The global auto industry is at a crossroads. Legacy automakers are racing to protect profits from their traditional gas-powered lineups while pouring billions into electric vehicles (EVs), software and next-gen mobility. At the same time, rising tariffs are squeezing margins and intensifying competition. U.S. legacy player General Motors GM is banking on its dominant position…
Key Points BYD doesn’t do business in the United States (at least not yet). Still, this Chinese company leads one of the planet’s bigger and fastest-growing markets. One of the world’s best-known long-term investors has taken on a sizable stake despite having access to thousands of other choices. Is your stock portfolio not quite as…
The US Composite PMI rose from 55.1 in July to an 8-month high of 55.4 in August. Service providers hired at the fastest rate in seven months, while firms across both sectors reported higher import prices. Service sector price inflation reached its highest level since August 2022. August’s flash PMI numbers overshadowed jobless claims data….
Nvidia(NASDAQ: NVDA) shares fell 3.5% on Tuesday, closing at $175.64, as tech stocks broadly pulled back following a recent rally. The chipmaker traded 183 million shares, just above its three-month average of 181 million, signaling a cooling of momentum after reaching record highs earlier this month. The broader markets reflected similar unease. The Nasdaq Composite…
Key Points The electric vehicle market will eventually improve, and is the future of the auto industry. ON Semiconductor is seeing signs of stabilization in its end markets. Its Nvidia partnership in data centers is an example of growth opportunities outside of the auto market. ON Semiconductor(NASDAQ: ON) and Navitas Semiconductor(NASDAQ: NVTS) were both named…
Hang Seng Index Drops as Mainland Stocks Struggle for Direction The Hang Seng Index fell 0.31% to 24,824 in morning trading, pulling back from an early high of 24,955. Mainland China’s CSI 300 edged 0.04% lower, while the Shanghai Composite Index edged 0.06% higher. Overnight (August 5), US equity markets posted losses as investors reacted…
Key Points Tesla believes its future lies in robotics and autonomous vehicles. Those industries are unproven, and the electric vehicle (EV) maker is facing falling auto sales and a bruised brand. With a shaky EV industry and distracted management, Tesla stock isn’t likely to set you up for life. It’s not a stretch to say…
Lucid Group(NASDAQ: LCID) dropped 8.24% to close at $2.56 on Tuesday, with the sharp decline attributed to renewed investor concerns over the electric vehicle (EV) maker’s recently filed 1-for-10 reverse stock split proposal. The decline appears sentiment-driven, reflecting lingering skepticism over Lucid’s capital structure and long-term path to profitability. Lucid’s decline stood out against broader…
Daily E-mini Dow Jones Industrial AverageThe Dow E-mini last traded at 44,951. Resistance sits at 45,234, 45,885, and 46,326. Support rests at 44,423 and 43,973, with the 200-day at 43,596 and 50-day at 43,567.6. Outlook Momentum remains bullish into the final session of the week, with equities extending gains on strong earnings and supportive trade…
Motley Fool – Mon Jul 21, 4:00PM CDT Two of the biggest names in the electric vehicle (EV) world are quietly taking opposite routes to electric domination. In this deep dive, I explore how Nio(NYSE: NIO) and Rivian(NASDAQ: RIVN) are redefining what EV success could look like. If you’re an investor eyeing the future, you…