Rivian in difficult situation: Production stoppages and management restructuring hurt the share – Rivian Automotive (NASDAQ:RIVN)
Rivian Automotive Inc‘S RIVN The stock is under heavy pressure and has fallen by 38.32% since the beginning of the year. The bumpy ride of the electric vehicle maker is not only evident on the road but also in the…
Asia mixed, European markets up; Gold steady near all-time high, dollar gains – Global markets today while the US slept – SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)
On Wednesday, August 21, U.S. stocks closed higher in cautious trading as investors digested a payroll revision and Federal Reserve minutes, cementing expectations for a September rate cut. The upcoming Jackson Hole symposium is adding to market expectations. Turning to…
Asia mixed, European markets gain; Gold remains near all-time high as dollar gains – Global markets today while the US slept – SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)
U.S. stock markets closed lower on Tuesday, August 20. The S&P 500, Nasdaq and Dow all posted slight losses, ending an eight-day winning streak. This decline comes as investors take a cautious pause ahead of the Jackson Hole Economic Symposium,…
Palantir co-founder Peter Thiel says Gavin Newsom’s California “doesn’t work” from a government perspective: “You have a crazy religion, ‘wokeism’ in California and Wahhabism in Saudi Arabia”
California is unattractive for Palantir co-founders and venture capitalists Peter Thielwho finds many parallels between the Golden State and Saudi Arabia. What happened: Californians have no choice and people on the margins of society are leaving the state, but it…
Why Apple is investing billions of dollars in a project that won’t pay off in the short term: Gurman speaks out – Apple (NASDAQ:AAPL), Qualcomm (NASDAQ:QCOM)
Apple, Inc. AAPL continues to spend money on a project that may not generate returns commensurate with the investment in the near future, according to Bloomberg’s Mark Gurman said on Sunday. Long-term focus: Apple is taking a long-term view with…
Apple’s desktop robot: The future of home technology or a potential misstep? – Apple (NASDAQ:AAPL)
Apple Inc. is reportedly developing a new product: a tabletop robot. Industry analysts consider this move a big gamble. What happened: As Business Insider reports, rumors about new Apple hardware have been circulating for months. The technology giant now seems…
Lucid CEO Peter Rawlinson says its EV technology is 8 years ahead of Elon Musk’s Tesla – Lucid Gr (NASDAQ:LCID)
Lucid Group LCID Managing Director Peter Rawlinson has not hesitated to praise his company’s technology and its superiority over rival electric vehicle manufacturers. Rawlinson has new comments that could spark a debate among electric car manufacturers. What happened: In recent…
Nasdaq 100 posts best 6-day gain since late 2022 as traders ride bull market wave: Tech stocks on the move Thursday – Cisco Systems (NASDAQ:CSCO), Kraft Heinz (NASDAQ:KHC)
The technology-heavy Nasdaq 100, tracked by the Invesco QQQ Trust, Series 1 QQQclosed 2.5% higher on Thursday, marking its sixth consecutive positive session and a strong recovery after the index entered a correction zone due to the sell-off earlier in…
Asia up, Europe mixed; Oil price rises and gold steady near all-time highs – Global markets today while the US slept – SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)
U.S. stock markets closed higher on Wednesday, August 14, with the S&P 500 extending its winning streak to five sessions, helped by inflation data that pointed to possible rate cuts from the Federal Reserve, while the Nasdaq also rose slightly…
The profit boom extends beyond the big technology companies into the American economy
The current quarterly reporting season is seeing a long-awaited recovery among companies that were previously overshadowed by the AI boom. What happened: A shift in earnings growth within the S&P 500 Index. The Magnificent Seven, a group of seven large…
