German police believe a letter by a far-left group claiming responsibility for an arson attack that forced Tesla's European Gigafactory to shut down is authentic, a spokesperson for police in the state of Brandenburg said on Wednesday.
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U.S. stock index futures rose on Wednesday as investors await testimony by Federal Reserve Chair Jerome Powell before Congress that could help determine the central bank's monetary policy path.
It's been another banner start to the year for Wall Street. After oscillating between bear and bull markets in successive years since this decade began, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all climbed to record highs in 2024.
The European Commission will start customs registration of Chinese electric vehicle (EV) imports on Thursday, meaning they could be hit by tariffs from that point if the EU's trade investigation later concludes that they are receiving unfair subsidies.
Chinese automaker BYD on Wednesday added fuel to the flames of a brutal price war in China by cutting the price of its cheapest electric car, the Seagull, by 5%.
For obvious reasons, auto companies depend heavily on production for their success. So it was entirely understandable that investors would react negatively to a suspected case of arson near the site of one of Tesla's (NASDAQ: TSLA) sprawling "gigafactories."
ChatGPT maker OpenAI on Tuesday refuted Elon Musk's claims that the startup abandoned its original mission to develop artificial intelligence for the benefit of humanity and not for profit.
BYD and other Chinese automakers are bringing new electric car models in droves to Australia, a market where they haven't faced trade barriers and sales have surged due to EV subsidies and tax benefits as well as high gasoline prices.
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -1.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.80%. Stock indexes retreated Tuesday, with the S&P 500, Dow Jones Industrials, and Nasdaq...
Wall Street three major indexes all retreated more than 1% on Tuesday, with weakness in megacap growth companies such as Apple Inc and the chip sector weighing most on the Nasdaq ahead of this week's crop of economic data and remarks from Federal Reserve Chair Jerome Powell.
Tech stocks were sharply lower late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) both down around 2.4%.
Wall Street indexes closed lower on Tuesday, with weakness in megacap growth companies such as Apple Inc and the chip sector weighing on the Nasdaq ahead of this week's crop of economic data and remarks from Federal Reserve Chair Jerome Powell.
BYD and other Chinese automakers are bringing new electric car models in droves to Australia, a market where they haven't faced trade barriers and sales have surged due to EV subsidies and tax benefits as well as high gasoline prices.
(RTTNews) - EV giant Tesla Inc. (TSLA) was forced to halt production at its Gigafactory near Berlin due to a suspected arson attack at a nearby power substation.
As the market rallies day after day, and valuations in the leading stocks begin to look stretched, picking up companies with discount valuations can ease the nerves. Investors who buy stocks trading below historic valuations enjoy
A federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support for the use of child labor in cobalt mining operations in the Democratic Republic of the Congo.
The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.87%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.77%. Stock indexes this morning are moderately lower on weakness in technology stocks. Some...
A federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support for the use of child labor in cobalt mining operations in the Democratic Republic of the Congo.