Tag Archives: Biggest

Tesla (TSLA) strong rally this week points to more gains ahead, according to Wedbush, with the U.S. electric vehicle maker primed to transform the auto industry after ending 2021 on a strong note. Better-than expected fourth quarter delivery figures spurred investors to remain bullish on Tesla’s stock, while the electric vehicle (EV) maker’s new Gigafactory in Austin, Texas preps for production this month.  “We’re seeing, it’s a $5 trillion market opportunity in terms of EV and it’s the… Source link

If the Federal Reserve is too heavy-handed with its interest rate hikes this year as a means to stomp out high rates of inflation, there is one critical risk that most investors probably aren’t factoring in.  Recession.  “That is the risk [of a recession in 2023],” said Mohamed El-Erian, Queens’ College, Cambridge University president and Allianz advisor, on Yahoo Finance Live. “We haven’t had a situation in the past in which the Fed has been really late [with rate hikes] and the Fed hasn’t… Source link

Fossil fuel companies and firms that work closely with them are among the biggest spenders on ads designed to look like Google search results, in what campaigners say is an example of “endemic greenwashing”. The Guardian analysed ads served on Google search results for 78 climate-related terms, in collaboration with InfluenceMap, a thinktank that tracks the lobbying efforts of polluting industries. The results show that over one in five ads seen in the study – more than 1,600 in total… Source link

When it comes to cryptocurrency, financial adviser Ryan Payne agreed with billionaire Charlie Munger when he said, “This era is even crazier than the dot-com era.” “This whole Bitcoin (BTC-USD) thing — this whole cryptocurrency — is one of the biggest bubbles ever,” Payne, president of Payne Capital Management, told Yahoo Finance live on Friday.  “I do think that bubble is eventually going to burst. It’s going to be ugly,” he added.  The global crypto market “is somewhere over $2… Source link

Stock valuations are still looking too lofty even as the major indices continue to retrench on the one-two punch of Omicron variant fears and a hawkish shift in Federal Reserve policy. “I worry about markets because stock market valuations look relatively high,” said Torsten Slok, Apollo Global Management chief economist, on Yahoo Finance Live. (Apollo is the parent company of Yahoo Finance.)  Slok said the potential for interest rate hikes from the Fed in 2022 could be a headwind to markets,… Source link

(Bloomberg) — Over a span of four decades, Jaime Gilinski has quietly amassed a fortune exceeding $4 billion by expanding his family’s group of companies and pushing into new areas like banking, finance and real estate. Most Read from Bloomberg At 63, the Colombian native is embarking on his biggest gamble yet: a $2.2 billion bid to buy a majority stake in foodmaker Grupo Nutresa SA with the royal family of Abu Dhabi. For the deal to succeed, he’ll need to convince a group of investors in… Source link

CEO Sundar Pichai announced Monday that the company would devote 1 billion Australian dollars (about $736 million) to the country over the next five years. The funds will go, in part, toward launching the firm’s first research hub in Australia, as well as helping develop the nation’s cloud computing sector. Google (GOOGL) also plans to team up with an Australian government agency on scientific research, which will include projects on clean energy and protection of the Great Barrier Reef…. Source link

Facebook. Apple. Amazon. Netflix. Google. Five Big Tech giants known in investing circles simply as FAANG for years. That was until Mark Zuckerberg channeled his inner meta on Thursday.  The FAANG investing acronym was created in 2013 by Jim Cramer, the founder of TheStreet (full disclosure, my former boss who also created the term “Cloud Kings“). It was both catchy as hell and true to form for the companies it represented.  Think of a fang on a rabid dog and it’s not unlike all five tech… Source link

(Bloomberg) — Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s financial system last October. Most Read from Bloomberg Yet one year on, the technology titan has lost a whopping $344 billion in market capitalization — the biggest wipe-out of shareholder value globally, according to data compiled by Bloomberg. Shortly after the now infamous speech, Beijing suspended the listing of its fintech arm Ant… Source link

Google just wrapped up its Pixel 6 Fall Launch event, where it announced two new phones as well as a wealth of features that are supported by its new Tensor processor. Here are the biggest things Google announced during its live stream. Image: Google After months of leaks, we got the full details on Google’s Pixel 6 and Pixel 6 Pro phones — the Pixel 6 will sell for $599… Source link