5 things to know before the stock market opens Thursday

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures essentially flat following Wednesday’s declines Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters US stock futures were essentially flat Thursday, as … Read more

Shares of China EV maker BYD jump after exec announces Tesla battery deal

Shares of China EV maker BYD jump after exec announces Tesla battery deal

This photo from Dec. 2019 shows robotic arms spray painting a car body shell at the BYD Automobile Company Limited Xi’an plant. BYD is set to supply Tesla with batteries “very soon,” a senior company executive told a Chinese state media anchor. Yuan Jingzhi | Visual China Group | Getty Images Shares of electric vehicle … Read more

Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far

Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far

Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Mark Bello | Getty Images Elon Musk and Cathie Wood took aim at index funds in a Twitter thread, arguing that passive investments … Read more

Lucid, Nikola, Fisker report as Wall Street eyes production

Lucid, Nikola, Fisker report as Wall Street eyes production

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. andrew kelly | Reuters Investors holding beaten-up electric vehicle stocks are bracing for first-quarter … Read more

Warren Buffett-backed BYD shrugs off China’s lockdowns

Warren Buffett-backed BYD shrugs off China’s lockdowns

hong kong CNN Business — BYD, the Warren Buffett-backed Chinese electric vehicle maker, had a bumper month in the world’s largest car market, despite strict Covid lockdowns that have disrupted production and sales for many of its major rivals. The company reported Tuesday that its sales of electric vehicles and plug-in hybrids soared 313% in … Read more

5 things to know before the stock market opens Friday, April 29

5 things to know before the stock market opens Friday, April 29

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Tech pressures Wall Street premarket; data shows inflation still high Traders on the floor of the NYSE, April 28, 2022. Source: NYSE 2. Amazon falls on ugly forecast and slowest growth since dot-com bust Andy Jassy, ​​CEO … Read more

Elon Musk sold around $4 billion worth of Tesla shares as he moved to buy Twitter

Elon Musk sold around  billion worth of Tesla shares as he moved to buy Twitter

Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves while arriving to a discussion at the Satellite 2020 Conference in Washington, DC, on Monday, March 9, 2020. Andrew Harer | Bloomberg | Getty Images Elon Musk sold roughly $4 billion worth of Tesla shares in the days following his bid to take … Read more

Judge rules for Elon Musk in $13 billion lawsuit over Tesla-SolarCity deal

Judge rules for Elon Musk in  billion lawsuit over Tesla-SolarCity deal

Tesla Chief Executive Officer Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker in 2016 to acquire SolarCity Corp, where Musk was chairman and the largest shareholder, a Delaware judge ruled on Wednesday. Tesla (TSLA) shareholders had accused Musk of coercing Tesla (TSLA)’s board into buying SolarCity, a struggling rooftop … Read more

5 things to know before the stock market opens Wednesday, April 27

5 things to know before the stock market opens Wednesday, April 27

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street to open higher after Nasdaq’s nearly 4% plunge Traders work on the floor of the New York Stock Exchange. NYSE US stock futures bounced Wednesday, getting a boost from Dow stock Microsoft’s more than 5% … Read more

Ford F-150 Lightning electric pickup could win first-mover advantage

Ford F-150 Lightning electric pickup could win first-mover advantage

A Ford F-150 Lightning on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – Ford Motor is set to be the first automaker to bring a mainstream, full-size electric pickup to the US market, poised to capitalize on a first-mover advantage in what’s expected to be a hotly … Read more