The U.S. International Trade Commission (ITC) on Wednesday sided with South Korea's chemicals and electric vehicle (EV) battery maker LG Chem Ltd, which accused its cross-town rival SK Innovation Co Ltd of misappropriating trade secrets related to EV battery technology.
Like many others in his industry, Geely Chairman Li Shifu has been irked by skyrocketing valuations for electric car manufacturers such as Tesla Inc and Nio Inc, sources at the Chinese automaker say.
Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.
The S&P 500 and the Nasdaq edged slightly lower on Wednesday as big tech stocks slid amid an ongoing rotation of portfolio holdings that gave a boost to energy shares and kept the overall market near record highs.
The S&P 500 and the Nasdaq ended slightly lower on Wednesday dragged down by financial shares and the continuing sell-off in some big tech stocks even as energy shares rose.
Australian shares were poised to open lower on Thursday with tech stocks expected to drag, as major indexes on Wall Street slipped from record levels in the overnight session.
The S&P 500 and the Nasdaq edged slightly lower from record levels on Wednesday as energy and financials rose but some big tech stocks limited gains amid an ongoing rotation of portfolio holdings.
The S&P 500 and the Nasdaq edged slightly higher after slipping from record levels in volatile trading on Wednesday, as energy and financials rose but some big tech stocks limited those gains amid an ongoing rotation of portfolio holdings.
Facebook Inc is building a new audio chat product similar to audio-based social network Clubhouse, the New York Times reported on Wednesday, citing people familiar with the matter.
The COVID-19 pandemic has added urgency to the Bank of Canada's development of a digital currency and a decision could come sooner than previously thought, a senior policymaker said on Wednesday, though he noted that a launch was not a "foregone conclusion."
The S&P 500 and the Nasdaq slipped from record levels in volatile trading on Wednesday as Reddit forum turned their focus to cannabis stocks while investors looked to a speech by Federal Reserve Chair Jerome Powell in the afternoon.
Some investors may be skittish about embracing the Tesla shares at current market levels. That concern, though reasonable, can be buffered by using an exchange traded fund proxy for Tesla stock. The ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ) is a strong idea to consider as an ETF with one of the largest allocations [...] Read more at ETFtrends.com.
What happenedShares of electric-car maker Tesla (NASDAQ: TSLA) dropped nearly 6% in early trading on Wednesday in response to a Bloomberg report last night that upstart e-car rival Rivian is preparing for an IPO.
Wall Street's main indexes slipped from record levels on Wednesday as investors digested recent gains while awaiting a speech by Federal Reserve Chair Jerome Powell for clues on the pace of an economic rebound.
Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker's backing of bitcoin this week could turbo-charge global use of a currency that's estimated to cause more pollution than a small country every year.
QuantumScape (NYSE: QS), a startup developing solid-state batteries for electric vehicles, has seen its stock price decline by almost 30% over the last month. So what’s driving the sell-off? Firstly, analysts haven’t exactly been positive on QuantumScape, assigning
Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla's $1.5 billion bet on the soaring digital currency.
General Motors Co is expected to report a healthy fourth-quarter profit on Wednesday thanks to strong demand for gas-burning pickup trucks and SUVs, but the company's future electric vehicles are now driving the stock, shareholders and analysts said.
On Tuesday, SpaceX's Starlink began taking pre-orders for its satellite broadband internet service. This moves the service from the beta stage to the point where it is open and generally available to the public.Users wanting to sign up for the service can do so through the Starli
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