A host of factors such as pollution issues, technical superiority and stricter fuel-emission standards have turned the fortunes in favor of electric vehicles (EVs). The demand for electric cars is off the charts. Despite a global deficit in semiconductor supply and other
PayPal Holdings Inc said on Monday it will not fine users for misinformation and an earlier policy update that said customers could have to pay $2,500 in damages was sent in error.
After plunging to new bear-market lows, the stock market didn't look likely to bounce back on Monday morning from a horrible performance last Friday. Declines for the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX:
U.S. stock index futures slipped on Monday, as an intensifying war in Ukraine and U.S. curbs on chip technology exports to China hit investors' appetite for risk assets ahead of the upcoming earnings season.
In case you haven't noticed, it's been a rough year for Wall Street and everyday investors. Since each of the three major U.S. stock indexes hit their all-time highs between mid-November and the first week of January, they've all fallen by 22% to 34%, which firmly places them in
Elon Musk's $44 billion Twitter takeover saga comes with all the drama necessary to be immortalised in case studies for future captains of industry, as the tycoon's on-off pursuit of the social media platform and unique management style make for a union like no other.
Nissan Motor Co Ltd is pressing French partner Renault SA to cut its stake in the Japanese automaker as much as possible, ideally to 15%, and may consider raising funds to buy back the shares, a source familiar with the matter said.
China's ambassador to the United States thanked Elon Musk for proposing a special administration zone for Taiwan, while Taiwan's de facto ambassador to Washington reprimanded the billionaire saying its "freedom and democracy are not for sale."
Electric vehicle maker Tesla Inc sold 83,135 China-made vehicles in wholesale in September, smashing its record of monthly sales in China, according to a report released on Sunday by the China Passenger Car Association (CPCA).
Elon Musk's $44 billion Twitter takeover saga comes with all the drama necessary to be immortalised in case studies for future captains of industry, as the tycoon's on-off pursuit of the social media platform and unique management style make for a union like no other.
Nissan Motor Co Ltd is pressing French partner Renault SA to cut its stake in the Japanese automaker as much as possible, ideally to 15%, and may consider raising funds to buy back the shares, a source familiar with the matter said.
Better late than never. Electric-car maker Tesla (NASDAQ: TSLA) is about to ramp up production of its long-awaited semi truck, with the first deliveries occurring on Dec. 1. When Tesla Semi was unveiled nearly five years ago, the plan was to bring it to market by 2019.
Electric vehicles (EVs) continue to be a hot topic for investors, but there are more players than ever to be aware of. As the industry expands, new niches are forming, and two are particularly attractive for investors looking for growth and potentially high profits.
Billionaire Elon Musk, days after floating a possible deal to end the war between Russia and Ukraine that drew condemnation in Ukraine, suggested that tensions between China and Taiwan could be resolved by handing over some control of Taiwan to Beijing.
Billionaire Elon Musk, days after floating a possible deal to end the war between Russia and Ukraine that drew condemnation in Ukraine, suggested that tensions between China and Taiwan could be resolved by handing over some control of Taiwan to Beijing.
What happened
Tesla (NASDAQ: TSLA) CEO Elon Musk made a big announcement last night, and it wasn't about his bid to buy Twitter. But that good news wasn't enough to overcome other headwinds that helped bring Tesla shares down 5.9% Friday, as of 3:05 p.m. ET.
Consumer stocks were ending broadly lower late in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 1.4% and the SPDR Consumer Discretionary Select Sector ETF (XLY) retreating 3.5%.
Elon Musk bought himself some time on Thursday, after a judge accepted the billionaire's request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company by Oct. 28.
Consumer stocks were broadly lower in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 1.3% and the SPDR Consumer Discretionary Select Sector ETF (XLY) retreating 3.8%.
Chinese electric vehicle maker Nio will only lease its cars when it launches in four European markets this year, its CEO told Reuters on Friday, betting that flexibility will be a key selling point as drivers switch to the new technology.