Steven Counts for Virgin Galactic Virgin Galactic is one step closer to blastoff. The aerospace company’s stock price surged as much as 19% on Friday to an all-time high of $28.23 per share, capping off five straight days of gains. The stock move came aft…
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Month: February 2020
Tesla raises $2 billion in secondary stock offering priced at $767 a share — 5% below where it’s trading now (TSLA)
REUTERS/Joe Skipper Tesla priced its secondary stock offering at $767 a share, a nearly 5% discount on the stock’s Thursday closing price.The company will raise around $2 billion from the sale.The narrow discount on the secondary of…
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Tesla restored autopilot feature to used car, saying the whole thing was a “miscommunication”
Last week I posted the sad tale of Alec, a man who bought a used Tesla at auction and was saddened when Tesla later remotely disabled the car’s autodrive feature. Tesla justified the action by telling Alec that autodrive was “not a feature that you had paid …
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NewsWatch: Veteran strategist eyes health care and financials in anticipation of ‘choppy and frustrating’ markets
Bob Doll, chief equity strategist at Chicago fund manager Nuveen, says markets are priced for good news. But he also doesnt expect a recession. See full story. Mastercard is pioneering new payment technology that identifies commuters by the way they walk Ma…
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Market Snapshot: Stock-index futures edge higher as investors assess coronavirus fallout
Stock-index futures pointed to a slightly higher start on Friday, though uncertainty over the spread of COVID-19 in China could limit upside. Data on January retail sales were also on tap as corporate earnings season moved into its final stage. What are maj…
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