Tesla’s energy storage business has been largely overlooked by investors, but the segment is poised for substantial growth at a time when the automaker is struggling to boost electric vehicle sales, according to William Blair. Analysts Jed Dorsheimer and Mark Shooter initiated coverage of Tesla Thursday with an outperform rating. Tesla Energy is poised for a compound annual growth rate of 50%, they argue, driven by the need to stabilize the grid , build out data centers and integrate renewables into the energy mix. “We view Tesla Energy as the most underappreciated component of the Tesla story and expect the…
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Bradley Tusk, Tusk Venture Partners, joins ‘Fast Money’ to talk the week ahead for tech earnings. Source link
The Junior Achievement Free Enterprise Center located in Greenwood Village, Colorado, is where high school students can explore careers and develop a plan to pursue their goals. The center aims to inspire the next generation of entrepreneurs.Entrepreneurship is a common goal for younger people.More than half, or 54%, of Gen Z adults say that they think they’d be happier owning their own business than working a normal day job, according to CNBC and SurveyMonkey’s new Workforce Survey. The survey polled 5,993 U.S. adults in the workforce in early April — including 770 Gen Z respondents age 27 and younger.More from Your Money:Here’s…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market check: The S & P 500 is limping into the long weekend, giving back most of its earlier gains in the session, though the index remains slightly in the green. The tepid action on the last trading day of August comes despite a pair of encouraging economic updates that showed inflation is calming down while the U.S. economy is still growing at a solid pace. The Commerce Department reported Friday that the…
Former President Donald Trump’s economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times more than those of Vice President Kamala Harris, which would add $1.2 trillion, according to a new pair of studies from the nonpartisan Penn Wharton Budget Model.The Trump report found that his plan to permanently extend the 2017 tax cuts would add more than $4 trillion to deficits over the next 10 years. His proposal to eliminate taxes on Social Security benefits comes with a $1.2 trillion price tag, while his pledge to further reduce corporate taxes would add nearly…
UBS CEO Sergio Ermotti on Tuesday, May 7, 2024. Bloomberg | Bloomberg | Getty ImagesAfter an intense weekend of negotiations in March 2023, Swiss banking giant UBS agreed to buy its embattled rival Credit Suisse.Despite the attractive purchase price of $3.2 billion, investors were concerned about whether UBS would manage to turn around Credit Suisse’s investment banking business — an old source of problems. UBS had also become one the biggest banks in Europe, raising political and regulatory fears.At the time, investors were “very concerned” about the complexity of the deal and whether UBS would make it work, Bruno Verstraete, founder…
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesAlaska Airlines said its plan to acquire Hawaiian Airlines has cleared the U.S. Justice Department after the period for antitrust regulators to finish an investigation of the deal ended without a lawsuit to block the transaction, eight months after the two carriers announced a $1.9 billion agreement to combine.The two airlines now have to win approval from the U.S. Transportation Department before the deal closes. It wasn’t immediately…
The HMD Barbie phone is a co-branded product with Mattel, the toymaking giant behind the franchise.HMDHMD, the company behind Nokia-branded phones, launched a Barbie-branded phone Wednesday that comes with calls, texts and a classic “flip” design — but no internet or social media apps.The HMD Barbie Phone is a hot pink device that flips open and shut and sports a bold “Barbie” logo on the back, harking back to the iconic fashion doll collection.It is the result of a partnership with Mattel, the toymaking giant behind the Barbie franchise, which has produced and sold Barbie toys and accessories since 1959.The…
TOKYO, JAPAN – AUGUST 23: Bank of Japan Governor Kazuo Ueda attends a session in the financial affairs committee at the lower house of parliament on August 23, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images NewsThe Bank of Japan is widely expected to stick to its monetary policy tightening campaign as inflationary pressures in its capital city of Tokyo reaffirm the bank’s economic projections. But market participants remain divided over the timing of the next hike. “My money is on another rate hike in October,” Stefan Angrick, senior economist at Moody’s Analytics, told CNBC via email. He predicted that hike…
Shaoqing Ren, vice president, autonomous driving development, at Nio speaks about the electric company’s 5nm chip at its tech day in Shanghai on July 27, 2024.CNBC | Evelyn ChengBEIJING — Chinese electric car companies that are already engaged in an intense price war are turning up the heat on another front: Chip-powered tech features such as the driver-assist function.Nio and Xpeng have announced that their in-house designed auto chips are ready for production. So far, many of the major Chinese electric car makers have relied on Nvidia chips, with the company’s automotive chips business over the past few years bringing…
