We take a break from economic reports this morning — the May CPI report comes out Friday, with expectations of +8.2% year over year price inflation — but see a few events happening among publicly traded companies to start a new week of trading. Pre-market futures are buoy
U.S. stock indexes on Monday regained some ground lost last week as investors bought into heavyweights Apple and Amazon.com, while Twitter dropped after Elon Musk threatened to walk away from his $44 billion buyout deal.
Monday, June 6, 2022We take a break from economic reports this morning — the May CPI report comes out Friday, with expectations of +8.2% year over year price inflation — but see a few events happening among publicly traded companies to start a new week of trading. Pre-mar
There's no question the $4 trillion energy sector has been home to the best performing stocks on the market recently. Over the past year, energy stocks have gained 72% on average while the next closest sector, utilities, rose less than 15%. In comparison, the broad market S&P
Shares of Tesla, Inc. TSLA plummeted 9.2% after its CEO Elon Musk asked company executives to “pause all global hiring” and ordered a 10% cut in overall employee headcount.RH’s RH shares gained 0.9% after the company reported first-quarter fiscal 2022 earnings of $7.78 pe
Elon Musk warned he may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, the billionaire said in a letter to the company on Monday.
If you are new to investing, you may find market corrections scary. However, these can be perfect opportunities to buy stocks that otherwise look expensive. As of this writing, the Nasdaq Composite Index has corrected roughly 21% this year.
Elon Musk has asked Twitter Inc for data and information on spam and fake accounts in order to complete his $44 billion acquisition of the social media network, the billionaire said in a letter to the company on Monday.
Wall Street was set to open higher on Monday after a drop last week, with U.S.-listed shares of Chinese technology companies rallying on optimism around easing regulatory crackdowns and relaxing COVID-19 curbs in the world's second-largest economy.
Market corrections offer great opportunities to buy top stocks at bargain prices. Yet investors need to do their research, as not all stocks that have fallen are buys. There are genuine concerns behind the steep fall of some stocks.
Wall Street futures bounced on Monday, with U.S.-listed shares of Chinese technology companies leading the gains on optimism around easing regulatory crackdowns and relaxing COVID-19 curbs in the world's second-largest economy.
U.S. stock index futures bounced on Monday, as a report of Beijing regulators concluding a year-long probe into Didi Global added to optimism about easing COVID-19 curbs in the country, lifting shares of other NY-listed China stocks.
What happened
Developing new, solid-state battery technology for the electric-vehicle industry isn't easy, but QuantumScape (NYSE: QS) continues to make progress. The company updated investors with its first-quarter results in the last week of April. While it continued to show st
A rally that lifted U.S. stocks from the brink of a bear market faces an important test next week, when consumer price data offers insight on how much more the Federal Reserve will need to do in its battle against the worst inflation in decades.
Tesla Inc Chief Executive Elon Musk said on Saturday that the electric vehicle maker's total headcount will increase over the next 12 months, but the number of salaried staff should be little changed, backtracking from an email just two days ago saying that job cuts of 10% were needed.
What happened
There's been no shortage of news surrounding EV juggernaut Tesla (NASDAQ: TSLA) over the past month. Several of those news items help explain why the stock dropped 12.9% in May, according to data provided by S&P Global Market Intelligence.
Shares of Tesla (NASDAQ: TSLA) were slammed on Friday, falling more than 9%. The growth stock's slide came as Tesla CEO Elon Musk expressed concerns about the economy in an email to employees, according to Reuters. In addition, Musk said the electric car company plans to cut abou
Wall Street's three major stock indexes ended lower on Friday after a solid jobs report ate in to hopes for a pause in the Federal Reserve's aggressive policy-tightening which is needed to cool decades-high inflation.
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