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These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Wedbush Securities began coverage of Tesla shares on Friday with an outperform rating, saying Elon Musk's electric vehicle and energy storage company is now in the top echelon of 21st century technology companies.
"Tesla has evolved into one of the most dynamic technology innovators over the last 30 years and, in our opinion, has put itself into an esteemed category of companies such as Apple and Amazon that have revolutionized consumer buying habits and behaviors over the last decade," Wedbush analyst Daniel Ives said in a note to investors.
Ives believes Tesla's value is debatable from a number of angles — such as a potential capital raise or government investigations stemming from Musk's tweets. But looking at the company as a whole, Ives said, Tesla should become "a technology titan over the coming years despite the near-term turbulence."
"Seeing the forest through the trees we believe Tesla has the most innovative product roadmap in the technology space over the next 5 to 10 years," Ives said.
Shares of Tesla closed Friday trading down 2.9 percent at $365.71 a share. Wedbush has a $440 price target on Tesla shares.