World shares struggled on Tuesday as a rally in commodity-related assets gave in to pressure on heavily weighed tech stocks and investors awaited reassurance from U.S. Federal Reserve Chair Jerome Powell on the path for monetary policy in United States.
Almost a year from the start of the pandemic, the stock market (as measured by the S&P 500) is up 18%. At all-time highs with the pandemic still going on, a crash must be imminent, right? Probably not. We're due for a bout of volatility, but the market's behavior in the last
Shares in Tesla were set to plunge into the red for the year on Tuesday, hit by a broad selloff of high-flying technology stocks and the fall of bitcoin, in which the electric carmaker recently invested $1.5 billion.
Optimism about the economic outlook pushed commodity prices to new highs on Tuesday, helping stocks steady as expectations of a dovish testimony by Federal Reserve Chairman Jerome Powell calmed down bond yields.
South Korean automaker Hyundai Motor Co launched its Ioniq 5 midsize crossover on Tuesday, the first in a planned family of electric vehicles (EV) that it hopes will propel it into the third rank of global EV makers by 2025.
Asian shares rebounded from two-week lows on Tuesday as rising commodity prices boosted market expectations of an improved growth outlook, a day after rising U.S. Treasury yields and inflation prospects hit U.S. tech shares.
Bitcoin dropped below $50,000 on Tuesday, as investors began to get a little nervous about the digital currency's lofty valuation and some leveraged players took profit.
Asian stocks rebounded from two-week lows struck on Tuesday as rising commodity prices boosted market expectations of an improved growth outlook, a day after rising U.S. Treasury yields and inflation prospects hit U.S. tech shares.
Asian stocks dipped on Tuesday as rising U.S. Treasury yields and inflation prospects led to a further rotation out of the big tech stocks responsible for a major Wall Street rally during the pandemic.
Luxury electric-vehicle (EV) maker Lucid Motors is finally going public. After a month of speculation that special purpose acquisition company (SPAC) Churchill Capital IV (NYSE: CCIV) would merge with the promising EV company, it has come to pass. The transaction values the combi
Lucid Motors on Monday agreed to go public by merging with Churchill Capital IV Corp, a blank-check firm backed by Wall Street dealmaker and former Citigroup banker Michael Klein, in a deal that valued the combined company at $11.75 billion.
The stock market was largely down on Monday, although not all of the major market benchmarks reflected those declines. The Dow Jones Industrial Average (DJINDICES: ^DJI) actually gained ground on the day, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) plunged. Losses in the S&am
The S&P 500 and Nasdaq closed lower on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies.
The final week of February is off to a rocky start, as investors remain concerned about the rise in bond yields. The Dow managed to reverse earlier losses to add roughly 27 points, but the S&P 500 settled lower for its fifth consecutive loss. Meanwhile, the tech-heavy Nasda
Global stock markets fell on Monday as expectations of faster growth and quickening inflation battered bonds, boosted commodities and led to a further rotation out of the big tech names that have driven the equity rally during the pandemic.
Do You Have These Top EV Stocks On Your Watchlist? Like it or not, electric vehicles (EV) are rising up to become the next face of the automotive industry. As such, some of the top EV stocks now have skyrocketed at breakneck speeds. It seems that companies are
The S&P 500 and Nasdaq closed lower on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies.
After Tesla’s (TSLA) much-publicized investment in the world’s number-one decentralized cryptocurrency, BlackRock Capital (BLK), the world’s largest asset manager, revealed its own investment into bitcoin (BTC).
The S&P 500 and Nasdaq fell on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies.
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