Eli Lilly, Chegg, AMC Entertainment rise premarket; UPS, Tesla fall
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- Wall Street indexes dip with technology earnings, rising oil in focus
- Google increases capex forecast again after cloud-driven quarterly beat
- As Musk pivots beyond cars, Tesla’s autos engine is under strain
- Oil settles up more than 3% to six-week high as Mideast conflict threatens oil transit routes
- Can Alphabet earnings reignite investor enthusiasm for the Magnificent Seven?
Illinois EPA announces funding dates for next round of EV rebates
August 10, 2023 3:06 PM EDTThe Illinois Environmental Protection Agency (EPA) announced Thursday that the upcoming funding phase for the Electric Vehicle (EV) Rebate Program in Illinois will begin on Wednesday, November 1, 2023, and conclude on Wednesday, January 31, 2024.
Those who buy a new or used all-electric vehicle from a licensed dealer in Illinois, fulfill all... More
Tesla (TSLA) selects Volex as licensed partner to build NACS
August 10, 2023 2:35 PM EDTVolex, a specialist in critical power and data transmission, has been selected as an official licensed partner by Tesla for the North American Charging Standard Charging system. Surprisingly, the company said that they are already prepared to provide the NACS connector to car manufacturers.
Volex's press release regarding the Tesla NACS coupler confirms that the... More
UK parliament opens probe into EV transition
August 9, 2023 2:17 PM EDTBritains parliament revealed Wednesday that the upper house is launching an inquiry into the countrys approach to phasing out fossil fuels and transitioning the public towards electric vehicles. The inquiry will also cover charging infrastructure and end-of-life disposal of EVs.
The U.K. is set to completely ban the sale of new internal combustion vehicles by 2030, with hybrids being phased out by 2035 in favor of fully... More
Eli Lilly & Co. (LLY) upgraded at Jefferies - sees near-term revenue and EPS upside
August 9, 2023 11:00 AM EDTEli Lilly & Co. (NYSE: LLY) was raised to Buy from Hold at Jefferies on Wednesday, with analyst Akash Tewari raising the price target to $615 per share from $430.
The upgrade follows two positive data points for the pharmaceutical company. Tewari explained that "SELECT showed... More
AMC Entertainment (AMC) gains as box office hits Barbie and Oppenheimer boost Q2 revenue
August 8, 2023 9:25 AM EDTMovie theater business AMC Entertainment (NYSE: AMC) is up more than 5% Tuesday after topping consensus estimates in the second quarter.
The company reported Q2 EPS of $0.00, $0.04 better than the analyst estimate of loss per share of $0.04, while revenue for the quarter came in at $1.35 billion, up 15.6% YoY and above the consensus... More
