Tesla 'green tidal wave' to send stock to $1,000

Short sellers see fault lines in Tesla’s strong production numbers released today: Gasparino FOX Business’ Charlie Gasparino provides updates on Tesla and Archegos. Tesla Inc. shares surged Monday after the electric-car maker reported first-quarter deliveries that signal a "green tidal wave" is headed for the industry, according to one Wall Street analyst. Shares of the Palo Alto, California-based company climbed […]

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Slack targets ‘conservative’ Australia after its takeover by Salesforce

Slack’s founder and chief executive Stewart Butterfield says its acquisition by software giant Salesforce should help the workplace messaging company make greater inroads into the “conservative” Australian market. Slack’s popularity has benefited from the coronavirus lockdowns, with many local companies turning to the platform to enable communication between staff working from home. But Mr Butterfield said Australia had been a […]

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The investing chief and research analyst at a $1.2 billion crypto asset manager share how DeFi is disrupting the traditional financial services industry — and break down the 10 largest assets in the space

Matt Hougan is the chief investment officer for the $1.2 billion crypto asset manager Bitwise. In a Thursday webinar, he and analyst David Lawant shared their bull case for decentralized finance. They also broke down the ten largest DeFi assets that have seen enormous growth and innovation. See more stories on Insider’s business page. When you have billionaire investor Mark […]

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With ship now freed, a probe into Suez Canal blockage begins

Suez Canal ship Ever Given freed The Ever Given ship blocking the Suez Canal is finally freed. IHS Market Vice Chair Daniel Yergin with more. Experts boarded the massive container ship Tuesday that had blocked Egypt’s vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question that could have billions of dollars in […]

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Suncorp warns against building in flood zones, flags $250m in claims

Suncorp says claims from this month’s flooding disasters across NSW, south-east Queensland and Victoria will cost it up to $250 million, as it warned against building new homes in high-risk areas. As the industry’s total claims from the floods approach half a billion dollars, Suncorp said on Wednesday it had received slightly more than 7600 claims across the three states, […]

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Top Analyst Upgrades and Downgrades: Array Technologies, Baidu, Credit Suisse, Facebook, Franklin Resources, Twitter, ViacomCBS and More

The futures traded lower across the board on Monday, as we start the final trading week for the first quarter. All the major indexes, along with the Russell 2000, closed higher Friday after some serious selling last week got the momentum crowd looking for bargains. This week could see more volatility as the pension rebalancing trade, which calls for $61 […]

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Watch these 6 crypto tokens with the potential to disrupt legacy industries dominated by players like JP Morgan and Google, investment bank Oppenheimer & Co says

Oppenheimer & Co released a blockchain whitepaper listing 10 key themes to watch this year. The rise of crypto tokens is one of those themes. The analysts believe these assets can disrupt traditional industries. We list the 6 tokens the firm’s analysts say could potentially act as disruptors. See more stories on Insider’s business page. Investment banking firm Oppenheimer & […]

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Gold Retreats On Dollar Strength

Gold edged lower on Monday as the dollar strengthened against a basket of currencies and U.S. Treasury bond yields sat around one-year highs on the back of improving economic outlook. Spot gold dipped 0.4 percent to $1,726.48 per ounce, while U.S. gold futures were down 0.3 percent at 1,726.40. Benchmark 10-year Treasury note yields held near 1.658 percent in overnight […]

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