Renault Chief Executive Luca de Meo said on Tuesday that the automaker's plans to create a separate division for its electric (EV) assets could eventually lead to a separate listing.
The Nasdaq led the charge on Wall Street on Tuesday after data showed inflation rose largely in line with estimates, lifting growth stocks that were hammered by a surge in Treasury yields on expectations of aggressive U.S. interest rate hikes.
What happened
U.S.-based electric vehicle stocks were rising higher in early trading today. The moves were initially being led by Tesla (NASDAQ: TSLA), Rivian Automotive (NASDAQ: RIVN), and Lucid Group (NASDAQ: LCID). In early trading, the three stocks all jumped by about 5%. At
Lawyers for Hollywood star Johnny Depp on Tuesday gave a jury an overview of his U.S. defamation case against his ex-wife Amber Heard, the latest chapter in a long-running legal fight between the two Hollywood stars.
The Nasdaq led Wall Street's main indexes higher on Tuesday after data showed consumer prices rose largely in line with estimates, taking pressure off high-growth stocks that were hammered on expectations of aggressive U.S. interest rate hikes.
American Axle & Manufacturing Holdings, Inc. AXL recently entered into a definitive agreement to acquire Tekfor Group for an enterprise value of €125 million. The deal is expected to close in the second quarter of 2022 after standard approvals.The buyout promises sign
Honda Motor HMC, at a recently-held press conference, revealed ambitious plans to drive its futuristic electrification vision. The company is striving to reduce its environmental footprint and hence looks to strengthen its electrification initiatives. To this end, Honda a
Nasdaq futures surged nearly 2% on Tuesday after data showed consumer prices rose largely in line with estimates, taking pressure off megacap technology stocks that were hammered by expectations of aggressive U.S. interest rate hikes.
Shopify (NYSE: SHOP) just joined Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), and Tesla (NASDAQ: TSLA) in announcing stock splits. Shares of the e-commerce software company will undergo a 10-for-1 split, and a "founder's share" for co-founder and CEO Tobi Lütke
How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
Per the latest data from the China Passenger Car Association, the country’s electric vehicle (EV) manufacturers sold 455,000 units in March, up 122.4% year over year and 43.6% from February levels. New-energy vehicle (NEV) sales for February were badly affected by a short
The crypto market has crashed several times in the last few years. A prolonged sell-off between January 2018 and December 2018 cut the market down by nearly 90%. Then, after surging to a new high of $2.5 trillion in May 2021, the market fell more than 50% by July. It then recover
2022 may be shaping up to be the year of the stock split. Alphabet likely kicked off the latest round of split actions when it revealed in February that it would carry out a 20-for-1 stock split, which then triggered significant valuation gains and prompted calls for other compan
The first quarter of 2022 has brought a nasty mix of headwinds for homebuilders, such as rising mortgage rates, which dampen demand for housing and make it less affordable, and severe supply chain bottlenecks, making it harder to complete builds on time and budget. Not surprising
The tech sector has left a bad taste in the mouths of investors over the past six months as a 13-year-long bull run came to an unceremonious end. The market began rotating out of previously high-flying tech stocks into more defensive consumer-oriented ones, causing the tech-heavy
A smart beta exchange traded fund, the iShares MSCI USA Equal Weighted ETF (EUSA) debuted on 05/05/2010, and offers broad exposure to the Style Box - All Cap Blend category of the market.
Opening statements are expected on Tuesday in Johnny Depp's U.S. defamation case against his ex-wife Amber Heard, the latest chapter in a long-running legal fight between the two Hollywood stars.
A crypto platform's pledge to amass $10 billion worth of bitcoin to back its own "stablecoin" is firing up the market. It's part of a wider movement to crown bitcoin as the reserve currency of a new age.
HONG KONG (Reuters Breakingviews) - China’s Covid-zero zeal is forcing the world’s carmakers into a lower gear. Beijing’s harsh Omicron lockdowns are stalling supply chains while war cranks up costs. This year could be a roughe
Japan's Honda Motor Co Ltd plans to spend 8 trillion yen ($64 billion) on research and development over the next 10 years as it aims to roll out more than 30 electric vehicle models globally by 2030.