After-hours movers: Tesla ticks up on beat, Chevron jumps on massive buyback
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
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- Chip stocks plunge, but bargain-hunters limit scale of tech rout
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- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
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- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
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Musk meets with top Biden officials to discuss EV and energy goals
January 27, 2023 2:11 PM ESTAn exclusive story by Reuters reports that Tesla CEO, Elon Musk met with two top Biden administration officials on Friday in Washington. John Podesta, a senior advisor to the president for clean energy innovation, and Mitch Landrieu, who oversees infrastructure spending.
According to a White House spokesperson, "John Podesta and Mitch Landrieu met with Elon Musk... More
Morgan Stanley Bullish as Tesla (TSLA) ushers in the 'Great EV Deflation'
January 27, 2023 11:55 AM ESTMorgan Stanley reiterated an Outperform rating and $220.00 price target on Tesla (NASDAQ: TSLA) as the electric vehicle giants recent price cuts usher in, what analyst Adam Jonas calls, the Great EV Deflation.
Jonas wrote in a note, In recent days, Ive asked several dealers and automotive experts if theyve ever seen a car company cut prices by 13 to 20% across the vast majority of its product range in one move. Nobody can think of a precedent.
Some... More
Analysts expect slow recovery for Seagate Technology (STX) despite positive earnings
January 26, 2023 10:23 AM ESTSeagate Technology (NASDAQ: STX) shares jumped at the open Thursday following its latest earnings results, which gave analysts at Morgan Stanley and Credit Suisse slightly more confidence in the company's recovery.
Credit Suisse analyst Shannon Cross maintained a Neutral rating and $69 price target on Seagate, stating the company's earnings signal that the quarter is... More
