Fisker Inc.’s electric Ocean SUVs won’t qualify for a revised federal tax credit for EVs that requires them to be built at domestic plants. Fisker Inc. Fisker Inc., a Los Angeles-based ele...
Category: Finance
Live Finance News Updates.
Is there room for more upside? Experts weigh in
It’s been a strong 2022 for energy stocks. The S&P 500’s XLE (XLE) is up more than 40% since the beginning of January — by far outperforming the broader market. In June and July, overbought energy...
Avalanche price analysis: AVAX crashes below $22 as bears takeover
Avalanche price analysis shows slight recovery in price as it settles near $22.84 level. After more than expected interest rate hike by the US Federal Reserve, the AVAX/USD pair fell from the $26.50 t...
Colombia Soon to Launch A CBDC to Reduce tax Evasion and Facilitate Transactions
With the aim to facilitate transactions and mitigate tax evasion, Colombia is planning to introduce a central bank digital currency (CBDC). Head of the Colombian Tax and Customs Office, Luis Carlos Re...
Huobi Stablecoin Briefly De-Pegs From US Dollar Due to Liquidity Issues
The stablecoin of crypto exchange platform Huobi briefly de-pegged from the US dollar due to liquidity problems. The stablecoin, HUSD, dipped to as low as $0.87 before its liquidity crisis was resolve...
Serena Williams pushes Selena Gomez’s startup to $100 million valuation
In the same Vogue feature where Serena Williams announced her possible retirement after the U.S. Open, the tennis star said she’ll continue to prioritize investment in women-owned businesses. Days la...
Chef Kwame Onwuachi’s New York City Homecoming, The Capital Of Tea, And Will Inflation Cause A Recession?
Kwame Onwuachi has the news leading my week: The Bronx-born chef is making a big return to his hometown, with a restaurant set to debut inside the revamp of David Geffen Hall at Lincoln Center this fa...
Gina Sanchez reveals a stock that’s good for both inflation and recession
Kimberly Clark Corp (NYSE: KMB) has recovered more than 12% from its low in mid-June but Gina Sanchez (Chief Market Strategist at Lido Advisors) says the stock has potential for more. Kimberly Clark h...
‘No Mardi Gras,’ New Orleans Mayor Warns If Police Shortage Persists
Topline New Orleans Mayor LaToya Cantrell (D) is warning the city’s iconic Mardi Gras festivities could be called off next year due to a significant police shortage, marking by far the biggest e...
GM stock is about to dust Tesla stock, analyst says
Back up the Corvette and shovel General Motors stock into the trunk, one top Wall Street auto analyst says in a new note to clients on Friday. Citi’s Itay Michaeli came out with an $87 price tar...
Utah Judge Pauses Ban On Transgender Girls Competing In School Sports
Topline A Utah judge on Friday temporarily blocked a state ban preventing transgender girls from participating in K-12 sports, as an increasing number of lawsuits have been filed in states across the ...
David Tepper Buys Constellation Energy, Adds To Kohl’s Position
Summary The investor entered a stake in ConstellationDAG Energy. He added to his Kohl’s position. Tepper trimmed his holdings of Micron, Occidental and PG&E. Appaloosa Management leader Davi...
Tesla Short Scott Burg Makes Multibillion-Dollar Bet Against Elon Musk’s Firm
(Bloomberg) — While Elon Musk has plenty of Wall Street detractors, Scott Burg may be the first distressed-bond manager to make a multibillion-dollar options bet that Musk’s Tesla Inc. will be “...
Signing Shortstop Elvis Andrus Could Be A Solid Move For The Chicago White Sox
Oakland Athletics’ Elvis Andrus runs the bases after hitting a two-run home run during the seventh … [+] inning of the team’s baseball game against the Texas Rangers in Arlington, Te...
3 Dividend Growth Stocks for Long-Term Income
Dividend stocks are often classified by the size of their yields. After all, most investors looking for income will naturally focus on the highest-yielding stocks. But income investors should not imme...
NBA Top Shot Creator Dapper Labs Will Launch NFL All Day
NFL All Day is the new NFT collection associated with the National Football League. It is similar to NBA Top Shot digital collectible owned by Dapper Labs. Patrick Mahomes will serve as the face of co...
Michigan Judge Blocks Local Prosecutors From Enforcing Pre-Roe Abortion Ban
Topline Michigan’s 1931 abortion ban will remain blocked, extending a previous order that only blocked the law’s enforcement for a few weeks, as a state judge ruled Friday that local prosecutors can’t...
Gazprom to Shut Pipeline for Three Days in New Shock to Europe
(Bloomberg) — Gazprom PJSC will stop delivering natural gas to Europe through its main pipeline for three days, further squeezing energy supplies just as Germany is trying to build up stocks for...
CBS Won’t Get Fooled Again, Pays Billion-Plus To Broadcast Big Ten And Champions League
Luka Modric of Real Madrid celebrates a March victory. (Photo By Oscar J. Barroso/Europa Press via Getty Images) Europa Press via Getty Images A lesson learned can pay dividends decades down the line....
Disney, Netflix and Comcast Just Made a Huge Content Mistake
Walt Disney (DIS) dominates the box office and has quickly launched an incredibly successful streaming service because it owns some of the world’s most popular intellectual property. The company...
India, The Rising Power, Is Seeking Oil From The Middle East And Russia
Indian Prime Minister Narendra Modi is welcomed by UAE’s President Mohammed bin Zayed Al Nahyan in … [+] Abu Dhabi, UAE on June 28, 2022. (Photo by Presidential Affairs Ministry – UA...
2 Buy-Rated Dividend Stocks Yielding at Least 7% (With Solid Upside to Boot)
The stock market might be at a crossroads once again. In recent weeks, we’ve seen some solid gains, mostly across the board, as a rally has taken hold and moderated year-to-date losses on the major in...
ETHPoW Trend Appears Coming to an End
Potentially a duplicate Ethereum protocol dubbed as ETHPoW (IOU) launched this month itself. Forming a cyclic pattern, users started buying the crypto as crypto exchanges, one after another, listed th...
Covid Stocks Face Their Next Challenge And There Are Billions Of Dollars At Stake
The Biden administration is planning to stop paying for Covid vaccines and treatments, shifting the financial burden to consumers as the pandemic relief fund dries up. The move is likely to generate a...
Bank Of America Warns Of ‘Textbook’ Bear Market Rally, Predicting New Lows For Stocks
Topline Though stocks have mounted a stunning comeback from June lows as investors grow more optimistic about cooling inflation and the Federal Reserve potentially scaling back interest rate hikes, th...
Rivian Drops Cheapest Versions of Its Electric Truck and SUV Models
Electric-vehicle startup Rivian Automotive Inc. is discontinuing the cheapest versions of its pickup truck and SUV models, citing low customer demand. Eliminating the base version, dubbed the Explore ...
The Chips Are Down…Lam And Micron Are Buys
President Joe Biden speaks during an event to support legislation that would encourage domestic … [+] manufacturing and strengthen supply chains for computer chips in the South Court Auditorium ...