Prices for some used Lucid (ticker: LCID) and Rivian Automotive (RIVN) vehicles, with a few thousand miles on the odometers, were higher than their new counterparts, according to a Barron’s analysis of Cars.com listings data that was aggregated by the website. For comparison, the and are down about 15% and 6%, respectively.
Ryan Olohan was told there were "obviously too many white guys" on his management team.
Inflation made the headlines through most of last year, for all the worst reasons: it ran far too high, peaked above 9% in June, and the inflationary pressures pushed down hard on stock markets. The Fed jacked interest rates up their highest level in over a decade, risking recession to fight the rise in prices. Today, inflation is still in the headlines, although the tone has shifted. The annualized rate is trending downward; the December number came in at 6.5% year-over-year. While this is good
Lucid shares fall after initially rising on talks of a possible buyout from the Saudi Arabian Investment Fund.
AGNC Investment (AGNC) delivered earnings and revenue surprises of 10.45% and 91.78%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Exxon Mobil Corp posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion. The scale has renewed criticism of the oil industry and sparked calls for more countries to levy windfall profit taxes on the companies.
Today's video focuses on recent news impacting Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). The consumer market continues to be a massive headwind for these semiconductor giants, but is there some good news for the chip industry? Check out the short video to learn more, consider subscribing, and click the special offer link below.
A number of media companies filed to get the court to release the names of the people who co-signed Bankman-Fried’s $250 million bail bond.
McDonald's (MCD) posted its fourth quarter earnings results Tuesday before market open that beat analyst expectations.
Johnson & Johnson stock is down slightly on Monday afternoon over concern of the fallout from the talcum powder lawsuits.
"While our results clearly benefited from a favorable market, the counter-cyclical investments we made before and during the pandemic provided the energy and products people needed," said CEO Darren Woods.
General Motors is developing a lithium deposit mine in Nevada to directly source the material, which is critical for making batteries to power electric vehicles.
The pharmaceutical company is bracing for a top-line dip. Pfizer said it expects Covid-19 vaccine sales to drop to $13.5 billion in 2023.
Johns Hopkins University professor of applied economics Steve Hanke shares his outlook on the upcoming Federal Open Market Committee decision on interest rates and the current state of the money supply.
Yahoo Finance Live’s Rachelle Akuffo discusses the decline in stock for Alibaba following rumors that the e-commerce company is moving its headquarters to Singapore, despite the company denying reports.
Robinhood (NASDAQ: HOOD), a digital trading platform based in Menlo Park, California, gained immense popularity among millennials and Gen Z investors in recent years. During the peak of the COVID-19 pandemic, Robinhood Markets saw an influx of attention, as its commission-free platform allowed traders to seamlessly and inexpensively buy stocks and options in highly popular names. A surge in the buying and selling of so-called "meme stocks" resulted, with many experts citing the rise of retail investors via platforms like Robinhood as one of the determining factors behind a number of high-profile short squeezes seen last year.
Plug Power Inc (NASDAQ: PLUG) has entered into a long-term strategic partnership with sustainable technologies provider Johnson Matthey Plc (OTC: JMPLF) (OTC: JMPLY) to boost the green hydrogen economy. JM will become an important supplier of MEA components, providing for Plug's demand for catalysts, membranes, and catalyst coated membranes (CCM). PLUG expects the partnership to strengthen its supply chain and help meet the growing demand for fuel cells and electrolyzers. The partnership will su
(Bloomberg) -- Universa Investments, the hedge fund advised by “The Black Swan” author Nassim Taleb, told clients that ballooning debts across the global economy are poised to wreak havoc on markets rivaling the Great Depression. Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the Housing SlumpTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointThe 'Big Shift' That's Finally Causing Ren
Airbus and Boeing have set the stage for the next chapter in their titanic rivalry by remodelling two of the world's largest buildings - gutted by changes in air travel. As the last Boeing 747 leaves its factory later on Tuesday, part of the company's historic wide-body plant has been earmarked for production of in-demand smaller jets, matching a change of focus at the home of the defunct Airbus A380. The moves ease doubts over the future of Boeing's under-used Everett plant north of Seattle, the world's largest building by volume, and the empty Jean-Luc Lagardere A380 assembly hall in Toulouse, the world's second largest by usable space.
Buy and hold forever? Not always.
Costco has a tremendously loyal customer base with an over 90% membership renewal rate worldwide and an even higher rate in the United States (92.5%) in its most recent quarter. Currently, Costco charges $60 for a Gold Star membership and $120 for an Executive membership. Executive members have been rising in importance for the company.
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