Investing News

Nikola Inc. (NKLA) shares rose more than 10% during Monday’s session after Deutsche Bank issued a short-term Buy recommendation ahead of earnings and Executive Chairman Trevor Milton’s partial update on the company’s balance sheet. Deutsche Bank analyst Emmanuel Rosner added the electric vehicle maker to the firm’s short-term “Catalyst Call Buy List” ahead of its
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Ford has tapped Jim Farley to replace Jim Hackett as chief executive as the automobile industry grapples with the development of new technologies and economic fallout from the pandemic. The management shake-up is the second this year for Ford, whose former head of its automotive division retired from the company in March with Mr Farley
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Virgin Galactic Space tourism venture Virgin Galactic announced it signed an agreement with Rolls-Royce to develop an aircraft for supersonic travel, giving a first look on Monday of the coming vehicle’s design. Supersonic travel is a long-term bet for Virgin Galactic, which has been developing reusable spacecraft capable of sending people on short trips to the
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Impairment occurs when a business asset suffers a depreciation in fair market value in excess of the book value of the asset on the company’s financial statements. Under the U.S. generally accepted accounting principles, or GAAP, assets that are considered “impaired” must be recognized as a loss on an income statement. Key Takeaways Impairment occurs
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The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Shares of DiamondPeak Holdings, a special purpose acquisition company, jumped more than 20% during premarket trading on Monday after the company announced that it will
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Weighted Average vs. FIFO vs. LIFO: An Overview When it comes time for businesses to account for their inventory, businesses may use the following three primary accounting methodologies: Weighted average cost accounting Last in, first out (LIFO) accounting First in, first out (FIFO) accounting Each of these three methodologies relies on a different method of
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Getty Images The majority of companies have now reported their earnings, revealing the winners and losers from the ongoing coronavirus pandemic. Although many companies failed to meet analyst expectations, there are some notable exceptions. And with these fresh insights, analysts are reviewing their short-term and long-term take on the stocks they cover. In this unprecedented
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The Wirecard scandal will galvanise efforts by Brussels to upgrade EU level financial supervision, according to one of the bloc’s top officials, who said the company’s downfall showed the need for stronger defences against fraud.  Valdis Dombrovskis told the Financial Times that the German payment group’s collapse had reinforced his belief that a previous thwarted
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Healthcare is expensive. In addition to rent or mortgage payments, healthcare costs can be one of the biggest monthly budget items for many individuals. Paying medical bills can be a financial burden and a significant challenge. To help consumers address this challenge, a variety of well-known lenders and healthcare companies–including GE Capital, JPMorgan Chase, CitiGroup,
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Donald Trump has vowed to ban TikTok, the Chinese-owned video-sharing app, from operating in the US as his administration finalised a national security review of the company. The move, announced by Mr Trump as he flew back to Washington from Florida on Friday night, is likely to further inflame geopolitical tensions with China. It also
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Warren Buffett, chairman and CEO of Berkshire Hathaway David A. Grogan | CNBC Warren Buffett’s Berkshire Hathaway this week again added to his already-enormous stake in Bank of America at a time when the coronavirus pandemic dampens the economic outlook and interest rates hold near record lows. A Securities and Exchange Commission filing showed Buffett’s
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During its third quarter earnings results on Thursday Apple said that the company’s shareholders approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are now cheaper — more accessible.
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Technology companies have become a dominant driver in recent years of economic growth, consumer tastes and the financial markets. The biggest tech stocks as a group, for example, have dramatically outpaced the broader market in the past decade. That’s because technology has reshaped in a major way how people communicate, consume information, shop, socialize, and
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CNBC’s Jim Cramer said President Donald Trump’s Thursday morning tweet that suggested delaying the November election could cause problems for equity investors.  “It sows chaos, and chaos is bad for the stock market,” Cramer said on “Squawk on the Street.”  Dow futures extended their fall slightly in the wake of Trump’s tweet. They then made
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Unlikely as it may seem, there are some beneficiaries who prefer not to receive inherited assets. The reasons vary: Often the beneficiary would like the assets—such as a traditional or Roth IRA or other inherited retirement plan—to be given to someone else. Other times the intended beneficiary does not want to be taxed on the assets.
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