Tesla surpassed a $500 billion market cap on Tuesday.
Shares of Tesla closed up 6.4% to trade at $555.38 per share.
Tesla became the first $100 billion publicly listed U.S. carmaker in January.
President Donald Trump briefly emerged to tout the Dow Jones Industrial Average breaking 30,000 for the first time ever, and then vanished after a minute without taking questions.
The president’s brief appearance came less than a day after his administration took a major step toward the transition to Joe Biden’s presidency.
Trump, three weeks after Election Day, still has not conceded the race to Biden.
Shares of embattled electric vehicle start-up Nikola Corp. fell more than 8% during afterhours trading.
Nikola CEO Mark Russell failed to reassure investors of a deal being finalized with GM and that there wouldn’t be a selloff of its stock next week by founder and ex-chairman Trevor Milton.
There are roughly 360.9 million shares of company stock outstanding, making Milton Nikola’s largest single shareholder.
The best pockets of recovery are domestic travel in Taiwan, Thailand and increasingly, Vietnam, said John Brown of Agoda, a subsidiary of Booking Holdings.
“All eyes globally” are looking at Asia to see how we manage domestic and international travel under arrangements such as the travel bubble between Singapore and Hong Kong, he said.
The bubble was postponed for two weeks after Hong Kong reported a rise in coronavirus cases, but Brown said he expects it to come online “soon enough.”
The price of bitcoin has climbed past $19,000 as the cryptocurrency’s 2020 surge continues.
It was trading about 4.25% higher on Tuesday morning at $19,207, according to data from industry site CoinDesk.
It is now creeping up toward the all-time high of $19,783 posted in a December 2017.
Hyperice, which makes muscle recovery equipment, has a new deal with the NFL.
Company CEO Jim Huether said the company should reach a $1 billion valuation in 2021 after the NFL partnership.
Hyperice secured a $48 million Series A funding in October, which Huether said values the firm at $700 million.
JPMorgan Chase agreed Tuesday to pay a $250 million fine after one of its U.S. regulators found a “pattern of misconduct” in its asset and wealth management division.
The Office of the Comptroller of the Currency said in a release that the New York-based bank’s risk management controls were “deficient” and the firm couldn’t avoid “conflicts of interest” in the business.
Neither the bank nor regulator gave much detail about the potential wrongdoing and conflicts of interest that garnered the fine. In late 2015, JPMorgan agreed to pay more than $300 million in fines after the Securities and Exchange Commission found that the bank failed to disclose that it put some clients into higher-fee products created by the firm.
The four nations of the United Kingdom have agreed to relax Covid-19 restrictions for Christmas to allow up to three households to meet at home for five days.
England, Scotland, Wales and Northern Ireland have taken differing approaches to handling the pandemic so far but the leaders of the devolved nations settled on a common approach on Tuesday for the festive period.
A national lockdown in England is due to end next week after which different parts of the country will face varying restrictions as part of a tiered system announced by Prime Minister Boris Johnson.
British telcos could face large fines if they fail to tighten security in their networks under new legislation being announced Tuesday.
The proposed Telecommunications Security Bill is designed to improve security in the U.K’s 5G and full-fiber networks.
Notably, the bill gives the government the power to fine operators if they use Huawei equipment in the nation’s 5G networks.
The 30-stock Dow surged 454.97 points, or 1.5%, to close at 30,046.24. At its high of the day, it traded at 30,116.51. Chevron rose 5% to lead the Dow higher. JPMorgan Chase and Goldman Sachs rose 4.6% and 3.8%, respectively.
