Tesla eclipses the combined market value of Ford and GM
For the first time in the company's history, billionaire inventor Elon Musk's electric car company Tesla's stock increased 5 percent to take the company's per-share price to 492.14 USD, with a total market capitalization of 89 billion USD, more than the combined value of General Motors and Ford at 50 and 37 billion USD respectively. GM and Ford still far outweigh Tesla in total numbers of sales.
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Apple lost $180 billion in market value in just one day
This year Apple became the first American company to reach a market cap of $2 trillion. Yesterday, Apple captured another record, this time for its falling share price which amounted to the biggest market cap drop for a U.S. listed company ever. The stock lost over $179.92 billion in market value. That drop is larger than the individual market caps of 470 of the S&P's 500 companies.
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Best performing stock market in Asia
Best performing stock market in Asia
A New York-based financial markets research firm marketcurrentswealthnet.com termed Pakistan Stock Exchange as the best performing stock exchange in Asia and fourth-best in the world. "PSX benchmark KSE-100 index has given a return on investment of 38.5% in dollar terms as foreign capital has been flowing into the market after the yield on the nation's bond fell below double digits," the report said.
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Dow Jones Jumps 200 Points, Helped By Bullish Gain For Apple Stock; Nvidia, AMD Lead Nasdaq 100
The stock market today strengthened in afternoon trading, with the Nasdaq composite and S&P 500 poised for their fourth straight weekly gain. Top gainers in the Dow Jones Industrial Average on Friday included Apple (AAPL), which is scheduled to split its stock 4-for-1 at the end of the month. Both Apple and Tesla are far extended past proper buy points, where buying now is fraught with risk.
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Investors
California Pizza Kitchen Files for Bankruptcy Because of Coronavirus
Los Angeles-based casual restaurant chain California Pizza Kitchen, better known simply as CPK, is now officially in chapter 11 bankruptcy as a result of the ongoing economic downturn fueled by the global coronavirus pandemic. While today’s announcement, made at Wall Street Journal, Nation’s Restaurant News, and elsewhere, does not mean that the company is closing its more than 250 locations permanently, though it does put the popular chain in direstraights.
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Eater