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Tesla (TSLA) beat analysts’ expectations when it reported earnings Monday afternoon, posting a profit of $1.1 billion and making a record-setting number of deliveries for the quarter. But one analyst told Yahoo Finance that the electric car company still has more room to grow next year. Deutsche Bank Lead Tech and Auto Technology Analyst Emmanuel Rosner noted that Tesla worked relentlessly to cut the costs of its vehicles and to offer cutting-edge battery technology.  “We truly think this is… Source link

According to the CDC, “the United States is once again seeing a rise in COVID-19 cases, hospitalizations, and deaths.” CDC data shows that as of July 22, 35% of counties across the country are experiencing “high levels” of transmission. “COVID-19 cases are on the rise in nearly 90% of U.S. jurisdictions, and we are seeing outbreaks in parts of the country that have low vaccination coverage,” the CDC noted. National Institutes of Health head Dr. Anthony Fauci expressed frustration… Source link

Democratic lawmakers continue to pressure President Biden to extend the student loan pandemic payment pause and enact student loan forgiveness. “Tick tock, tick tock — over 30 million Americans will have a bill coming due in about two months,” said Senator Elizabeth Warren (D-MA) during a press conference. “The payment pause is running out on student loan debt payments. The size of these payments for many borrowers is the size of their rent, their car payments, groceries, child care —… Source link

Intel CEO Pat Gelsinger may be locked and loaded on bulking up the chip powerhouse as it seeks to dethrone rivals Taiwan Semiconductor Manufacturing and Samsung in the business of making semiconductors for other tech giants. “It’s a big, expensive industry to play in. The R&D demands are extraordinary, the capital demands are extraordinary for it. So you can’t be a little player,” Gelsinger said on his appetite for M&A in the foundry business on Yahoo Finance Live.  Intel (INTC) committed… Source link

Federal Reserve Chairman Jerome Powell takes his seat to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., July 15, 2021. REUTERS/Kevin Lamarque The writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions. More and more informed observers are asking why, after 13+ years of the Federal Reserve’s increasingly… Source link

* Apple, Microsoft and Google set to report results * GE rises on strong cash flow position * Chinese stocks extend declines * Indexes down: Dow 0.63%, S&P 1.00%, Nasdaq 2.07% (Updates comment, prices) By Ambar Warrick July 27 (Reuters) – U.S. stock indexes retreated from record highs on Tuesday, with the Nasdaq tumbling as much as 2.1% as caution kicked in ahead of earnings reports from some of the most valuable technology companies on Wall Street. Apple, Microsoft, Amazon and Google-parent… Source link

Text size Remember Yahoo!? After the internet company sold its core business to Verizon Communications, Altaba was what was left. David Paul Morris/Getty Images The liquidation of Altaba, the former Yahoo, is still going on. The fund said Monday that it would distribute $7.48 a share in cash to its shareholders in early August, after… Source link

Text size Remember Yahoo!? After the internet company sold its core business to Verizon Communications, Altaba was what was left. David Paul Morris/Getty Images The liquidation of Altaba, the former Yahoo, is still going on. The fund said Monday that it would distribute $7.48 a share in cash to its shareholders in early August, after… Source link

Photo by: BBB/STAR MAX/IPx 2021 2/24/21 A Walmart is seen in Stillwater, Oklahoma. Walmart (WMT), the nation’s largest private employer, says it will start paying 100% of the tuition for its debt-free college perk as part of a $1 billion commitment to career training and development over the next five years. In the summer of 2018, the big-box retailer began offering its 1.5 million U.S. associates debt-free college, as part of its $1-a-day college tuition perk, called Live Better U. Beginning… Source link

Home price growth in the U.S. soared to a new record in May as the housing market continues to heat up. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 16.6% annual gain in May, up from 14.8% in April — marking the highest reading in more than 30 years of data. It is also the 12th straight month of accelerating prices. The 20-City Composite posted a 17% annual gain, up from 15% a month earlier. The 20-City results surpassed analysts’… Source link