Elon Musk, who’s still running his victory lap after his electric car company Tesla proved its detractors wrong, has once again gone out to bat for his “fav” bitcoin alternativesending its price sharply higher. Musk, the chief executive of both Tesla and aero…
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Month: March 2020
Hydrogen Truckmaker Nikola Listing On Nasdaq Via Surprise Merger With VectoIQ Worth $3.3 Billion
A hydrogen-electric Nikola semi-truck hauls a load of Budweiser through St. Louis in November 2019. Nikola, Anheuser-Busch Nikola, an Arizona startup developing futuristic semi-trucks powered by hydrogen fuel cells and batteries, is listing shares on Nasdaq…
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Hedge Funds Catch A Serious Case Of ‘Alpha’
It may be hard to remember this after a decade of badly trailing the broader markets, but the ostensible purpose of a hedge fund—and the willingness of investors to pay their fees—is to produce alpha, which is to say outperformance of said market. Its absence…
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Google Stock Falls, Waymo Gets Outside Funds – Investor’s Business Daily
Analysts were trying Tuesday to guess the valuation of Waymo, the self-driving car business of Google-parent Alphabet (GOOGL), in the wake of a $2.25 billion funding round from outside investors this week. Google stock fell on Tuesday, despite news of Waymo’s…
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Stocks sink after Powell explains Fed’s emergency rate cut – Fox Business
U.S. equity markets tumbled and the 10-year yield hit a record low after Federal Reserve Chairman Jerome Powell explained an emergency rate cut designed to cushion the economy from any coronavirus-related fallout. The rate cut, which came hours after G7 lead…
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