S&P 500 slips in volatile trade as surging yields bite
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Judge denies re-trial in Tesla (TSLA) racial harassment case
October 4, 2023 2:05 PM EDTU.S. District Judge William Orrick, on Wednesday ruled against ordering a third trial in a race discrimination lawsuit filed against Tesla (NASDAQ: TSLA).
The decision came in response to allegations made by a former Black factory worker, who claimed that the... More
Coinbase (COIN) 3Q 'likely to be sealed with a miss' - Mizuho
October 4, 2023 10:12 AM EDTCoinbase's (NASDAQ: COIN) 3Q "is likely to be sealed with a miss," according to Mizuho analyst Dan Dolev.
In a note to clients Wednesday, Dolev maintained an Underperform rating and $27 price target on the stock, stating they expect "dwindling volumes (i.e. $28bn in July, $24bn in August, and $20bn in... More
China criticizes EU following formal launch of EV subsidy probe
October 4, 2023 9:39 AM EDTChina raised concerns on Wednesday about the very limited time it was given by the European Union for talks regarding the EU's investigation into subsidies for electric vehicles.
These comments came as the European Commission officially started looking into whether to impose tariffs to shield EU manufacturers from a flood of cheaper Chinese electric vehicles that are believed to benefit from state subsidies.
The... More
Warren Buffet-backed BYD closing in on Tesla (TSLA) EV sales
October 3, 2023 3:23 PM EDTTesla's (NASDAQ: TSLA) underwhelming third-quarter delivery figures have opened a door for its nearest competitor, BYD, the Chinese electric vehicle juggernaut backed by Warren Buffett's Berkshire Hathaway, to potentially claim the top spot in the electric car market rankings.
Last quarter, Tesla managed to sell... More
Tesla (TSLA) brings back rear-wheel Model Y at discounted price
October 3, 2023 10:27 AM EDTTesla Inc. (NASDAQ: TSLA) has reintroduced the rear-wheel-drive version of its Model Y crossover in the United States, following a third-quarter delivery report that didn't meet Wall Street's projections.
The Model Y, introduced for deliveries in March 2020, remains the top-selling model for the... More
KeyBanc supply chain findings most positive for NVIDIA (NVDA)
October 3, 2023 8:45 AM EDTThe NVIDIA (NASDAQ: NVDA) price target was raised to $750 from $670 at KeyBanc Capital in a note Tuesday, with analyst John Vinh maintaining an Overweight rating on the stock.
Vinh told investors in the note covering semiconductor stocks that their quarterly supply chain findings... More
