Business

[ad_1] Salesforce.com Inc. easily surpassed $ 20 billion in revenue for the first time in its recently ended fiscal year, so now is the time to set a new goal of $ 25 billion. Salesforce CRM, -3.90% reported fourth-quarter profit of $ 267 million, or 28 cents a share on Thursday, following a loss of … Read more

[ad_1] Dow Jones futures fell slightly Thursday night, as did S&P 500 and Nasdaq futures. The stock rally suffered heavy losses on Thursday as 10-year Treasury yields continued to soar. This time, the Nasdaq failed to rebound, closing below key support. X Nvidia (NVDA) and Teladoc Health (TDOC) joined the equities making massive gains, while … Read more

[ad_1] TPRESIDENT from Brazil, Jair Bolsonaro, likes to call his University of Chicago-trained economy minister Paulo Guedes his “Ipiranga gas station», A chain of full-service gas stations. The moniker charmed the markets during the 2018 election campaign, but Mr Guedes’ reform agenda lost ground in the face of populist measures to win re-election. When Mr … Read more

[ad_1] Legendary investor Charlie Munger on Thursday continued a war of words with popular online broker Robinhood Markets Inc. over how he and others enabled and profited from the recent boom in individual investing. “I hate this enticement of people to engage in speculative orgies,” Munger told The Wall Street Journal from his home in … Read more

[ad_1] The Fisker Ocean. Fisker Tesla has established a “significant early-mover advantage” over new entrants to the ever-expanding electric vehicle market, but a few other small names stand out, according to CFRA’s Garrett Nelson. In a note released Wednesday, the senior equity analyst said Amazon-backed Rivian, Lucid Motors and Fisker would emerge as “success stories” … Read more

[ad_1] Ethan Miller / Getty Images Short sellers lost $ 664 million on Wednesday as GameStop shares climbed 104% in the last 30 minutes of trading, S3 Partners said. The stock’s 84% ​​intraday gain on Thursday fueled an additional $ 1.19 billion in mark-to-market losses. Reddit traders relaunched the GameStop rally this week on new … Read more

[ad_1] Elon Musk has confirmed that Tesla has received “high demand” for the new, updated Model S and Model X. The CEO says the automaker will ramp up production with a second shift to meet demand, in a new employee email obtained by Electrek. Earlier today, we shared a report saying Tesla shut down a … Read more

[ad_1] The Dow Jones Industrial Average traded lower in the current stock market as the major indices sell off, erasing all gains from the previous trading day. Tech stocks led lower, while the 10-year Treasury yield hit its highest level in a year. In the final hour of trading, the major indices moved closer to … Read more

[ad_1] People walk past an AT&T store in New York City. Got Betancur | AFP | Getty Images AT&T has reached an agreement with private equity firm TPG to split up its DirecTV, AT&T TV and U-Verse businesses, according to an SEC filing Thursday. Under the agreement, AT&T and TPG will form a new entity … Read more