NIO is starting to deliver cars in Norway. Now two Chinese startup electric vehicle makers have extended their brand and sales beyond China.
(Bloomberg) -- Members of the Walton family have sold 16.7 million shares of Walmart Inc. this year as they try to keep their stake in the world’s biggest retailer from ballooning amid the company’s stock buybacks.The Walton Family Holdings Trust sold $430 million worth over the past week, taking their total sales to almost $2.1 billion since Jan. 1, according to Securities and Exchange Commission filings. The notifications were filed on behalf of second-generation family members Alice, Rob and
The resignations of founder and CEO Steve Burns and Chief Financial Officer Julio Rodriguez come as the company's board reported conclusions from an internal investigation into claims made by short-seller Hindenburg. Lordstown acknowledged that it had overstated the quality of pre-orders for the company's electric trucks, but rejected as false Hindenburg's accusations that it had overstated the viability of its technology and misled investors about its production plans. The company named lead independent director, Angela Strand, as executive chairwoman to oversee the firm's transition until the appointment of a permanent CEO.
Pent-up demand, pandemic savings, back-to-office mandates -- experts say it will all add up to a historic wave of people leaving their jobs.
Lordstown Motors Corp. shares slid 14% premarket, after the electric pick-up truck company announced a series of sweeping changes in its leadership team on Monday, as it seeks to transition from the research and development phase to the commercial production stage of its business. Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from the company with immediate effect. The company has engaged an executive search firm to help find permanent CEO and CFO. In the
(Bloomberg) -- The size and type of defaults that have occurred in China in recent times indicate that the notion of “too big to fail” may no longer apply to the nation’s borrowers, according to Goldman Sachs Group Inc.There has been a noticeable up-tick in defaults by Chinese state-owned enterprises since late 2019 and some of the borrowers that have failed to repay debt recently such as China Fortune Land Development Co. have had large amounts of outstanding bonds, analysts including Kenneth H
Prices of the world's No. 1 crypto on Sunday trade sharply higher after digital-asset bull Elon Musk says Tesla would resume allowing transactions at the vehicle-maker's stores when key members of bitcoin infrastructure can confirm that 50% of the energy used to mine for bitcoin is derived from clean energy sources.
(Bloomberg) -- Global bond investors are on the prowl for emerging markets that are ahead of the game on inflation.TS Lombard recommends funds buy local debt from Brazil, where a third interest-rate hike is expected when officials meet Wednesday. PineBridge Investments praised inflation tough talk from Bank of Russia Governor Elvira Nabiullina and predicted gains for the nation’s longer-maturity bonds.Central bankers in the developing world are treading a fine line managing price pressures in pl
The president's speech follows El Salvador's adoption of bitcoin as legal tender.
(Bloomberg) -- Trying to keep up with the frenzied rise of so-called meme stocks might feel a bit like playing a game of whack-a-mole, bewildering analysts and investors alike.While there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit icon GameStop Corp. jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record
The classic mix of stocks and bonds may be a relic of an age long past.
Wages are soaring and jobs opening are at record highs as workers feel empowered to put a price on their dignity.
Let’s talk about growth stocks. These are stocks that have shown strong and sustained share price appreciation, sometimes ranging into triple-digit gains over the course of a year or more. In short, these are stocks that make investors say, “If only I’d bought in when…!” There’s no point dwelling on the past. A savvy investor, aiming to build a growth-oriented portfolio, will set up a profile for a solid growth stock, and look to match it. The factors to look for: that strong appreciation we men
Ethiopia on Monday launched a tendering process for the proposed sell-off of a 40% stake in state-owned carrier Ethio Telecom to private investors, part of the government's broader plan to open up the Horn of Africa country's economy. Interested investors can now submit so called expressions of interest (EOI), the first of a series of stages that will lead to picking of a successful bidder, Zinabu Yirga, Deputy Director of Public Enterprises Holding and Administration Agency told a press conference in the capital Addis Ababa. "The government want(s) state-owned enterprises to be competitive and productive," Zinabu said, explaining the authorities' motivation for selling a part of Ethio Telecom to private operators.
(Bloomberg) -- Shares of companies controlled by billionaire Gautam Adani recouped a part of their day’s losses after refuting a local report that said accounts of three Mauritius-based funds that own the group’s stocks were frozen.The Economic Times reported Monday that National Securities Depository Ltd. froze the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund. It said the action was probably due to insufficient disclosure of information regarding beneficial ownership
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on five names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Workhorse Group Inc. recently was downgraded to Sell with a D rating by TheStreet's Quant Ratings.
A Texas hospital system’s mandatory COVID-19 vaccination policy for employees can stand after a federal judge on Saturday dismissed a closely watched lawsuit from workers refusing to get the shot.
A flurry of bearish catalysts for Tesla (TSLA) stock appear to be piling up. Investors who have bought and held this stock over the past decade have seen absolutely insane returns. The question of whether Tesla has grown to a size that doesn’t make sense anymore is a topic of conversation for many investors. At this point, the company has been valued at just shy of $600 billion. (See Tesla stock analysis on TipRanks) For investors on the fence with Tesla, it pays to be aware of some bearish cata
Bitcoin is the first decentralized peer-to-peer payment network and cryptocurrency. Its value is determined by users and not central governments or banks.
You could receive up to $300 per month for each of your kids through the end of the year.
Mortgage rates fall back ahead of this week’s FED policy decision in spite of inflation fears. Weaker NFP numbers may have eased pressure on the FED to make any immediate moves…