QQQ, up 52% in 2023, is on pace for its best year since 2009, and I assert that taking profits before year-end could be the right move. Read more here...
Continue ReadingElon Musk is spending $100m (£80m) to set up schools and a university in Texas as the world’s richest man complains of a “meaningful degradation” in the skills of graduates...
Continue ReadingCarmaker looks to beef up its Nordic lobbying efforts as operations in the region feel the impact of spreading strikes...
Continue ReadingAfter locking horns with striking workers at Tesla in Sweden, Elon Musk will soon be coming up against an even more formidable force. Europe’s largest union is preparing to fight the billionaire X site owner for power at Tesla’s plant in Germany. “You need to be careful — the rules of the game are different here,” IG Metall’s newly elected boss Christiane Benner warned Musk in October, evoking a transatlantic clash of ideals...
Continue ReadingTesla has been busy working hard to reach its deliveries goal of 1.8 million vehicles in 2023. The Austin, Texas, electric vehicle maker saw its third quarter deliveries fall below market estimates, prompting Elon Musk's company in early October to lower the list price of the Model 3 from $40,240 to $38,990 and its industry leading seller Model Y from $47,740 to $43,990. Tesla also has counted on $7,500 federal tax credits to entice EV buyers to buy its vehicles so it could reach its delivery goals...
Continue ReadingThe Dow hit a record high Wednesday as the Fed forecast three rate cuts in 2024. Markets are even more dovish. Adobe fell late on guidance...
Continue ReadingNews that the credit will vanish for some Tesla vehicles hit the stock on a day when it was already under pressure from a recall...
Continue ReadingThe Dow Jones rallied as Fed Chair Powell and the FOMC served up good news. Tesla stock rose despite a recall while Netflix is near an entry...
Continue ReadingTheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Wednesday, December 13th. The Dow closed up over 500 points, the Nasdaq closed up 1.3 percent, and the S&P also closed 1.3 percent higher. This comes after the Federal Reserve left interest rates unchanged for the fifth straight month, a move that was highly expected by Wall Street...
Continue ReadingAt the beginning of this year, I wrote an article about stocks to avoid in 2023. Find out how well I did with my predictions versus the S&P 500...
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