Tesla shares jumping and racing past the $500 mark for the first time ever after Colin Rusch from Oppenheimer boosted his price target to $612 a share from $385. This is the most bullish call on Wall Street for Tesla - and nearly 30 percent above the Friday’s closing price. Yahoo Finance's The Final Round discusses.
Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — rather than springing for all-new models — follows the playbook of Tesla's old-school Detroit rivals, as some Tesla investors and analysts see it. The shift toward incremental improvement, mirroring a common strategy of Ford and General Motors, suggests the future of car-making that Musk has promised to disrupt may still look a lot like the past. Musk's new strategy followed an exclusive Reuters report that Tesla had shelved plans to release a long-awaited, new model expected to cost $25,000 in late 2025.
Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business — Truth Social — will keep dropping despite massive buying by Trump loyalists and wild swings that often mirror the candidate’s latest polls, court trials and outbursts on Trump Social itself.
Now, as Trump Media & Technology Group approaches its first month as a publicly traded company, it’s clear that — like the man it’s named after — there’s nothing typical about the stock. “If I woke up tomorrow and shares were zero dollars, or $100, I would not be surprised,” said Matthew Tuttle, a professional investor who bought $800 in Trump Media stock last week when it was at an all-time low. With Trump facing dozens of federal felony charges and hundreds of millions in legal expenses, Trump Media went public on March 26 on the Nasdaq exchange.
An Arizona grand jury's indictment of 18 people who either posed as or helped organize a slate of electors falsely claiming that former President Donald Trump won the state in 2020 could help shape the landscape of challenges to the 2024 election. The indictment issued Wednesday is part of a campaign to deter a repeat of 2020, when Trump and his allies falsely claimed he won swing states, filed dozens of lawsuits unsuccessfully challenging Biden's victory and tried to get Congress to let Trump stay in power.
Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United States."ByteDance does not have any plans to sell TikTok."
Millions of Indians began voting Friday in the second round of multi-phase national elections as polarization grows with Prime Minister Narendra Modi whipping up an assertive brand of Hindu nationalist politics in his campaign. The outcome of Friday’s voting across 88 constituencies in 13 states with 160 million voters will be crucial for Modi’s Hindu nationalist Bharatiya Janata Party as it includes some of its strongholds in states like Rajasthan, Madhya Pradesh, Uttar Pradesh and Maharashtra. Most polls predict a win for Modi and the BJP, which is up against a broad opposition alliance led by the Indian National Congress and powerful regional parties.
MEXICO CITY (Reuters) -Mexico's Senate approved the creation of a new pension fund on Thursday aimed at boosting payouts to the lowest-earning recipients. The creation of the fund, which is part of a pension reform proposed by outgoing President Andres Manuel Lopez Obrador, won the support of 70 senators, with 43 against and two abstentions, after a heated debate that went into the evening. The reform aims to ensure that pensioners receive 100% of their last monthly salary up to about 16,777 Mexican pesos ($975), which is the average monthly wage for workers affiliated with Mexico's social security institute.
The Food and Drug Administration said Thursday that traces of the bird flu virus have been found in 1 in 5 samples of pasteurized milk, providing a more detailed picture of how much of the milk supply has been affected.
The Bank of Japan was widely expected to keep its ultra-low interest rates unchanged Friday but analysts say the tumbling yen is putting pressure on officials to act.The central bank ditched its negative interest rate policy in March as it announced its first hike in 17 years, giving a brief lift to the yen.
Saudi Arabia could have its first Miss Universe contestant this year, organisers said this week, after a fashion model and influencer claimed she had been selected. Less than a week later, Miss Universe issued a statement referring to Qahtani's post as "false and misleading" and saying no selection process had been carried out in the Gulf kingdom.
From chains like Auntie Anne's to online stores like Harry & David, here are some of the best deals for celebrating National Pretzel Day this year.
Indian voters are battling sweltering conditions to take part in the world’s biggest election as a severe heat wave hits parts of the country and authorities forecast a hotter-than-normal summer for the South Asian nation.
The first jeepneys rolled onto the streets of the Philippines just after World War II -- noisy, smoke-belching vehicles initially made from leftover US Jeeps that became a national symbol.- 'Spirit of the jeepney' - Teodoro Caparino, who has been driving a jeepney for 35 years, hopes the government will decide to fix existing jeepneys rather than replace them with "Chinese-made vehicles".
The gentle roar of the ocean lulled Indian mother-of-two Banita Behra to sleep each night, until one day the encroaching tide reached her doorstep.Jagbandhu Behra -- no relation to Banita -- was unable to find a job to support himself in the Bagapatia resettlement colony after leaving Satabhaya.
A Secret Service agent assigned to Vice President Kamala Harris’ detail was removed from their assignment after displaying behavior that colleagues found “distressing,” the agency said.
Diagnosed with autism, Shoko Sakuma says she struggled working in accounting but now she is putting her childhood love of drawing to work in a special Japanese animation studio.The groundbreaking initiative aims to provide job training and confidence to people with autism who can find it hard to cope in Japan's often high-stress and long-hours work environment.
Senate Minority Leader Mitch McConnell stood by his past comments that presidents should not have absolute immunity from criminal prosecution for their actions while in office.
The United States and China butted heads over a number of contentious bilateral, regional and global issues as U.S. Secretary of State Antony Blinken met Friday with Chinese Foreign Minister Wang Yi and both men warned of the dangers of misunderstandings and miscalculations. The meeting, on the final day of Blinken's second visit to China in the past year, came as talks between the countries have expanded in recent months even as differences have grown and become more serious, raising concerns about the potential for conflict between the world's two largest economies. Blinken and Wang each underscored the importance of keeping lines of communication open but they also lamented persistent and deepening divisions that threaten global security.
China on Friday passed a law leaving its biggest trade partners in no doubt that it can hit back should they put tariffs on the exports of the world's No.2 economy as Washington and Brussels take aim at Beijing over excess industrial capacity. The Tariff Law, which was approved by China's top legislature after three rounds of deliberations going back to 2022, is the latest addition to Beijing's arsenal of trade defence instruments as it maintains an uneasy truce with the U.S. following a trade war that kicked off during the Trump administration. The law, which will take effect from Dec. 1, outlines a range of legal provisions related to tariffs on Chinese imports and exports, from what constitutes tax incentives to China's right to hit back at countries that renege on trade agreements.
Classes are cancelled across Bangladesh due to searing heat, but high school student Mohua Akter Nur found the soaring temperatures at home left her in no state for homework.Bangladesh authorities expect to reopen schools from April 28, before temperatures are expected to recede.
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