The brokerage's commentary follows Reuters report earlier this month that Tesla decided to cancel its long-promised inexpensive car that investors hoped would drive growth, while continuing to develop Robotaxis on the same vehicle platform. Tesla has been pushing for greater adoption of its full self-driving advanced driver assistance software ahead of unveiling Robotaxi in August. "The delay of Model 2 efforts creates the risk of no new vehicle in Tesla's consumer lineup for the foreseeable...
The WSJ reported that regulators are studying whether Morgan Stanley has been adequately investigating prospective client identities and the sources of their
Former President Donald Trump's Truth Social stock continued to circle the drain Monday as financial experts warned he may have broken the law trying to prop up the price. Trump Media shares lost 8 percent Monday after losing 12 percent Friday, according to an analysis from Boston's NPR station WBUR.After the completed merger with "blank check firm" Digital World Acquisition Corp., the stock soared to over $66 a share then fell when news broke that Truth Social lost $58 million in 2023.Trump...
US Bank Deposits Soar Back To Pre-SVB Levels, Reserves Decouple From Stocks Money-market fund total assets jumped over $70BN last week to a new record high above $6.11TN Source: Bloomberg And, as the chart above shows, the broad trend for bank deposits has been positive (slow, but positive), slowly returning to pre-SVB levels. And talking of SVB, in the three weeks since the Fed's bailout facility was terminated (remember these are 12-month term loans), the Bank Term Loan...
The stock market, including the Dow Jones, was mauled in a bear attack
A top retail analyst said that the shoe company’s passion for creating eco-friendly products is “misaligned with the market,” making profitability ever-elusive.
UK fans estimated to have lost over £1 million since tickets went on sale and thousands have fallen victim, losing an average of £332 each.
Trump Media & Technology Group Corp (TMGT) shares plummeted after the entity filed to the U.S. Securities and Exchange Commission (SEC) to issue 21 million shares. The parent company of
Shares of Perion Network (NASDAQ: PERI) plummeted more than 40% on Monday after the digital advertising products and services company announced far weaker-than-expected preliminary first-quarter 2024 results. Perion also reduced its full-year outlook. On Perion’s slow start to the new year In a press release this morning, Perion said it expects first-quarter 2024 revenue to […]
Investors may want to keep a close eye on these stocks, whose results risk
Taiwan just got rocked by its strongest earthquake in 25 years. …A Russian
Turmoil at Thames Water has triggered a wider sell-off in bonds across the utility industry as investors turn their attention to debt burdens at rivals.]]>