Global shares gained on Wednesday, with European indexes echoing positive moves in Asia, as a retreat in U.S. Treasury yields fuelled demand for riskier assets and weakened the dollar.
Chinese electric vehicle manufacturer Li Auto (NASDAQ: LI) posted a stronger-than-expected set of Q4 2020 earnings last week, with revenue rising by about 67% sequentially to about $636 million, while its operating loss also narrowed to around $12.2 million, from about $27.8 mi
The U.S. Securities and Exchange Commission appears likely to work on its first guidelines for cryptocurrencies after President Joe Biden's nominee to lead the agency promised to provide "guidance and clarity" to the rapidly evolving market.
SpaceX is building a new factory in Texas for its satellite-based broadband service Starlink, according to a job posting from the company, as billionaire entrepreneur Elon Musk continues to invest in the southern U.S. state.
Chipmakers like Samsung Electronics Co Ltd will need a couple of weeks to resume production in Texas after shutdowns caused by severe weather, and customers could face knock-on effects in several months' time, a representative of a trade body said.
Global equity markets were little changed on Tuesday as Wall Street retreated and investors took stock of gains from Monday's surge, pausing to gauge whether a bond yield jump had run its course.
Wall Street ended lower on Tuesday, pulled down by Apple and Tesla, while materials stocks climbed as investors waited for the U.S. Congress to approve another stimulus package.
Wall Street ended lower on Tuesday, pulled down by Apple and Tesla, while materials stocks climbed as investors waited for the U.S. Congress to approve another stimulus package.
Chipmakers, such as Samsung Electronics, will need a couple of weeks to resume production in Texas after shutdowns caused by severe weather, and customers could face knock-on effects in several months' time, a representative of a trade body said.
Wall Street was mixed on Tuesday, with Apple and Tesla losing ground, while materials and energy companies climbed as investors looked toward the U.S. Congress approving another stimulus package.
Six major utilities unveiled a plan on Tuesday to add electric vehicle fast chargers to connect major highway systems across United States, as they look to cater to the burgeoning electric vehicle market.
The stock market pulled back on Tuesday morning after enjoying an extremely strong start to the month of March in Monday's session. Investors are still a bit nervous about the eventual fate of proposed stimulus legislation in Washington, with political wrangling stemming from the
They're no denying that Elon Musk is the greatest businessman of his generation! In a little over a decade, Musk went from obscurity to among the world's richest due to the growth of Tesla stock, as he's grown the electric car company from a $1.7 billion IPO to an $600 billion gi
With an average price-to-earnings (P/E) multiple of 39.7, the stock market is pretty pricey at the moment. Nowhere is this more evident than the electric vehicle (EV) industry, where companies like Tesla and NIO boast multi-billion-dollar valuations despite relatively low sales a
What happenedShares of Tesla (NASDAQ: TSLA) slumped 14.9% in February, according to data from S&P Global Market Intelligence. The electric vehicle (EV) specialist's stock sold off as the market became more cautious about growth-dependent valuations.
The listed shares of the Japanese and Swiss central banks rose sharply on Tuesday, without any apparent reason, possibly reflecting high levels of investor exuberance in markets awash with cash.
India is ready to offer incentives to ensure Tesla Inc's cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian country, transport minister Nitin Gadkari told Reuters.
Volvo's entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade.
Volvo's entire car line-up will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade.