The entire EV market is getting a boost today. From Rivian (NASDAQ:RIVN) to Tesla (NASDAQ:TSLA) to Lucid (NASDAQ:LCID), risk-on sentiment finally appears to be taking hold this Friday. Among the major electric vehicle (EV) makers that are seeing impressive increases, Lucid is a leader. On Friday, LCID stock soared more than 16% around noon EST as investors returned to
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Wheat futures climbed by the daily limit on Monday, following India’s plans to limit most of its exports of the commodity, as fallout from the Ukraine war continues to reverberate. Soft red winter wheat for July delivery W00, +5.46% rose 62 cents, the normal daily price limit, to lock at $12.39 a bushel, a gain
Shares of Disney (NYSE:DIS) have been decimated, but that hardly makes it unique in a market like this. At this week’s low, DIS stock was down more than 50% from its all-time high. While the recent market pressure isn’t helping, earnings were the final catalyst to send it to new lows. The share price barely
The blood moon rises once again. Sky watchers in the eastern half of the U.S. are in for a treat this weekend thanks to a perfect storm of celestial events. May’s full “Flower Moon” will undergo a total lunar eclipse as it passes through the Earth’s shadow overnight Sunday into Monday on May 15 and
Warner Bros Discovery (NASDAQ:WBD), the new entertainment giant formed on April 8 from the combination of Discovery Inc. and WarnerMedia, is set to become the second-largest media player by revenue after Walt Disney (NYSE:DIS). Since the merger, WBD stock has dropped faster than the equity markets in general, losing more than 30% year-to-date, but it is rebounding
Markets are pointing higher for Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging prices all over and uncertainty over what central banks can do about it, investors may not get that traditional lazy, hazy
By now, Spotify (NYSE:SPOT) investors know the story. SPOT stock is down 65% from its 52-week high; 55% in 2022 and 25% in the last month. It’s fair to say that taking profits from a stock that jumped 149% from its pandemic low is expected. However, the sell-off is now starting to look overdone. But
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Welcome to Generation Z’s first bear market Up until recently, young people’s primary experience of the market was that stocks almost always go up Read More The Dow
Big box retailers and department stores take center stage and report earnings next week. The biggest retailers in the world are lined up to issue their results for the first quarter (Q1) of this year. Could the results sway jittery markets? Strong earnings from major companies have not managed to pull stock markets out of
Labor costs are driving up inflation. But will inflation also drive more people back to the workforce? The annual rate of inflation slowed to 8.3% in April from 8.5% the previous month, helped by a fall in gasoline prices, but consumers still face rapidly rising costs. The March reading was the highest since 1981. The
Upstart (NASDAQ:UPST) stock lost over half its value in a single day after cutting its full-year revenue outlook The company is growing revenue and income at a fast clip despite economic headwinds UPST stock is a bargain, but that doesn’t mean shares will move higher Source: Postmodern Studio / Shutterstock.com I bought the dip in
Twitter Inc.’s chief executive said more changes were in store for the social-media company a day after he announced a hiring freeze and spending cuts to employees. Parag Agrawal, who described himself as a “‘lame-duck” CEO amid a $44 billion takeover bid by Elon Musk, said in a tweet thread Friday: “Regardless of the company’s
Like other semiconductor stocks, Nvidia (NVDA) has been hit hard in 2022 NVDA stock still trades for 16 times annual revenue and 44 times earnings When the current panic ends, investors should pounce Source: Michael Vi / Shutterstock.com Nvidia (NASDAQ:NVDA) stock is beginning to look like a bargain again. At its May 12 closing price
U.S. stock futures were pointing to a higher start for Wall Street at the end of a volatile week, after Federal Reserve Chairman Jerome Powell cooled speculation over the potential for 75-basis point rate hikes. How are stock-index futures trading? S&P 500 futures ES00, +1.17% rose 1.1% to 3,971 Dow Jones Industrial Average futures YM00,
Roblox Corporation (NYSE:RBLX) is on the run again. After plummeting from a high of $141.60 to a low of $21.65, the gaming stock appears to have bottomed out. It’s also starting to pivot higher from oversold relative strength, moving average convergence divergence, and Williams %R. Even better, the stock is shrugging off its latest earnings
The critical takeaway from the recent annual meeting of Berkshire Hathaway BRK.A, -1.36% BRK.B, -1.12% has been the least reported: the shareholder base has changed radically and the only way to assure that Berkshire endures beyond Warren Buffett is for his controlling stake be preserved after he leaves the scene. Buffett spent his life cultivating a high-quality
Despite its big drop in price, you may still think Upstart Holdings (UPST) is a steal at today’s prices. However, there’s a caveat; this fintech firm’s AI-based underwriting model could fare badly in an economic downturn. Even if you think the market has overreacted to recent earnings, you may want to still take your time.
TOKYO—Japanese technology investor SoftBank Group Corp. on Thursday reported the biggest annual loss in its four-decade history because of the global selloff in technology shares. SoftBank 9984, -8.03%, known for its $100 billion Vision Fund, reported a net loss of ¥1.71 trillion, equivalent to $13.2 billion, for the year that ended March 31. That was
Electric Vehicle juggernaut Tesla (NASDAQ:TSLA) stock will be increasing its output in its Shanghai facility to restore production to levels before new cases of the coronavirus lock down the city. An internal memo revealed that Tesla would be ramping up production to 2,600 cars a day in its Shanghai plant by mid-May. It plans to
A bill that would preserve access to abortion across the U.S. failed in the Senate on Wednesday, as a lone Democrat joined with all Republicans in blocking the legislation. Democrats were attempting to codify the landmark Roe v. Wade decision that legalized abortion nationwide, as a draft Supreme Court opinion suggests the court is poised