Tesla, Inc. (NASDAQ:TSLA) and other automakers are grappling with what could be a sharp disruption to the EV market after federal subsidies that had helped sustain demand have expired. Executives warn that the removal of these incentives could trigger a sudden decline in sales, posing a significant challenge for companies that have invested billions in…
Chewy, Inc. CHWY will report its second-quarter fiscal 2025 results on September 10, with Wall Street closely watching the online pet retailer’s ability to sustain growth in a resilient but increasingly competitive category. According to Benzinga Pro data, analysts expect Chewy to deliver adjusted earnings of $1.41 per share on revenue of $3.08 billion. The…
Electric vehicle developer Faraday Future Intelligent Electric FFAI stock traded lower on Monday after it issued its 15th weekly business update from founder and Global co-CEO YT Jia on Sunday. The company will unveil on Aug. 16 at Pebble Beach its upgraded dual-flywheel, dual-bridge Eco Strategy to drive capital returns, cash flow, net asset value,…
Alphabet, Inc. GOOG GOOGL stock is down more than 13% since the end of January and has now entered oversold territory. What To Know: Alphabet’s relative strength index fell to 29.17 on Thursday, its lowest since September 2024. The stock’s RSI rebounded slightly on Friday to 29.51 at the time of publication, but remains below…
The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading. NVIDIA Corp. NVDA led the tech sector lower after the company posted its smallest revenue beat in years on Wednesday. Wall Street digested a slew of new economic data…
China is looking to target U.S. tech companies in order to gain leverage in trade negotiations with U.S. President Donald Trump. What To Know: According to the Wall Street Journal, Chinese officials are building a list of U.S. tech companies that can be probed over antitrust concerns, including Nvidia Corp NVDA and Alphabet Inc GOOG….
Faraday Future Intelligent Electric Inc. FFIE shares are trading higher premarket on Monday. On Sunday, the company disclosed securing around $30 million in cash financing commitments. The financing comprises $7.5 million pre-funded in the fourth quarter of 2024 and $22.5 million in new cash commitments structured as unsecured convertible notes and warrants. The Convertible Notes…
U.S. stock futures advanced on Friday after a day’s break for Thanksgiving as investors look to end November on a high note. The dollar slipped below the 106 mark in the hope of more measured tariffs. U.S. markets will close at 1 p.m. ET on Friday during the truncated week. Futures for the three major…
U.S. stocks could open on a negative note on Tuesday after the averages maintained a cautious stance last week. Futures of all three major indices were slightly down on Tuesday, pointing to a cautious sentiment on Wall Street. Economic data and Federal Reserve chair Jerome Powell’s comments about the future of rate cuts dampened the…
Amazon.Com, Inc. AMZN shares are moving lower on Friday after Third Point reported that it decreased its stake in the company. Here’s what you need to know. What To Know: In the 13F filing with the Securities and Exchange Commission, Third Points disclosed that it decreased its stake in Amazon by 27% from 5,100,000 shares…