Stocks cling to gains ahead of BIg Tech, Fed; BA, GM rally after earnings
Stock futures were slightly higher at the start of an eventful Wednesday, during which Big Tech executives will testify before Congress and the Federal Open Market Committee will release its July monetary policy statement. A host of quarterly corporate…
The 400% Tesla Rally Was Only The Beginning Of The EV Boom
The fate of the $2-trillion auto industry is now sealed: In this double disruption that’s defying the global pandemic, Tesla (NASDAQ:TSLA) has gained over 433%, sailing past a $1,500 share price and a $300-billion valuation. And absolutely everyone tied…
Teflon Tesla? Elon Musk Qualifies for a $2.1 Billion Payout as Stocks Continue to Rally
Click here to read the full article. The economy may be in dire straits for most, but not so for Elon Musk. The Tesla CEO just received a major payday––and it happens to be the largest of its kind. Due to yet another in a long string of stock surges for…
Stocks Rise While Tech Rally Falters; Oil Gains: Markets Wrap
(Bloomberg) — U.S. stocks rose for a third day, though the surge in megacap tech shares wobbled, as Congress negotiated a fresh relief package and European leaders agreed on a landmark recovery plan. Oil jumped. The S&P 500 added to its highest…
Stocks Hit Highest Since February on Tech Rally: Markets Wrap
(Bloomberg) — U.S. stocks advanced to the highest since February, with the stay-at-home trade thriving even as investors received encouraging news on a potential virus vaccine. The dollar weakened to an almost six-week low. The S&P 500 turned…
Ford Mustang Mach-E Renderings Explore An Electric Rally SUV
This looks fun. Love it or hate it, the Ford Mustang Mach-E will soon be on the road. Some see the model as a bastardization of the Mustang name and history, while others see it as the next step in the brand’s storied history. Either way, it’s here for…
Nasdaq ‘Fear Gauge’ Flashes Warning Signs About Tech Rally
(Bloomberg) — There are more signs of possible trouble ahead for high-flying technology stocks, this time from gauges of expected volatility. One alert stems from the widest spread since 2004 between the Cboe NDX Volatility Index, a measure of…
Tech Firm’s 2020 Rally Exceeds 100% With Deal for AI Startup
(Bloomberg) — Software provider Kinaxis Inc. surged to a record high as it completed a deal for Rubikloud Technologies Inc. to boost its artificial intelligence capabilities. Ottawa-based Kinaxis, whose clients include Unilever NV and Lockheed…
Stocks Snap Two-Day Rally; Bond Yields Decline: Markets Wrap
(Bloomberg) — Technology shares led U.S. stocks lower for the first time in three days with investors continuing to rotate out of this year’s top performers. Treasuries gained with American initial jobless claims posting their smallest weekly…
Stocks Snap Two-Day Rally Amid Rotation From Tech: Markets Wrap
(Bloomberg) — Technology shares pushed U.S. stocks lower for the first time in three days after investors rotated out of this year’s top performers. Treasuries gained with American initial jobless claims posting their smallest weekly decline since…