Musk replied to Twitter user @TeslaTested who claimed Jim Chanos covered his short position after having lost $175 million. Jim Chanos has since dispelled the rumors. Questions surrounding Tesla’s accounting practices remain unanswered. CEOs of large cap companies don’t usually spend their time attacking short sellers. They know if their business performs well, it will […]
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OneConnect Financial Technology, the fintech arm of China’s largest insurance company, filed a prospectus on Wednesday for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The firm plans to list its shares on NASDAQ. OneConnect’s filing with the SEC today called for a target raise of $100 million, though that […]
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Buy price targets for Tesla stock range from $400 to $530. The ‘Made in China’ Model 3 is gearing for launch, although a date hasn’t been set yet. Next year the Model Y will be unveiled and Elon Musk has big hopes for it. Since Tesla’s (NASDAQ: TSLA) shares hit a low of $176 in […]
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Charter Communications (CHTR) has managed to keep up with Apple’s year-to-date performance. Furious buybacks since 2016 have helped keep the stock bullish. Strong upside potential and a parabolic structure are also driving CHTR’s surprising growth. Charter Communications, Inc. (NASDAQ:CHTR) is giving Apple (NASDAQ:AAPL) a run for its money. The telecommunications company is up by around […]
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Crypto exchange Bittrex is being sued over a SIM swap that netted criminals 100 bitcoin, currently worth nearly $1 million. The case resembles other recent high-profile heists in which a hacker seizes control of a victim’s cell phone to then loot online crypto accounts: the swap was from cellular carrier AT&T, money was taken from […]
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Tesla stock trailed the Nasdaq on Monday, dragging the tech-heavy index into decline despite gains in the Dow and S&P 500 This pullback was all about the fundamentals, not Elon Musk’s tweeting. However, the fallout from Musk’s Twitter antics didn’t help matters. Tesla stock dragged the Nasdaq lower on Tuesday, and in what feels like […]
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Canaan Creative, the Avalon bitcoin miner maker and one of the world’s largest mining equipment manufacturers, has just formally filed another attempt to go public – this time in the U.S. Canaan’s initial public offering prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Oct. 28 indicates it intends to list on NASDAQ under […]
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Bitfinex says it was conned. The crypto exchange and sister company of Tether claimed Friday that it was the “victim of a fraud” at the hands of Crypto Capital, a payment processor that allegedly lost $880 million of Bitfinex’s money. Crypto Capital’s president, Ivan Manuel Molina Lee, was arrested Thursday by Polish police on charges […]
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Facebook’s Libra has been a wake-up call for central bankers. Now one such official – Gabriel Soderberg of Sweden’s Riksbank – says cross-border payments are where policymakers need to play catch-up. “Libra showed there is a demand for something that central banks have not yet delivered, which is cheap, efficient cross-border payments,” Soderberg told CoinDesk, […]
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Ford is giving a little more road to a blockchain pilot program aimed at improving fuel efficiency. On Tuesday, the auto-giant said it will use blockchain to monitor and automatically implement fuel efficient driving modes for a fleet of vehicles in Cologne, Germany. This is part of a wider pilot program also happening in London and […]
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