China’s hand in cementing a phase one trade deal with the U.S. keeps getting weaker even though many American media outlets keep reporting otherwise because they seem to like Chinese President Xi Jinping better than President Donald Trump, CNBC’s Jim Cramer said on Monday. Cramer said on “Squawk Box” the mainstream media wrongly thinks that
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Tesla CEO Elon Musk unveiled the electric car maker’s first pickup on Thursday night and Wall Street analysts were highly critical of the truck’s dramatic styling. “Tesla’s Cybertruck looks weird … like, really weird. Musk had warned investors that Tesla’s pickup would be ‘really futuristic, like cyberpunk Blade Runner,’ and he wasn’t kidding,” Bernstein analyst
Uber Eats workers wait for orders in central Kiev, Ukraine July 31, 2019. Valentyn Ogirenko | Reuters Here are the biggest calls on Wall Street on Friday: Stifel upgraded Uber to ‘buy’ from ‘hold’ Stifel said in its upgrade of Uber that the stock’s valuation presents a more “reasonable” entry point among other things. “The
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Venture capital funding for clean energy technology companies has declined after years of lackluster performance drove investors to other sectors. But a new fund is making a big bet that it’s possible
Robert Iger, Chairman and CEO at The Walt Disney Company speaks in Laguna Beach, California, October 22, 2019. Mike Blake | Reuters (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Here are some of the best analyst calls on Wall
Shares of Uber have plunged more than 30% since the ride-hailing company went public in May, but some analysts believe that 2020 is going to be a different story entirely. On Friday Stifel upgraded Uber to a buy rating saying the stock is “turning the corner,” while SunTrust said it’s their “favorite transportation disruptor of
SOPA Images | LightRocket | Getty Images While streaming platform Disney+ is off to a strong start, Wall Street analysts are not shying away from Netflix’s stock. In the week following Disney+’s launch, Netflix app downloads grew 4% year-over-year, Nomura Instinet noted, showing that Disney+ is not having a negative impact on Netflix’s growth potential.
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on October 3, 2019 in New York City. Drew Angerer | Getty Images An unusual trend in the stock market emerged recently as the latest sign that perhaps greed is the driving force behind the rally
Credit Suisse began coverage of Virgin Galactic with an outperform rating on Thursday, saying in an a note titled “The Ultimate Joyride” that the firm sees multiple factors driving the space tourism stock higher. “Our bullish view reflects the near-term monopoly SPCE offers in an industry (commercial space tourism) where public investment opportunities are scarce.
Chinese deities statue ready for export to China are waiting in Sagyin (“marble”) village located near the white marble Sagyin quarries. White marble is extracted from Sagyin quarries for centuries. Thierry Falise | LightRocket | Getty Images The best-performing stock in the world just lost nearly all its value in the blink of an eye.