In eight days, we'll mark the one-year anniversary of the beginning of the coronavirus disease 2019 (COVID-19) crash on Wall Street. It took just 33 calendar days for the benchmark S&P 500 to lose 34% of its value, marking the fastest bear market decline on record. While ther
SpaceX’s satellite-based Internet business, Starlink, is seen as the biggest driver of the space exploration company’s valuation, given its large addressable market. (Related: SpaceX’s Revenues and Valuation) So how is the service shaping up? Starlink we
Volkswagen AG on Thursday said it will use Microsoft Corp's cloud computing services to help it streamline its software development efforts for self-driving cars. The Microsoft deal will also make deploying software updates to add new features to cars.
Investors in high-flying electric carmaker Tesla Inc are questioning whether Elon Musk's $1.5 billion outlay into bitcoin will be as good for the company as it has been for the cryptocurrency. Shareholders voiced concern that the investment by Tesla could fuel more gyrations in the company's shares.
Australian shares egded down on Thursday, as a slump in technology stocks following overnight losses in their Wall Street peers outweighed gains in Newcrest Mining and Telstra on upbeat half-year reports.
The U.S. International Trade Commission (ITC) on Wednesday sided with South Korea's chemicals and electric vehicle (EV) battery maker LG Chem Ltd, which accused its cross-town rival SK Innovation Co Ltd of misappropriating trade secrets related to EV battery technology.
Like many others in his industry, Geely Chairman Li Shifu has been irked by skyrocketing valuations for electric car manufacturers such as Tesla Inc and Nio Inc, sources at the Chinese automaker say.
Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.
The S&P 500 and the Nasdaq edged slightly lower on Wednesday as big tech stocks slid amid an ongoing rotation of portfolio holdings that gave a boost to energy shares and kept the overall market near record highs.
The S&P 500 and the Nasdaq ended slightly lower on Wednesday dragged down by financial shares and the continuing sell-off in some big tech stocks even as energy shares rose.
Australian shares were poised to open lower on Thursday with tech stocks expected to drag, as major indexes on Wall Street slipped from record levels in the overnight session.
The S&P 500 and the Nasdaq edged slightly lower from record levels on Wednesday as energy and financials rose but some big tech stocks limited gains amid an ongoing rotation of portfolio holdings.
The S&P 500 and the Nasdaq edged slightly higher after slipping from record levels in volatile trading on Wednesday, as energy and financials rose but some big tech stocks limited those gains amid an ongoing rotation of portfolio holdings.
Facebook Inc is building a new audio chat product similar to audio-based social network Clubhouse, the New York Times reported on Wednesday, citing people familiar with the matter.
The COVID-19 pandemic has added urgency to the Bank of Canada's development of a digital currency and a decision could come sooner than previously thought, a senior policymaker said on Wednesday, though he noted that a launch was not a "foregone conclusion."
The S&P 500 and the Nasdaq slipped from record levels in volatile trading on Wednesday as Reddit forum turned their focus to cannabis stocks while investors looked to a speech by Federal Reserve Chair Jerome Powell in the afternoon.
Some investors may be skittish about embracing the Tesla shares at current market levels. That concern, though reasonable, can be buffered by using an exchange traded fund proxy for Tesla stock. The ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ) is a strong idea to consider as an ETF with one of the largest allocations [...] Read more at ETFtrends.com.
What happenedShares of electric-car maker Tesla (NASDAQ: TSLA) dropped nearly 6% in early trading on Wednesday in response to a Bloomberg report last night that upstart e-car rival Rivian is preparing for an IPO.
Wall Street's main indexes slipped from record levels on Wednesday as investors digested recent gains while awaiting a speech by Federal Reserve Chair Jerome Powell for clues on the pace of an economic rebound.