Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images In the midst of a fourth-quarter surge that launched Tesla’s stock past CEO Elon Musk’s $420 per share takeout value, Morgan Stanley reiterated its $250 price target
Investing
Wall Street veteran Byron Wien won’t release his legendary 2020 market surprises until January, but he offered one that didn’t make the cut Tuesday on CNBC. “Watch gold in 2020,” the vice chairman of private wealth solutions at Blackstone said on “Squawk on the Street.” “It has a chance to be an interesting investment.” Wien,
Todd Combs, portfolio manager and investment officer of Berkshire Hathaway Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Friday, July 12, 2019. Patrick T. Fallon / Bloomberg / Getty Images Geico, the auto insurer owned by Berkshire Hathaway Inc, on Monday named
Morgan Stanley has flagged 29 Chinese stocks that are most likely to benefit from the completion of a phase one deal between the U.S. and China. Nearly half of them are from the information technology sector, which has been hit by the trade war as those companies have been on tariff lists. Eight are from
Netflix CEO Reed Hastings gives a keynote address, January 6, 2016 at the CES 2016 Consumer Electronics Show in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images As 2010 began, Netflix was a nascent challenger to the sprawling media industry, worth less than $8 a share. Fast forward ten years – and a
Casters are showered with sparks, or ‘skeeters,’ as molten steel is shaped into bars called ‘billets’ at the TAMCO steel mini mill on in Rancho Cucamonga, California. David McNew | Getty Images United States Steel headed for one of its worst days of the year on Friday after it cut its dividend to 1 cent,
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click .) Next year, maybe your holiday gifts will be delivered by drone. The world’s biggest players in logistics and packages are racing to make commercial drone delivery a reality, with Loop Capital Markets
Cruise ship anchored off the shore of Grand Cayman Island, Royal Caribbean cruise liner Mariner of the Sea MyLoupe | Universal Images Group | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) There’s still time for investors to beef
dimid_86 | Getty Images Where some see a mark of regret, Soliton sees a market opportunity. As more and more tattoo-bearing millennials age into their 30s, dermatologists are experiencing an uptick in tattoo regret syndrome. However, tattoo removal treatment has remained largely the same for decades, an expensive and painful procedure that can lead to
Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange. Bryan R. Smith | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click .) Many Wall Street analysts