Tesla Is Poised to Soar 30% in 2022 on Robust Chinese Demand, Says Wedbush
(Bloomberg) Tesla Inc is in a solid position heading into next year, with sound drivers including growing Chinese demand and new factory openings in the US and Germany. In a…
Nio Hints at US Expansion, Posts San Jose Job Vacancies
(Electrek) Chinese carmaker Nio is gearing to expand into the United States, based on job postings on professional network platform LinkedIn. Nio Vice President for Business and Corporate Development Saurabh…
Microbot Stock Gains Over 71% on Stryker Collaboration for a New Robotic System
(Microbot Medical) Shares of Microbot Medical Inc. rose more than 71% after the company entered into a deal with Stryker Corporation for the development of a new robotic system for…
A Win for Tesla, Global Autos as China Relaxes Restrictions on Foreign Ownership
(Global Times) China has lifted restrictions that limit foreign ownership in passenger car manufacturers. The National Development and Reform Commissions also removed restrictions on the creation of two or more…
Jasmine Technology Rallies Over 7,000% on Bitcoin Mining Expansion
(Bloomberg) Thai tech firm Jasmine Technology Solution Pcl. recorded a surprise four-digit rally, following reports of its expansion into Bitcoin mining. The company’s shares are up by nearly 7,000% year-to-date,…
BridgeBio Plunges 67% After Disappointing Results of Acoramidis Test Study
(BridgeBio) BridgeBio Pharma shares fell 67% in premarket on Monday after the company announced that a stage 3 study for its acoramidis drug failed to meet its primary endpoint at…
Global Bonds Deliver -4.8% Return in 2021, the Worst in the 21st Century
(FT) The $68 trillion global sovereign and corporate bond market returned negative 4.8% in 2021, marking its worst performance since 1999. The negative returns, measured by the Barclays global aggregate…
Millennials to Drive S&P 500 Returns of 313% by 2029, Fundstrat’s Tom Lee Says
(Markets Insider) Fundstrat’s Tom Lee is optimistic that as millennials enter the peak earning years and start families in this decade, they would propel the S&P 500 to a 313%…
Russian Court Fines Meta 1.9 billion Rubles on Alleged Law Violations
(VC) Facebook’s parent Meta has been fined 1.990 billion rubles, more than 27 million USD, by the decision of Moscow's Tagansky district court for violating the administrative law.The news came…
Casino Shares Jump the Most in 2 Weeks as Macau Officials Look to Re-license Sector
(Bloomberg) Bloomberg’s gauge of shares of casino operators showed a jump of up to 4.8% on Friday, as authorities in Macau were reportedly looking to renew licenses. Various stocks in…
Crocs Inc. Stock Tumbles on Announced $2.5 Billion Deal for HEYDUDE
(Crocs) Shares of Crocs Inc. fell more than 15% on Thursday after the company announced it would acquire privately-owned casual footwear brand, HEYDUDE for $2.5 billion. The transaction will be…
Tencent Sends JD.com Stock Tumbling After Plan to Cut $16 Billion Stake
(FT) Shares of JD.com fell more than 7% on Thursday after Tencent said it was divesting $16 billion worth of shares in the e-commerce giant. Tencent’s move reflects moves to…
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