Investors are assessing whether a series of concerning data points to serious economic concerns, so next week, the stakes are high for the monthly U.S. jobs report. Falling Treasury rates and a decline in bitcoin are further signs of growing investor apprehension, as the benchmark S&P 500 stock index has retreated 4% from its peak…
After a tumultuous week marred by doubt over U.S. trade policy and a global increase in borrowing costs, investors were greeted with some calm on Friday as a sharp purchase in bonds subsided and currencies stabilized, but equities followed Wall Street down. As U.S. equities face challenges from a deteriorating growth forecast in the most…
The California-based company said on Thursday that the US Department of Labor is looking into whether Scale AI, a data labeling business supported by tech behemoths Nvidia, Amazon, and Meta, complies with the Fair Labor Standards Act. According to the firm, the inquiry, which was started about a year ago during the administration of former…
In the face of market turbulence brought on by President Donald Trump’s erratic trade policies, US stock futures rose as Wall Street prepared for the February employment report. The Dow Jones Industrial Average (YM=F) futures saw a 0.2% increase. Futures linked to the tech-heavy Nasdaq Composite (NQ=F) increased by 0.5%, while those related to the…
As another investment company lowered its price objective on the stock, Tesla’s (TSLA) shares fell 5.6% on Thursday, bringing its year-to-date losses to 35%. In a note released Thursday morning, Baird analysts cut their 12-month view on Tesla shares from $440 to $370, citing worries that Wall Street has unrealistic expectations for Tesla’s first-quarter deliveries….
Ford Motor Company has been making news as institutional investors change their holdings in the manufacturer. Jones Financial Companies Lllp grew its Ford holdings by 44.2% in the fourth quarter, purchasing an additional 194,555 shares for 634,841 shares worth $6.29 million. Institutional investors are betting big on Ford: Institutional investors and hedge funds have been…
Intel Corporation (NASDAQ: INTC)’s stock price fell 3.6% during Wednesday’s trading session, reaching as low as $20.49 before finishing at $20.56. This fall occurred despite much lower trading activity, with only 32.9 million shares changing hands—66% less than the typical daily volume of 97.7 million. Wall Street Analysts Respond to Intel’s Struggles: Several brokerage companies…
Super Micro Computer has been on a rollercoaster ride in 2024, with impressive gains early on before a sharp selloff. After spiking owing to rising AI infrastructure demand, the stock had a massive crisis when Hindenburg Research accused the business of accounting trickery. The upheaval escalated when Ernst & Young, SMCI’s auditor, left, raising worries…
Tesla, long the unchallenged leader in the electric vehicle (EV) sector, is currently seeing a significant fall in global sales. While the brand remains synonymous with EV innovation, new statistics show that Tesla’s image is deteriorating, notably in Europe and Australia, as CEO Elon Musk’s political ties have sparked controversy. Tesla’s challenges in Europe: According…
Intel (NASDAQ: INTC) boldly drives to recover semiconductor market supremacy with its breakthrough 18A manufacturing process. As part of the company’s ambitious Intel Foundry plan, this cutting-edge technology can challenge industry heavyweights TSMC and Samsung, changing the worldwide chip landscape. Breaking down Intel’s 18A technology: The 18A (18-angstrom) technique marks a significant advancement in semiconductor…