Tesla CEO Elon Musk stole the show when he unveiled details about the company’s innovative Cybertruck in Austin, Texas, just a day after his eccentric appearance at the DealBook Summit in New York where he claimed, “It will be the biggest product launch of anything by far on Earth this year.” In a dimly lit …
Apple’s impressive stock price over the last couple of decades has been propelled by its groundbreaking consumer tech, beginning with the iPod and iMac, then progressing to the iPhone and iPad, and more recently to the Apple Watch and AirPods. But beyond the iconic gadgets, Apple is harnessing its technological expertise to design custom chips …
(Bloomberg) — Survey results from Bloomberg’s new Markets Live Pulse show that the recent selloff in green stocks is expected to continue into 2024, marking a fourth consecutive year of losses. Negative sentiment is predicted to impact a wider range of green asset classes, with Tesla Inc. at risk of losing its position among the …
Ford Motor Company is scaling back its $3.5 billion battery plant plans in Michigan as the shift to electric vehicles is slower than expected. This is partly due to rising labor costs and efforts to cut expenses. The decision comes after initial announcements in February to partner with Chinese battery manufacturer Contemporary Amperex Technology Co., …
\ Stock Market Update 31 Mins Ago A recent market divergence could spell turbulence for stocks, warns BTIG. BTIG has highlighted a unique technical signal that could indicate a pullback for stocks. Specifically, the Nasdaq 100 closed less than 5% below a 52-week high, while the Russell 2000 closed less than 5% above a 52-week …
CNBC’s Jim Cramer believes in the potential of the “Magnificent Seven” tech stocks and thinks investors who sold after recent dips may regret their decision. Cramer emphasizes that you shouldn’t panic and follow the herd just because everyone else is selling, especially when it comes to high-quality stocks. CNBC’s Jim Cramer stands by his “Magnificent …
Check out the Companies Making Headlines in Midday Trading Here are the latest updates on the companies that are making waves in midday trading: SoFi Technologies Shares of SoFi Technologies have been see-sawing as traders analyze the company’s latest quarterly results. SoFi reported a massive revenue beat for the third quarter and raised its outlook …
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. Michael M. Santiago | Getty Images Stocks experienced a modest slide on Thursday as investors on Wall Street analyzed remarks made by Federal Reserve Chair Jerome Powell while keeping an eye on a …
Elon Musk, CEO of Tesla, speaks with CNBC on May 16, 2023. David A. Grogan | CNBC Tesla released its third-quarter results after trading hours on Wednesday. Following the release, the stock initially rose by 2.4%, but later dropped by over 4% as CEO Elon Musk expressed caution regarding the profitability timeline of the Cybertruck …
Apple iPhone supplier Foxconn, also known as Hon Hai, has revealed its semiconductor strategy, focusing on producing “specialty chips” instead of competing in cutting-edge chip technology. Chiang Shang-Yi, the chief strategy officer for semiconductor at Hon Hai, stated that the company does not chase after the most advanced technology, but rather focuses on specialty technology …