Tesla stock had a rough week, falling more than 15% to close at $211.99 after CEO Elon Musk gave a gloomy view during the company’s third-quarter earnings call. Even though Tesla stock was still up an amazing 96% year-to-date, this drop was the worst week for the stock so far this year. Tesla said it…
The attack on Israel by Palestinian militants added geopolitical risk to an already fragile market coping with inflation and rising interest rates on Monday morning. Futures associated with the Dow Jones Industrial Average fell 235 points, or 0.7%, on Tuesday. S&P 500 futures dropped 0.82 percent, while Nasdaq 100 futures fell 0.83 percent. The Israeli-Palestinian…
After having a rough week, the new stock market rise took a big step forward on Friday. The big indexes turned around and went up, and many stocks sent out buy signals. Some of the stocks that hit buy points were Nvidia stock, Meta Platforms (META), Arista Networks (ANET), Qualys (QLYS), Eli Lilly (LLY), CME…
Blue Apron announced on Friday that it has agreed to sell itself for $103 million to food and restaurant company Wonder Group, founded by entrepreneur Marc Loron. At $13 per share, the transaction represents a substantial premium over Blue Apron’s Thursday closing price of $5.49 per share. The sale concludes years of ups and downs…
Profits at China’s industrial firms fell 6.7% in July compared to the same month a year ago, extending this year’s decline to a seventh month as sluggish demand squeezed companies and China’s post-pandemic recovery faltered. Earnings Drop Continues According to data released by the National Bureau of Statistics on Sunday, earnings fell 15.5% year-over-year for…
U.S. Federal Authorities Unearth Expansive Cryptocurrency Laundering Operation with Ties to North Korean Cybercrime Court Charges Washington State Resident and Russian Business Partner On Wednesday, federal authorities charged two men with operating a massive money laundering scheme that allegedly processed more than $1 billion in unlawful transactions, including the transfer of hundreds of millions of…
Wednesday is a divided day for Asia-Pacific markets as investors evaluate private business activity surveys from Australia and Japan, as well as inflation data from Singapore. The S&P/ASX 200 in Australia rose 0.66 percent, reversing earlier losses. According to the Juno Bank’s flash composite purchasing managers index for August, Australia’s business activity contracted at the…
Shares of Nvidia kicked off Tuesday at an unprecedented peak, with investors flocking to the trillion-dollar company, reaping exceptional stock gains as it capitalizes on the artificial intelligence surge, leaving competitors trailing far behind. A Remarkable Rally Nvidia’s stock surged by as much as 3% to reach $481.87, extending its 8% climb from the previous…
China’s Baidu Inc. has exceeded second-quarter revenue estimates, riding on a resurgence in advertising expenditure after the pandemic-induced slump. The company’s robust performance is attributed to the revival of digital advertising spending following the relaxation of COVID-19 restrictions, driving economic recovery. Baidu, known for operating China’s most popular search engine, generates the bulk of its…