Netflix Rally in 2022 Hinges on Finding the Next ‘Squid Game’
-- Fast-growing technology stocks have taken a beating in recent weeks -- and Netflix Inc. is no exception.Shares of the streaming giant are down 13% from a Nov. 17 record, in tandem with the slump in the tech-heavy Nasdaq 100 Stock Index after the Federal Reserve indicated three rate increases and faster tapering in 2022. Concerns over the omicron coronavirus variant have also pressured equities.These forces have thrown the broad investment outlook for the start of 2022 into flux, but what has
Tesla returns to the $1 trillion club after Musk says stock sales are done
Tesla stock jumps more than 7% and retakes $1 trillion market capitalization, $1,000 share price after CEO tells satirical website that he has completed his stock sales.Tesla Inc. is once again worth $1 trillion, after Chief Executive Elon Musk said he is done selling shares.Tesla shares roared 7.5% higher to $1,008.87 Wednesday, pushing share prices higher than $1,000 and the electric-car company's market capitalization -- the value of all shares -- past $1 trillion. After first topping that pl
Tesla, authorities submit documents for German plant approval
BERLIN, Dec 22 - Tesla and relevant authorities have submitted all the documents necessary for the approval process for its planned factory near Berlin, the environment ministry of the German state of Brandenburg said on Wednesday.The approval process is still ongoing, the ministry said.Tesla could not be immediately reached for comment.Due to environmental resistance and red tape, it remained unclear when the first vehicles will roll off the production line at the site. Brandenburg premier Die