Tesla, Snap, Novavax and Goldman Sachs fall premarket
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Volkswagen investors return to criticizing CEO’s dual roles
December 16, 2022 2:14 PM ESTVolkswagen investors return to criticizing CEO Oliver Blume's dual roles on Friday even after the company approved a roughly 9.6 billion euro ($10.2 billion) special dividend following the listing of Porsche AG.
Blume became CEO of the company in September but has continued as CEO of luxury brand Porsche even after... More
Tesla (TSLA) launches virtual power plant program 'Tesla Electric'
December 16, 2022 11:39 AM ESTElectric vehicle maker, Tesla (NASDAQ: TSLA) recently launched a virtual power plant (VPP) program called Tesla Electric, where customers can sell electricity automatically from their Powerwall back to the grid. The program is currently only operating in Texas, and only select customers are invited to join.
Its a special electric plan for Powerwall owners. Tesla writes about its new product on its website: Solar and Powerwall can help you and your community accelerate the transition to sustainable energy. With Tesla Electric, your Powerwall automatically... More
Jefferies below consensus on The Trade Desk growth, sees several headwinds for Snap
December 15, 2022 2:09 PM ESTJefferies analyst James Heaney downgraded both The Trade Desk Inc. (NASDAQ: TTD) and Snap (NYSE: SNAP) to Hold from Buy in a note on the 2023 digital ad outlook on Thursday.
"In our view, the street is overly optimistic on digital advertising growth in '23 and '24," writes Heaney. "Accordingly, we lower our '23 revenue ests across our coverage by 3-7% bringing us 5-10% below... More
