Tesla Stock Is Down Again for a New Reason. Here’s Where It’s Going.

XPeng Stock Tumbles. Something Other Than Earnings Is Leading It Lower.

Shares of the Chinese electric-vehicle maker are tumbling. Other EV makers, including Tesla, are trading lower.

2h ago

Is Tesla Stock A Buy Or A Sell With This Analyst Saying TSLA Is A ‘Table Pounder’?

Tesla stock performance in 2023 is a big question as Elon Musk bets on the Cybertruck and autonomous driving.

1d ago

8 Big Stock Disasters Knock Cathie Wood Off Her Perch

Cathie Wood’s ARK Innovation ETF is having a tough month. And it’s bad enough to spoil what had been an untouchable year.

7h ago

‘The AI Gold Rush Is Just Getting Started’: J.P. Morgan Recommends 2 Tech Stocks That Are Poised to Benefit From the AI Revolution

AI has become the new ‘shiny object,’ attracting investors’ attention. The rush began this past November when OpenAI’s ChatGPT made its debut, demonstrating in the clearest possible way how AI can change the ways computers use the data they collect and the ways we interact with them. The sudden interest in AI has had a spiraling effect. Investors are seeking companies with greater exposure to AI, while tech firms are eager to publicize their own AI links and offerings. Keeping a close watch on t

20h ago

Cash-Strapped Collectors Offload Prized Memorabilia. ‘Literally Like Selling Away My Life.’

Americans built bookcases and shrines to the baseball cards, vinyl records and sneakers they collected through sometimes painstaking efforts. Collectors say they don’t have a choice. “This is literally like selling away my life,” said Mitch Beck, 61 years old, who put his trove of New York Rangers memorabilia up for sale to tackle his growing six-figure debt.

1d ago

XPeng Succumbed To Tesla’s Price War But Rising Deliveries Provide Hints Of Recovery

XPeng Inc (NYSE: XPEV) issued its second quarter report that showed that the price war that Tesla Inc (NASDAQ: TSLA) recently rekindled took a toll on its margins. Upon the report that contained the EV maker’s greatest loss since going public, XPeng’s U.S. shares tanked 7% in pre-market trade. Besides its in-house issues, XPeng is facing intense competition not only from giants like Tesla and its main China rival BYD Company Limited (OTC: BYDDY) but also from other EV startups like Nio Inc (NYSE

3h ago

Bitcoin Calm Shatters With Sudden Tumble, Mass Liquidations

(Bloomberg) — A period of unusual calm in crypto markets ended abruptly this week as the notion of higher-for-longer interest rates sparked a selloff in risk assets like Bitcoin, leading to mass liquidations of bullish bets.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateUS Equities Remain in Retreat as Bonds Rebound: Markets WrapChina’s Hidden Financial Dangers Erupt With Shadow Bank CrisisBitc

5h ago

Dow Jones Flat, Nasdaq Pares Losses As Buyers Push Nvidia Off Lows; Bitcoin Crashes On This News

The Dow Jones Industrial Average held up relatively well in the early going Friday, but sellers hit technology stocks again.

2h ago

‘When I See a Bubble Forming, I Rush in to Buy’: George Soros Snaps Up These 2 Buy-Rated Stocks

While the summer months are proving to be less lucrative for stock market participants, the overall trend this year has been up. The reason for the rally has been primarily down to AI hype, with various cultural commentators predicting this tech’s impact could be as big as that of the Industrial Revolution. But not all are quite as hyperbolic. There are grumblings on Wall Street that we are now entering an AI-driven bubble, with some prominent market watchers claiming the rally might not be sust

8h ago

Americans will run out of pandemic savings next month, Fed warns

Americans will burn through all their pandemic savings by the end of September, according to estimates by the Federal Reserve.

1d ago

Goldman Sachs no longer expects US home prices to decline in 2023

Goldman Sachs analysts expect home prices to increase 1.8% this year.

7h ago

Cracks Deepen for America’s Biggest Hospital Landlord: Struggling Tenants, a Bailout on Hold

A California regulator has halted a plan for Medical Properties Trust to take a stake in a struggling hospital chain’s business.

6h ago

XPeng Earnings Miss But Its Tesla Model Y Rival In China Is ‘Turbocharging’ Sales

The XPeng earnings report showed a wider-than-expected loss in Q2. The EV startup sees deliveries jumping in Q3, but the stock is tumbling.

10m ago

Billionaire Steve Cohen Loads Up on These 2 ‘Strong Buy’ Penny Stocks — Here’s Why Wall Street Sees Over 500% Upside Potential

There are two sides to every coin. For penny stocks, or tickers that trade for less than $5 per share, this rings especially true. As some of the most divisive names on the Street, they are either met with resounding praise or forceful discontent. Going beyond the argument that you get more for your money, even minor price appreciation can result in massive percentage gains. However, some investors prefer to avoid these stocks entirely, as the fact that shares are trading at such depressed level

1d ago

Vietnam Tycoon Loses $18 Billion After EV Maker’s Shares Sink

(Bloomberg) — After an astronomical rise in its first day of trading, VinFast Auto Ltd. is now coming back to Earth — erasing a chunk of its billionaire founder’s fortune.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateUS Equities Remain in Retreat as Bonds Rebound: Markets WrapChina’s Hidden Financial Dangers Erupt With Shadow Bank CrisisBitcoin Calm Shatters With Sudden Tumble, Mass Liquidatio

5h ago

Apple iPhone 15 Is Coming. Here’s What to Expect.

The latest Apple iPhone models are expected to include relatively modest upgrades, but bulls still expect strong demand.

4h ago

‘Starting With Nothing Is Where The Big Bucks Are Made’ – Mark Cuban Says The Best Way To Start A Business Is With As Little Money As Possible

According to billionaire entrepreneur Mark Cuban, taking a different approach when launching a business can lead to more success than relying on raising capital. During a recent Southby Southwest (SXSW) panel discussion, Cuban emphasized the value of starting a business “with as little money as possible” and bootstrapping it as much as you can. In the session titled Unleashing the Entrepreneur In Everybody, Cuban provided some insight on raising capital. Don’t Miss: The biggest disruption to sma

Deere Earnings Smash Wall Street Estimates. Here’s Why the Stock Is Falling.

Deere crushed Wall Street’s earnings estimates and increased fiscal-year financial guidance. Current results were great, but investors are worried about whether the current phase of rising demand for agricultural equipment is over. For its fiscal third quarter that ended in June, Deere (ticker: DE) reported earnings per share of $10.20 from equipment sales of $14.3 billion.

1h ago