Wall Street was mixed on Monday, with economically sensitive cyclical shares advancing as investors shifted their bets in favor of stocks that stand to benefit most as the economy reopens and the consumer, flush with stimulus and savings, brings demand roaring back to life.
The National Transportation Safety Board (NTSB) said testing showed Autopilot could not have been functioning in an April 17 Tesla Model S fatal crash in Texas that local police had said they believed occurred with no one in the driver's seat, according to a preliminary report released Monday.
They say bull markets climb a wall of worry. And with stocks setting record highs seemingly every other day, it's understandable if some investors are feeling a bit jittery.
What happenedShares of XL Fleet (NYSE: XL) dipped 24.3% in April, according to data from S&P Global Market Intelligence. The vehicle electrification company had some good news to announce in the month, but volatility in the overall electric vehicle (EV) space weighed on its s
What happenedShares of electric car titan Tesla (NASDAQ: TSLA) had tumbled 4.1% by noon EDT on Monday on a bevy of news reports that were at least tangentially related to the stock.
The Dow Jones Industrial Average hit a record high on Monday on hopes that interest rates would remain lower for longer, while the S&P 500 was subdued as a slide in technology shares offset a surge in commodity-linked energy and material stocks.
Ford Motor Company (NYSE: F) said that its upcoming electric pickup truck will take a name from its past -- "F-150 Lightning" -- and that it will be fully revealed at a live-streamed event on May 19.Ford's much-anticipated electric F-150 is expected to go head-to-head with electr
Italian premium brakes maker Brembo aims for full-year revenue to grow around 15% and margins on core earnings to come in at between 18.5% and 19% this year after posting strong first quarter results, its executive deputy chairman said on Monday.
The Dow Jones Industrial Average hit a record high on Monday on hopes that interest rates would remain lower for longer, while the S&P 500 was subdued as a slide in technology shares offset a surge in commodity-linked energy and material stocks.
The S&P 500 and the Dow were set to open at record highs on Monday as optimism that interest rates would remain lower for longer lingered, while a surge in commodity prices lifted shares of miners, energy and steel companies.
LONDON (Reuters Breakingviews) - Henry Ford left little to chance. To ensure raw materials reached his slick new production lines, the U.S. automobile pioneer owned everything from coal mines in West Virginia to rubber plantations in Brazil. It&
Italian premium brakes maker Brembo on Monday posted a 33% rise in first-quarter core earnings, helped by a robust recovery across its businesses and markets where it operates, pushing shares up more than 3%.
Some Toyota Motor shareholders have criticized its President Akio Toyoda for questioning Japan's plans to ban conventional cars only days after the firm said it was reviewing its climate lobbying and aimed for carbon neutrality by 2050.
Workhorse Group (NASDAQ: WKHS) – an electric vehicle player focused on delivery vehicles – has seen its stock price decline by about 8% over the last week (five trading days), compared to the S&P 500 which has remained roughly flat. While there hasn’t been t
Panasonic Corp expects operating profit to jump by a almost a third this business year as economies worldwide rebound from coronavirus lockdown slumps, the company said on Monday.
Panasonic Corp on Monday posted a fourth-quarter operating profit of 31.8 billion yen ($292.09 million), down 40% from a profit of 53.1 billion yen a year ago.
After weeks of COVID-19 lockdowns, a reopening of European economies is close, and boosting sentiment. Tuesday's German ZEW sentiment survey could confirm a brightening outlook.
Cryptocurrency ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although some analysts said it was overvalued at current levels.
SpaceX will launch the "DOGE-1 Mission to the Moon" in the first quarter of next year, with Elon Musk's commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.
Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a 'hustle' during his guest-host spot on the "Saturday Night Live" comedy sketch TV show.