Elon Musk is not a Chief Executive Officer like the others. Tesla's boss is atypical. The billionaire did not hesitate to relaunch the showdown with the U.S Security and Exchange Commission (SEC) despite a 2018 settlement with the regulator.
The stock market is often a game in reverse psychology. That is, when the mood gets too euphoric, it’s often a sign it is time to sell. Likewise, when sentiment hits the skids, that could be the ultimate signal the time is right to load up the truck. And on that subject, J.P. Morgan’s Marko Kolanovic thinks we are at – or at least near – the bottom. The firm’s global market strategist believes the Fed’s hawkish stance has left stocks “very oversold,” and while inflation remains persistently high
(Bloomberg) -- Pakistan’s small textile mills, which make products ranging from bedsheets to towels mainly for consumers in the US and Europe, are starting to shut after devastating floods wiped out its cotton crop.Most Read from BloombergCredit Suisse CEO Seeks to Calm Markets as Default Swaps ClimbTesla Deliveries Miss Estimates, Slowed by Logistic SnarlsOPEC+ to Consider Output Cut of More Than 1 Million BarrelsGet Ready for Another Bear-Market Rally, Strategist Emanuel SaysUkraine Latest: Ze
(Bloomberg) -- Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Most Read from BloombergCredit Suisse CEO Seeks to Calm Markets as Default Swaps ClimbTesla Deliveries Miss Estimates, Slowed by Logistic SnarlsOPEC+ to Consider Output Cut of More Than 1 Million BarrelsGet Ready for Another Bear-Market Rally, Strategist Emanuel SaysUkraine Latest: Zelenskiy Says Lyman ‘Fully Cleared’ of RussiansMedian home prices fell 0.98% in August from a month
The bear market in software stocks has already lasted far longer than the typical decline, according to MoffettNathanson,
Buy and hold forever? Not always.
Futures rise with the bear market at lows. Tesla deliveries hit a record in Q3, but fell well short of Q3 views. China EV makers reported too.
The stock market sell-off of 2022 led to a sharp decline in the value of some high-profile names that once traded at (or near) the eye-popping market cap of $1 trillion. Tesla (NASDAQ: TSLA) and Meta Platforms (NASDAQ: META) are two big tech names that became trillion-dollar companies before the broad market sell-off dented their market caps significantly. Tesla, for instance, currently has a market cap of $840 billion.
This has not been a good time for Ford (NYSE: F) stock; its price is down nearly 44% year to date as bad feelings have taken hold among analysts. Ford expects its third-quarter inflation-related supplier costs to run $1 billion higher than expected as a number of high-margin trucks and SUVs, with missing components due to supply shortages. Menawhile, Ford president Jim Farley has reorganized his executive lineup once again.
TikTok plans to bring its live shopping "TikTok Shop" feature to North America using outsourced technology.
Tesla delivered about 344,000 vehicles in the third quarter. That fell short of Wall Street estimates. Tesla blamed cars in transit.
Chrome's controversial new Manifest V3 extension platform is coming in 2023.
MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. Since the start of the year, mortgage rates have been trending upwards — and according to many experts, this trend will likely continue through October. Echoing that sentiment, Kate Wood, home expert at NerdWallet, says interest rates for 30-year fixed-rate loans appear to be staying over 6% and products like the 15-year fixed and the 5-year ARMs are averaging over 5%.
Wharton professor Jeremy Siegel rips the Fed in a Yahoo Finance Live interview.
While the automaker hit a record high number of deliveries, the figure was below analyst expectations.
Billionaire Richard Liu, founder of one of China's largest e-commerce platforms JD.com, has settled a civil suit brought by former University of Michigan student Liu Jingyao, who had accused him of rape. The suit was part of a long-running legal battle between Richard Liu and Liu Jingyao, who was a 21-year-old student in 2018 when she said Richard Liu raped her after an evening of dinner and drinks. A statement from the lawsuit's parties, and provided to Reuters by JD.com, said: "The incident between Ms. Jingyao Liu and Mr. Richard Liu in Minnesota in 2018 resulted in a misunderstanding that has consumed substantial public attention and brought profound suffering to the parties and their families."
The Bank of England has been liaising with Swiss authorities after an attempt by Credit Suisse to calm nerves instead stoked fears of further turbulence in the financial system.
If this indicator, which has called bear market bottoms before, is accurate, the stock market would have a lot further to fall.
Technology use is up, unstructured playtime is down and the time kids spend outside decreases every year. Can mobile video games change that?
Yes, Carnival reported a bigger-than-expected loss but in this case, unlike taking a cruise, it's the destination not the journey for the cruise lines.