AUTOMOTIVE
- Market
U.S. stocks trade lower after Fed minutes, after earlier trimming losses
U.S. stock indexes were lower Wednesday afternoon, after minutes of the Federal Reserve’s July meeting indicated policy makers were prepared…
Read More » - Market
Bed Bath & Beyond’s meme stock rockets on record volume, defying yet another analyst’s ‘sell’ call
Shares of Bed Bath & Beyond Inc. blasted off Tuesday, again, as the retail crowd defied, with renewed vigor, another…
Read More » - ECONOMY
A California Startup Is Selling Electric Vehicle ‘Subscriptions’
The landmark US climate bill passed by the House of Representatives on Friday is a boon for would-be buyers of…
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U.S. stocks jump, with S&P 500, Nasdaq scoring longest weekly win streak since November 2021
U.S. stocks ended with sharp gains Friday, with the technology-laden Nasdaq Composite leading the way up, as investors weighed signs…
Read More » - Finance
Musk ditches $7bn in Tesla stock as Twitter deal uncertainty continues
Elon Musk sold nearly $7bn worth of Tesla stock in recent days, regulatory disclosures show, amid uncertainty over the fate of his…
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These stocks soared up to 12% after inflation cooled
Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on…
Read More » - Tech
Lyft Creates Media Division to Expand Its Advertising Services
Lyft Inc. has formed Lyft Media, a new business unit consolidating and expanding the advertising offerings at the ride-hailing company.…
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New climate bill readies $370bn road to renewable energy
The climate and tax package passed by the Senate on 7 August will unlock some $370bn in funding for clean energy and…
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U.S. stocks fall after surprisingly strong July jobs report reinforces Fed rate hike expectations
U.S. stocks traded sharply lower Friday morning after a much stronger than expected reading on July employment reinforced expectations for…
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AMC announces special dividend in the form of ‘Ape’ preferred shares; stock falls
AMC Entertainment Holdings Inc.’s stock fell more than 7% in extended trading on Thursday after the company announced a special dividend…
Read More » - ECONOMY
Elon Musk’s Antics Turn Owners And Would-Be Buyers Against Tesla
Before it was reported Musk had an affair with Sergey Brin’s wife, which he’s denied; before his slipshod deal, then no-deal,…
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Amazon cost cuts can’t stop a second consecutive loss, but sales beat sends stock more than 10% higher
Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive…
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Musk is in tough spot with Tesla margins shrinking despite price rise
Therese Poletti writes the ‘Tech Tales’ column for MarketWatch Even as Telsa “Technoking” Elon Musk said the electric-vehicle maker’s current…
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This robot-driven macro fund is outperforming its peers. Here’s the good and bad news it has for markets.
The Deuterium Global Dynamic Allocation Fund is what its fund managers like to say is a glass, rather than black,…
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These 20 stocks still have at least 48% upside, analysts say, despite the S&P 500’s 8% gain from its lows
The S&P 500 has climbed 8% since June 16, when it closed at its lowest point this year. While the…
Read More » - ECONOMY
What A Bear Market And Strong Dollar Mean For Car Collectors
(Bloomberg) — In the past two weeks, Peter Brotman found himself evaluating two multimillion-dollar car collections offered for private sale.…
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Here’s the incredibly strong signal for stocks that is coming from the corporate bond market
Is it a false dawn in the stock market or is there something real? The S&P 500 has never lost…
Read More » - Finance
How Musk’s circle was rocked by a fight over his $230bn fortune
Birchall, a straight-laced, 48-year-old wealth manager who rose to become Musk’s top deputy and the head of his family office,…
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AMC may have been a meme-stock darling, but weakness in some key areas has the company on shaky ground
AMC has experienced a rollercoaster couple of years that took the theater chain from beleaguered pandemic victim to meme stock…
Read More » - ECONOMY
Elon Musk Isn’t The Only One To Blame For The Twitter Mess
(Bloomberg Opinion) — Here is why Elon Musk’s lawyers have declared he is “terminating” his deal to buy Twitter Inc.:…
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Elon Musk terminates deal to buy Twitter, and Twitter’s chairman promises a legal fight
Elon Musk is backing out of his agreement to buy Twitter Inc., and Twitter’s chairman has already promised a legal…
Read More » - Finance
Elon Musk sets up strange legal drama by spurning Twitter deal
Elon Musk’s showdown with Twitter has set the stage for what could become one of the most unusual courtroom battles in corporate-takeover…
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As COVID-19 hospitalizations fall in Northeast, they are rising fast in some states in South
U.S. cases are averaging more than 100,000 a day, but hospitalizations are starting to stabilize in northern states that were…
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Tesla boss Elon Musk and brother’s trades investigated by SEC
The Securities and Exchange Commission is investigating whether recent stock sales by Tesla chief executive Elon Musk and his brother, Kimbal Musk, violated insider-trading…
Read More » - ECONOMY
U.K. Economy Seen Slowing Sharply on Record Staff Shortages
Britain’s economy grew at the slowest pace since the height of lockdown in February, which purchasing managers blamed on staff…
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Nickel Nears Seven-Year High With Metals Rising on Demand Bets
(Bloomberg) — Nickel rose for a third straight session, approaching a seven-year high on booming demand for the metal used…
Read More » - ECONOMY
Banning New Gas Cars Is Key for Hitting EU’s Climate Goals
(Bloomberg) — The European Union must set a date to phase out the sale of new petrol and diesel cars…
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