Paul Kirby Europe digital editor Bloomberg via Getty Images Failure to reach a deal would lead to 30% US tariffs and EU countermeasures targeting US exports The European Union has said it believes a deal on trade tariffs with the US is “within reach”, ahead of a 1 August deadline when President Donald Trump has…
Are Tesla investors losing confidence in Elon Musk’s vision of the future? Or are they still inflating the company’s value based on their faith in the cofounder? For the past several quarters after Tesla has unveiled earnings, I’ve been calculating a metric that I’ve dubbed The Musk Magic Premium. The figure estimates both the portion…
If you have $10,000 in cash waiting to be invested, you probably wish you had shoveled that money into the stock market in mid-April. But you’re not the first, and won’t be the last, investor who missed a good entry point into the market. Even with the market at all-time highs since hitting a bottom…
Facebook Tweet Email Link Elon Musk’s big promises apparently no longer seem to be enough for many Tesla investors. Shares of Tesla (TSLA) fell 9% on Thursday following another dismal earnings report, released after the bell Wednesday. Tesla’s earnings and revenue both fell by double-digit percentages following the biggest sales drop in the company’s history….
By Noel Randewich and Pranav Kashyap (Reuters) -The S&P 500 and the Nasdaq hit record highs on Thursday as robust results from Google parent Alphabet fueled optimism about other heavyweight AI stocks, but Tesla slumped after the electric vehicle maker’s results disappointed investors. Alphabet rose 1.6% as the Google parent’s results boosted confidence that heavy…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 and Nasdaq Composite were clinging to slight gains Thursday afternoon, boosted in part by Google parent Alphabet’s strong earnings report…
The latest proposal for a trade agreement between the EU and the US does not include a removal or reduction of the punitive 50% tariff Donald Trump imposed on steel imports, it has emerged. It is a big setback for the industry in the EU which last month warned it faced being wiped out by…
U.S. stock indexes struggled to follow their world counterparts higher on Thursday, and crude prices rebounded as investors digested a mixed batch of corporate earnings along with signs of progress in tariff negotiations between the U.S. and its trading partners. Source link
By Pritam Biswas (Reuters) -U.S. publisher McGraw Hill was valued at $3.25 billion as its shares opened at par in their New York debut on Thursday, hinting at a mixed response from investors in an otherwise upbeat IPO market. IPO market activity has rebounded strongly following a significant setback earlier in the year caused by…
Tesla’s second-quarter earnings report arrived with some numbers that have investors worried. Tesla (TSLA -8.95%) stock is sinking Thursday following the company’s latest quarterly report. The electric vehicle (EV) leader’s share price was down 8.5% as of 10:30 a.m. ET amid a 0.1% gain for the S&P 500 and flat trading for the Nasdaq Composite….