Apple Inc's talks with China's CATL and BYD over battery supplies for its planned electric vehicle have been mostly stalled after they refused to set up teams and build U.S. plants that would solely cater to the tech giant, three people with knowledge of the discussions said.
What happened
Alternative-energy stocks performed well for investors this week, with shares of FuelCell Energy (NASDAQ: FCEL) ending Thursday trading up 9.7% from Friday's close, uranium-miner Denison Mines (NYSEMKT: DNN) gaining 13.9%, and lithium-battery maker Enovix Corporatio
The S&P 500 boasted a record closing high and its seventh straight session of gains on Thursday while the Nasdaq was boosted by such high-profile stocks as Tesla Inc and Microsoft Corp but a tumble in IBM shares weighed on the Dow.
Thursday's session was much like yesterday's in that none of the major indexes made a strong move in either direction. But instead of Wednesday's bent toward cyclicals sectors, buyers instead opted for tech-esque and defensive stocks.
The Dow followed up yesterday's intraday high and triple-digit pop with a lackluster session, spending most of Thursday in the red before settling the day with a 6-point loss. Meanwhile, the S&P 500 strung together its seventh-consecutive daily win, as well as a record clos
The Dow was weighed down on Thursday by a collapse in IBM shares after a disappointing quarterly report, but the Nasdaq gained and the S&P 500 index touched a record high with help from high-profile stocks such as Tesla Inc.
The Dow fell on Thursday as IBM shares collapsed after a disappointing quarterly report, but the Nasdaq advanced with help from defensive big technology companies and Tesla Inc.
It is likely to take a decade before self-driving taxis will be deployed on roads, the chief executive of electric car startup Lucid Group Inc, Peter Rawlinson, said on Thursday.
When you’re used to setting industry records and are known for innovation, an earnings call that is only about the earnings can seem rather humdrum, even if it’s positive. At least, that’s how investors seem to have viewed Tesla’s latest quarterly earnings call that recorded high gross margins and revenue that was slightly ahead of [...] Read more at ETFtrends.com.
The Dow on Thursday eased from a record high hit in the previous session as IBM shares fell after its quarterly report, with the potential impact of supply chain disruptions and labor shortages on profits taking the center stage this earnings season.
Tesla Inc wants to shift to a less expensive battery for its electric vehicles but first needs to figure out how to overcome political tensions to get a Chinese partner to build the iron-based batteries near its U.S. factories.
October's third week opened with announcements from two very different players in the electric vehicle (EV) market. Stellantis (NYSE: STLA), the multinational owner of Jeep, Ram, Dodge, Chrysler, Fiat, Peugeot, and many other car brands, announced plans for a new North American E
Although the once white-hot returns of investing guru Cathie Wood's Ark Investment exchange-traded funds have cooled off considerably in 2021, she remains a fairly sharp prognosticator.
In early trading on Thursday, shares of CSX topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.5%. Year to date, CSX registers a 17.9% gain.
Plug Power (NASDAQ: PLUG) stock is 57% off its high price of more than $73 this year. However, it is up nearly 22% so far in October compared to a 3.8% rise in the S&P 500 index. Some recent developments have investors charged up once again for the fuel cell maker's stock. Le