Key News Asian equities were largely higher on light volumes. Japan and Hong Kong were off slightly while India (Moharram), Pakistan (Ashura), and Singapore (National Day) were closed for the holiday. Tomorrow we have the highly anticipated July CPI print. I am referencing China’s CPI, which is expected to be 2.9% (tongue in cheek). As…
A Texas jury in Alex Jones’ defamation trial rendered a verdict, ordering Jones to pay $45.2 million in punitive damages plus $4.1 million in compensatory damages to Neil Heslin and Scarlett Lewis, parents of a 6-year-old boy killed in the Sandy Hook school shooting. Jones broadcast false claims that the shooting was staged by “crisis…
Michael Saylor, chairman and CEO of MicroStrategy, speaks during a panel discussion at the Bitcoin … [+] Conference, Thursday, April 7, 2022, in Miami Beach, Fla. Thousands of cryptocurrency enthusiasts are gathering in Miami as the city builds its reputation as one of the key locations to develop the blockchain technology despite its underdog status.…
After a much stronger than expected jobs number, Wall St. braces for a weaker open. (Photo by Angela … [+] Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) AFP via Getty Images Key Takeaways Much Stronger than Expected Jobs Number Consumers Keep Consuming Dropping Commodity Prices Could Ease Inflation Heading into earnings, one…
Democrats’ new clean energy package would allow auto dealers to collect the electric vehicle tax … [+] credit directly. getty The recently proposed Congressional Inflation Reduction Act of 2022 includes significant changes relating to electric vehicle tax credits. The proposal not only extends the electric vehicle credit, but also removes the current phaseout of the…
Topline Shares of Carvana and Beyond Meat surged Friday, making them the latest companies to be rewarded by investors after announcing layoffs or cost cuts in recent weeks amid a challenging economic environment, as Wall Street analysts have largely cheered the cost-saving measures. Analysts largely cheered the cost cuts amid ongoing fears a recession is…
Topline The stock market fell Friday after the U.S. economy added back a better-than-expected 528,000 jobs in July, with investors now anticipating that a strong labor market will keep the Federal Reserve on its path of aggressive interest rate hikes to bring down inflation. A blowout jobs report helped ease recession fears but raised concerns…
Topline Shares of electric vehicle maker Tesla rallied in after-hours trading Thursday as the company won shareholder approval for a 3:1 stock split, the second such move in around two years, as the world’s most valuable automaker looks to make its stock more affordable. Tesla’s stock has risen over 30% since announcing the proposed stock…
PARIS, FRANCE – JANUARY 15: In this photo illustration, a visual representation of the digital … [+] Cryptocurrency, Bitcoin is displayed on January 15, 2018 in Paris, France. Bitcoin is a fully dematerialized and decentralized electronic money that has seen an incredible increase in 2017. Cryptocurrencies, including Bitcoin, Ethereum, Ripple and Litetcoin, have experienced unprecedented…
Sen. Joe Manchin talks with the media after a hearing on hydrogen pipelines CQ-Roll Call, Inc via Getty Images In a major win for automakers and future electric vehicle buyers, tax credits for the purchase of EVs are likely to get a new lease on life, thanks to a surprise deal between Sen. Joe Manchin…