Articles written by: Lynn Wilkins

Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally

Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally

Tesla shares got off to the week with a good start after Canaccord Genuity upgraded the stock and predicted a monster rally as electric vehicle penetration improves and the company gets closer to building a car that is affordable for the masses. Canaccord upgraded Tesla to buy from hold and […]

Avis shares surge after ‘double upgrade‘ from Goldman Sachs

Avis shares surge after ‘double upgrade‘ from Goldman Sachs

Shares of car-rental company surged more than 7 percent Monday after an analyst at Goldman Sachs completely changed his tune on it. Analyst David Tamberrino upgraded Avis to buy all the way from sell and hiked his 12-month price target on the stock to $35 from $30. Tamberrino‘s new price […]

Paul Krugman expects a global recession this year, warns ‘we don‘t have an effective response‘

Paul Krugman expects a global recession this year, warns ‘we don‘t have an effective response‘

There is a significant chance the world economy is headed for a recession in 2019, according to Nobel Prize-winning economist Paul Krugman. Market participants are increasingly worried about the prospect of a serious economic downturn in the coming months, with a long-running souring business and consumer sentiment. Most economists, as […]

Stocks making the biggest moves premarket: Morgan Stanley, Restaurant Brands, Tesla & more

Stocks making the biggest moves premarket: Morgan Stanley, Restaurant Brands, Tesla & more

Check out the companies making headlines before the bell: – Morgan Stanley is buying for $900 million in cash. The deal is Morgan Stanley‘s largest since the financial crisis. – The parent of Tim Hortons, Popeyes, and Burger King reported adjusted quarterly profit of 68 cents per share, a penny […]

Italian banking shares jump on ‘not so bad news‘ from the ECB

Italian banking shares jump on ‘not so bad news‘ from the ECB

Italian banking shares moved higher on Monday following reports that their capital positions are above the levels required by the – in what analysts have described as “not so bad news.” Italian banks have been at the forefront of many investors‘ concerns. Since the appointment of the current anti-establishment government […]

Growing economic anxiety hits Main Street, pointing to more volatility ahead

Growing economic anxiety hits Main Street, pointing to more volatility ahead

There is no panic on Main Street, but confidence is dropping, according to the latest , released Monday. At a time of growing concerns about a more fragile U.S. economy — with increased stock market volatility, a lingering trade war with China and Federal Reserve policy adding layers of uncertainty […]

A giant coalition of companies including Amazon and Apple urges Congress to save ‘Dreamers‘

A giant coalition of companies including Amazon and Apple urges Congress to save ‘Dreamers‘

More than 100 major companies including and are renewing their push for immigration reform as another potential government shutdown looms. In a letter to lawmakers, the coalition of companies urged Congress to pass bipartisan legislation that enables more than 700,000 immigrants, known as “Dreamers,” to legally work and live in […]

‘We‘re not in a good place‘: Democrats and GOP can‘t agree about how to stop another shutdown

‘We‘re not in a good place‘: Democrats and GOP can‘t agree about how to stop another shutdown

The scramble to avoid another government shutdown has stalled out as an end of Friday deadline looms for Congress to strike an agreement on border security. Efforts to prevent the second partial funding lapse of the year have hit a roadblock, a Democratic aide told CNBC on Sunday. The Republican […]

Saudi Arabia denies involvement in leak of Jeff Bezos‘ messages to the National Enquirer

Saudi Arabia denies involvement in leak of Jeff Bezos‘ messages to the National Enquirer

rejected the suggestion it played a role in leaking CEO intimate messages to the National Enquirer. Adel al-Jubeir, the country‘s minister of state for foreign affairs, told on Sunday that the Arab kingdom had “nothing to do with” the episode. “Absolutely not,” Jubeir said when quizzed over whether his government […]

British firms have diverted $10 billion of investment to the EU due to Brexit, study claims

British firms have diverted $10 billion of investment to the EU due to Brexit, study claims

Brexit has pushed British money out of the U.K., according to a research published on Monday. British firms have increased their investments into EU countries by £8.3 billion ($10.73 billion) amid the uncertainty surrounding the U.K.‘s exit from the European Union. A study conducted by academics from the London School […]