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Tesla Stock Booked Its Second-Best Day Gain Ever. Here's Why Analysts Cut Price Targets...
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Tech giant Apple chartered cargo flights to ferry 600 tons of iPhones, or as many as 1.5 million, to the United States from India, after it stepped up production there in an effort to beat President Donald Trump's tariffs, sources told Reuters. The details of the push provide an insight into the U.S. smartphone company's private strategy to navigate around the Trump tariffs and build up inventory of its popular iPhones in the United States, one of its biggest markets...
Continue Reading(Bloomberg) -- As US stocks staged a chart-busting rally on Wednesday after President Donald Trump’s about-face in his trade policy, one group of investors had an especially sweet victory. Retail traders — who kept buying shares even when benchmark indexes tumbled and institutional investors fled — notched a 17% gain on Wednesday. That helped them nearly break even for the year, according to data from Emma Wu, JPMorgan Chase & Co.’s global quantitative and derivatives strategist. The S&P 500 Ind...
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The stock market has crashed, but that hasn't prompted famous investor Cathie Wood to flee. Instead, the chief executive officer of Ark Invest is shopping for bargains as many innovators -- the type of companies she favors -- have seen their valuations plunge. Wood is known for going against the crowd and making long-term bets on potential future winners...
Continue ReadingNvidia rules the AI chip market. Here’s what Amazon’s CEO wants to do about that...
Continue ReadingThe Nasdaq-100 and Nasdaq Composite indexes have officially entered bear market territory, down by more than 20% from their all-time highs. Many of their component stocks are down even more than that, including technology giant Alphabet (NASDAQ: GOOG), which is trading 29% below its peak as of this writing. The company that owns Google, YouTube, and Android has been on a roller-coaster ride ever since OpenAI's ChatGPT went viral over two years ago, and at the moment, the track is sloping downward...
Continue ReadingThe automotive industry is highly loyal, and one of the biggest challenges is "conquesting" consumers, which is simply one brand taking a customer from another. Since Tesla (NASDAQ: TSLA) vehicles hit the roads, the company has thoroughly dominated the U.S. market in sales volumes, but a recent backlash against the once unflappable brand may have sent consumers fleeing to a competitor you might not expect: Lucid (NASDAQ: LCID). Lucid's interim CEO made some very intriguing comments recently, and investors should take note of them...
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