The California Department of Motor Vehicles is accusing Tesla Inc. of falsely advertising the capabilities of its self-driving technology. Two complaints filed July 28 show that the DMV is seeking changes in the way Tesla TSLA, -6.63% promotes its Autopilot and Full Self-Driving features or risk getting its manufacturing license suspended or revoked. “Respondent made
Month: August 2022
If you haven’t already heard, the Twitter IPO (TWTR) was released today. Unfortunately, it is a little harder to get in, unless you’re willing to pay a premium. I say “premium” because everyone is looking to dump their shares on to you. Individual traders, young and old, get sucked into these initial public offerings (IPOs)
Check out the companies making headlines before the bell: Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%. Block
California-based Roblox (NYSE:RBLX) is known for providing gamers with a fun, immersive and interactive platform. There are risks involved for RBLX stock investors as the metaverse is still an emerging field. However, there’s strong upside potential as Roblox can monetize its platform in several ways. The Roblox gaming platform might appeal to young folks, but it’s
FuboTV (NYSE:FUBO) has been moving higher since late last month. As investors start to believe that the Federal Reserve will change course on its rate hike plans next year, speculative growth stocks like FUBO stock have seen a slight boost. I won’t comment further here whether a lowering of rates will happen next year or
A report from the National Federation of Independent Business (NFIB) found that small businesses across the country continue to raise wages to keep employees and fill a historically high level of job openings, but are still struggling to fill jobs. Nearly half or 49% of owners reported job openings they could not fill, down just one point
The numbers The U.S. added a sizzling 528,000 new jobs in July and the unemployment rate fell to pre-pandemic levels in a muscle-flexing display for the economy, but the robust report could add to inflation worries and push interest rates even higher. The increase in hiring blew past Wall Street estimates. Economists polled by The
In this article BYND BYND AMC WBD A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: DoorDash — Shares of the food delivery company popped 12% after a revenue beat. DoorDash
Over the past few months, shares in Lucid Group (NASDAQ:LCID) have ebbed and flowed. Briefly moving above $20 per share, only to fall back below $20 per share. In recent days, this has played out yet again. After zooming above $20 per share ahead of earnings results, LCID stock has plunged following its release. Why?
Granted, there’s no sure thing when it comes to investing. It’s why advisers will talk to you about “risk tolerance” and make sure that your stomach for possible losses matches up with your investing style. But you can also tip the odds greatly in your favor by investing in equities that are safe high-yield dividend
Do you want to know the worst stocks to buy in a recession? Read on, and I’ll give you seven names to avoid should we officially enter the fourth recession in the 2000s. In the past 22 years, there have been three official recessions. The first lasted eight months, from March 2001 until November 2001.
Mutual Fund vs. ETF: An Overview Mutual funds and exchange-traded funds (ETFs) have a lot in common. Both types of funds consist of a mix of many different assets and represent a popular way for investors to diversify. While mutual funds and ETFs are similar in many respects, they also have some key differences. A
DoorDash Inc. on Thursday reported continued growth in the second quarter, saying that its food-delivery business remains healthy despite economic uncertainty, but its loss was worse than what Wall Street expected. DoorDash DASH, +2.34%, which completed its acquisition of Finland-based Wolt in the second quarter, beat revenue and other expectations with its earnings report, though
Stig Brodersen speaks to Maciej Wojtal about investing in Iran. Iran equities are trading at P/E ratios of 3-5, and a dividend yield of 20% of blue-chip stocks is not uncommon. IN THIS EPISODE, YOU’LL LEARN: 0:00:00 – Intro 0:00:16 – Why you want to be invested in a stock market that is opening-up 0:14:04
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Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drug maker’s stock fell 3.6% in the premarket after it missed estimates with its quarterly results and cut its full-year forecast. Lilly’s performance during the quarter was impacted by lower prices for insulin and falling sales of its
When it comes to energy stocks to buy before the bull market returns, natural gas and solar companies seem like the best bets for investors right now. Natural gas prices have jumped to their highest point in many years in the United States, and gas prices are absolutely exorbitant in Europe. Meanwhile, the Democrats’ budget
As soaring inflation continues to impose a dark cloud over American families, the Federal Reserve seemingly had little choice but to lift the benchmark federal funds rate, which effectively raises borrowing costs. However, this action also sucks the incentivization out of growth-oriented businesses, meaning that some companies will invariably represent stocks to sell. It’s not
Oil prices have continued to slide, taking wholesale and retail gas prices with them. The latest losses accelerated following U.S. data showing crude and gasoline stockpiles unexpectedly surged last week, and OPEC+ said it would raise its oil output target by 100,000 barrels per day. Light sweet crude fell nearly 4% to just above $90 per
The 30-year fixed-rate mortgage averaged 4.99% as of August 4, according to data released by Freddie Mac on Thursday. That’s down 31 basis points from the previous week — one basis point is equal to one hundredth of a percentage point, or 1% of 1%. Rates have dipped below 5% for the first time since April. The