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Consumer Spending Shifts for 2H23: Services Cruising Through

3 years 3 months ago
Consumer spending has softened over the past few months. And many companies that depend on consumer spending — particularly those in the apparel and accessories industry — are forecasting a continued softening in the consumer in the second half of 2023. Despite strong brand recognition, companies like Levi’s (LEVI) and Nike (NKE) are among the [...] Read more at ETFtrends.com.

3 Red Flags For Lucid's Future

3 years 3 months ago
Lucid (NASDAQ: LCID) was once a hot electric vehicle (EV) company, but it's run into a number of challenges. Production isn't improving very quickly, cash is being burned at an unsustainable rate, and competition is getting stronger. Travis Hoium highlights the company's biggest

Could Rivian See a 122% Year-to-Date Rally Like Tesla?

3 years 3 months ago
For those who have some interest in investing in the automotive industry, there are some intriguing long-term trends now underway that have real potential to boost a stock portfolio. One obvious trend involves electric vehicles (EVs) and it began largely on interest in Tesla (NAS

Unusual Put Option Trade in Tesla (TSLA) Worth $2,628.00K

3 years 3 months ago
On July 12, 2023 at 12:09:49 ET an unusually large $2,628.00K block of Put contracts in Tesla (TSLA) was bought, with a strike price of $305.00 / share, expiring in 2 day(s) (on July 14, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.52

Elon Musk launches artificial intelligence firm xAI

3 years 3 months ago
Billionaire Elon Musk's xAI on Wednesday announced the formation of the artificial intelligence (AI) startup with the launch of its website, unveiling a team made up of engineers who have worked at companies from Alphabet-owned Google to Microsoft and OpenAI.
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