensitive groups, Barton wants to stick with what’s working. “All the secular tailwinds that were with us in 2020 are only accelerating,” Eaton Vance’s growth equity
A medical worker wearing a protective suit collects a throat swab from a local resident for Covid-19 antigen rapid test at a temporary testing center on Jan. 6, 2021 in Shijiazhuang, Hebei Province of China. Visual China Group | Getty Images BEIJING — Chinese authorities are starting to lock down parts of a province neighboring