What happenedShares of electric-vehicle start-up Fisker (NYSE: FSR) jumped as much as 20% Wednesday after the company announced plans for a new manufacturing agreement with Foxconn Technology. Shares remained up 17% as of 10:50 a.m. EST.
The Nasdaq index fell in choppy trading on Wednesday as investors continued to sell technology-related stocks, while the S&P 500 and the Dow Jones were supported by cyclical shares on hopes of a quicker economic recovery.
Longtime Apple (NASDAQ: AAPL) supplier Foxconn Technology Group -- also known as Hon Hai Precision (OTC: HNHPF) -- has signed a memorandum of understanding with start-up electric-vehicle maker Fisker (NYSE: FSR) to partner on a global project.
Wall Street's main indexes were set to open higher on Wednesday as beaten down growth stocks found respite after sliding for six straight sessions, while a rise in Tesla shares aided in a reversal of declines for futures tracking the Nasdaq index.
Apple (NASDAQ: AAPL) supplier Jabil (NYSE: JBL) has gotten off to a tentative start in 2021. Shares of the contract electronics manufacturer have failed to match the incredible rise of the Nasdaq-100 Technology Sector index in the early weeks of the year.However, this slow start
Tesla (NASDAQ: TSLA) became the most valuable automaker in the world in 2020 as its stock soared nearly 750%. At its peak, Tesla was worth over $800 billion.These epic gains came despite the fact that Tesla sells just half a million vehicles a year, compared to around 10 million
Electric-car maker Fisker Inc said on Wednesday it will collaborate with Foxconn on an electric vehicle project and forecast that production would start in the fourth quarter of 2023.
Futures tracking the tech-heavy Nasdaq were muted on Wednesday after sliding for six straight sessions as investors swapped growth-oriented technology shares with stocks that stand to gain the most from an economic rebound.
Apple's (NASDAQ: AAPL) stock price has more than tripled over the past three years, silencing the bears who claimed its best days were over. Its iPhone business remained stable, newer hardware devices like the Apple Watch and AirPods attracted more consumers, and its prisoner-tak
Finland-based telecom equipment giant Nokia (NYSE: NOK) has been in the spotlight this winter. The stock was swept up in the Reddit short-squeeze drama, which pushed Nokia's share prices to nearly 10-year highs that were gone as quickly as they arrived. The episode also generated
India on Wednesday approved a 73.5 billion rupee ($1.02 billion) plan to boost local manufacturing and exports of IT products such as laptops, tablets, personal computers and servers, the technology minister said.
Taiwan's January export orders rose more than expected for the 11th month in a row, boosted by demand for telecommuting products during strict lockdowns worldwide to contain the COVID-19 pandemic.
Taiwan chipmakers are buying water by the truckload for some of their foundries as the island widens restrictions on water supply amid a drought that could exacerbate a chip supply crunch for the global auto industry.
The NASDAQ 100 After Hours Indicator is down -14.14 to 13,180.57. The total After hours volume is currently 70,676,823 shares traded.The following are the most active stocks for the after hours session: Petroleo Brasileiro S.A.- Petrobras (PBR) is +0.04 at $8.51, with 5,833,591
There's little doubt there's been a resurgence in video games since the onset of the pandemic. The industry had an epic run going back more than a decade and was consolidating before the stay-at-home orders and lockdowns breathed new life into the adoption of gaming. With the nex
Wall Street retreated on Tuesday as investors shifted away from mega-cap growth stocks, but the sell-off eased following reassurances from U.S. Federal Reserve Chairman Jerome Powell.
Apple Inc Chief Executive Officer Tim Cook said that the company was planning to increase dividend, CNBC reported on Tuesday, citing the shareholder meeting.
The Nasdaq index fell in volatile trading on Tuesday as investors sold off mega-cap growth stocks on valuation concerns, although Federal Reserve Chairman Jerome Powell's comments on the economy helped ease some selling pressure.