Tesla (TSLA (opens in new tab), $242.40) reported its third-quarter production and delivery numbers this past Sunday. Investors were disappointed by the figures, and TSLA stock lost more than 8% in Monday trading. How bad were they? They weren’t all that bad. In fact, they were record-setting, with total production of 365,923, up 54% over… Continue reading Tesla Deliveries Miss Estimates. Is the EV Market at Risk?
Kim Kardashian’s $1.3 Million Crypto Fine Is a Warning to Investors
Kim Kardashian, the reality TV star, paid $1.26 million to settle charges related to her online promotion of the EthereumMax digital token, the U.S. Securities and Exchange Commission said Monday. Kardashian failed to disclose a $250,000 payment to post on her Instagram account about EMAX tokens, the digital asset associated with EthereumMax (a crypto project… Continue reading Kim Kardashian’s $1.3 Million Crypto Fine Is a Warning to Investors
October is often grim for stocks but it’s also historically been a ‘bear market killer’ – and it could happen again as the 4th quarter kicks off with a blistering rally
October could serve as a “bear market killer” for the US stock market, said Carson Wealth in a note. Of the past 17 bear – or near bear markets – stocks have bottomed in October six times. Markets are entering another strong season: the period after a midterm election. Loading Something is loading. US stocks… Continue reading October is often grim for stocks but it’s also historically been a ‘bear market killer’ – and it could happen again as the 4th quarter kicks off with a blistering rally
Dow soars 800 points as stocks extend massive rally on fresh hopes for less hawkish central banks
Brian Evans US stocks have rallied sharply since June. ANGELA WEISS/Getty Images The Dow soared 800 points, and the Nasdaq jumped 3% Tuesday as stocks capped their best two-day rally since 2020. A drop in US job openings and a smaller-than-expected rate hike from the Reserve Bank of Australia helped fuel the bullishness. Twitter stock… Continue reading Dow soars 800 points as stocks extend massive rally on fresh hopes for less hawkish central banks
Twitter soars 23% on report that Elon Musk is proposing to move forward with his $44 billion takeover
Twitter soared 23% on Tuesday after Bloomberg reported Elon Musk will move forward with his deal to buy the social media company.Musk has proposed to close the deal on the stated terms, in which he will buy the company for $44 billion.Musk had previously contested the deal, with a court trial scheduled to begin this… Continue reading Twitter soars 23% on report that Elon Musk is proposing to move forward with his $44 billion takeover
The stock market likely just bottomed and a 15% rally could take hold into year-end, Fundstrat says
The stock market has likely bottomed this week and could stage a 15% rally, according to Fundstrat.The firm highlighted favorable seasonal trends heading into the fourth quarter, as well as depressed investor sentiment.”Risk/reward certainly favors betting on an above-average bounce in the ‘Bear Killer’ month of October,” Fundstrat said. Loading Something is loading. The stock… Continue reading The stock market likely just bottomed and a 15% rally could take hold into year-end, Fundstrat says
The key 10-year Treasury yield is tumbling as softer economic data injects ‘hopium’ into markets over a Fed policy pivot
The 10-year Treasury yield sharply dropped on Tuesday, highlighting market speculation about a so-called Fed pivot from aggressive interest rate hikes. Soft economic data including a tumble in US job openings was contributing to sending the 10-year yield down 20 basis points. US stocks rallied for a second session, including a 3% climb in the… Continue reading The key 10-year Treasury yield is tumbling as softer economic data injects ‘hopium’ into markets over a Fed policy pivot
Consumer Savings Shrink to 2008 Lows
The American consumer is accumulating less money each month and tapping into their savings to pay for basic necessities and bills such as utilties, adding to fears of a recession. The personal savings rate in the U.S. for August was down to 3.5%, which is flat compared to July’s rate, according to the Bureau of… Continue reading Consumer Savings Shrink to 2008 Lows
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