Cadillac LYRIQ on April 19, 2021 in Shanghai, China. (Photo by Wu Kai/VCG via Getty Images) VCG via Getty Images With gasoline prices surging, the timing could not be better for another high-end electric SUV. General Motors GM (GM) announced on Tuesday that production of its Cadillac Lyriq is set to begin next week. With…
Topline “You, little devil, are still young,” the head of Russia’s space program said in response to Musk’s … [+] challenge. Patrick Pleul/POOL/AFP via Getty Images Key Facts “I hereby challenge Vladimir Putin to single combat,” and the “stakes are Ukraine,” Musk said in a Twitter post Monday morning, using the Russian alphabet to write…
Bitcoin and cryptocurrency prices have been under pressure through most of 2022, with the bitcoin price losing almost 20% so far this year. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the latest crypto price crash The ethereum price and other major cryptocurrencies have also fallen sharply as bullish investors balk at…
Topline Shares of Rivian tumbled 7% Friday after the electric-vehicle maker reported lackluster quarterly earnings and warned that supply chain issues would limit vehicle production in 2022, but despite struggling since going public last year, analysts still love the stock and remain optimistic about a rebound. Rivian shares are down over 60% this year, but…
Topline Amazon became the latest mega-cap tech giant to announce a stock split this week, and with shares rising on the news—much like Google-parent Alphabet after its split last month—experts predict this could become a growing trend, with several other highly-valued companies that might be next. More mega-cap companies could see the value in splitting…
The Odey Special Situations Fund fell 1.24% in January, although it outperformed its benchmark, the MSCI World USD Index, which fell 5.29%. In his January letter to investors, Adrian Courtenay of Odey outlined their arbitrage position in Western Areas, which was a sizable 9.2% of the fund’s net asset value. Crispin Odey, founding partner of Odey…
The Ford Mustang Mach-E GT SUV on display at the Los Angeles Auto Show in Los Angeles, California on … [+] November 17, 2021. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images) AFP via Getty Images Shares of legacy automakers are reeling. Some of this is self-inflicted. Still,…
Investors searching for the next Tesla or Amazon would do well to focus on the stocks of CDR companies. Collector containers at the Orca direct air capture and storage facility, operated by Climeworks AG, … [+] in Hellisheidi, Iceland, on Tuesday, Sept. 7, 2021. Startups Climeworks and Carbfix are working together to store carbon dioxide…
Topline Electric carmaker Tesla revealed in a public filing Monday that the value of its bitcoin holdings ballooned to nearly $2 billion by the end of December, confirming the firm helmed by billionaire Elon Musk sold no cryptocurrency in the latter half of last year and cementing its position as the U.S. corporation with the…
Summary Wood boosted Zoom and Roku during the quarter. She reduced her positions in Tesla, Zillow and Unity Software. Catherine Wood (Trades, Portfolio) disclosed her firm’s fourth-quarter 2021 portfolio last week. Wood, who is the founder, chief investment officer and CEO of New York-based ARK Investment Managment, has made a name for herself through investing in “disruptive…