The stock market had a strong day on Thursday, as investors were generally pleased with the pace of the economic recovery even with some mixed data on gross domestic product and employment. As of 1:30 p.m. EDT, the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose about half a percent,
Trevor Milton, the billionaire founder and former chief executive of Nikola Corp, was criminally charged on Thursday with defrauding investors by lying to them about the electric- and hydrogen-powered truck maker.
Investors in Tesla Inc (Symbol: TSLA) saw new options begin trading today, for the September 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TSLA options chain for the new September 10th contracts and identified one put and one cal
The iShares ESG MSCI USA Leaders ETF is seeing unusually high volume in afternoon trading Thursday, with over 753,000 shares traded versus three month average volume of about 31,000. Shares of SUSL were up about 0.5% on the day.
The S&P 500 and the Dow indexes scaled record highs on Thursday as a slate of strong corporate earnings reports and data showing a pickup in U.S. economic growth reinforced confidence in a post-pandemic recovery.
What happened
Shares of Tesla (NASDAQ: TSLA), the electric car kingpin, soared 5% through 11:30 a.m. EDT Thursday, bouncing back from a post-earnings sell-off in the stock.
Value investors are always on the hunt for inexpensive stocks tied to fantastic businesses. Ideally, they want to see massive cash-generation prospects for the foreseeable future, to the point where many investors underestimate the upcoming cash profits. That combination of facto
Italy-based Brembo, maker of brake systems for carmakers including Ferrari, raised its full-year guidance on Thursday after posting a near 90% increase in core earnings for the first half of 2021.
According to Tesla’s Q2 earnings presentation earlier this week, the company, which currently holds $1.3 billion in bitcoin, has not bought or sold any digital assets this quarter. Tesla (TSLA) initially purchased $1.5 billion in bitcoin back in February, selling off 10% during Q1. Tesla CEO Elon Musk said the sale was to prove that [...] Read more at ETFtrends.com.
Perhaps no assets captivated investors' attention this year more than Dogecoin (CRYPTO: DOGE) and SafeMoon (CRYPTO: SAFEMOON). In the past 12 months, Dogcoin is up a stunning 6,100%, while SafeMoon shot up a staggering 647,300% since its inception on March 9, 2021. Even a small i
Growth companies frequently spend profits to expand their market share, but when a more mature company posts a loss, investors take note. Axon Enterprise (NASDAQ: AXON), founded in 1993, has been riding a wave of growth driven by the subscription revenue from its software and sen
A rebound in growth stocks over the last month is doing little to bolster the performance of Cathie Wood's ARK Innovation ETF, which has lagged this year after outperforming all other U.S. equity funds in 2020.
China's CATL on Thursday became the first major automotive battery maker to unveil a sodium-ion battery, saying it planned to set up a supply chain for the new technology in 2023.
LG Chem Ltd posted a four-fold surge in second-quarter profit that trumped market expectations, helped by settlement payments from legal disputes with its rival SK Innovation Co Ltd that were resolved in April.
Panasonic Corp said first-quarter operating profit surged more than 27 times, handily beating expectations as demand for home appliances and automotive batteries recovered from a particularly weak COVID-hit year.
South Korea's LG Chem Ltd posted a second-quarter profit that beat market expectations, helped by settlement money from legal disputes between its rival SK Innovation Co Ltd that ended in April.
Panasonic Corp reported on Thursday a jump in its first-quarter operating profit as demand recovered for a wide range of products such as home appliances to automotive batteries.
STMicroelectronics posted a better-than-expected second-quarter revenue on Thursday, as the Franco-Italian chipmaker benefited from strong demand for its chips used in smartphones to cars, and forecast an upbeat current quarter.
A rebound in growth stocks over the last month is doing little to bolster the performance of Cathie Wood's ARK Innovation ETF, which has lagged this year after outperforming all other U.S. equity funds in 2020.