October 2, 2024
“Private companies added 143,000 jobs in September, an acceleration from 103,000 in August and better than the 128,000 consensus forecast, ADP reported Wednesday. Job gains were fairly widespread, with leisure and hospitality leading at 34,000, followed by construction (26,000) and… Continue Reading…
October 2, 2024
“Tesla posted third-quarter deliveries and production numbers on Wednesday. The company’s stock price jumped 32% in the quarter, which ended on Monday. Tesla faces increasing competition, most notably in China…” https://www.cnbc.com/2024/10/02/tesla-tsla-q3-2024-vehicle-delivery-and-production-numbers.html
October 2, 2024
“Stocks could see a 10% drop by the end of the year, Stifel’s Barry Bannister says. The bank’s stock-strategy chief pointed to the slowing job market and the potential for sticky inflation. He added that interest rates likely aren’t dipping… Continue Reading…
October 2, 2024
“…The company’s debt is on track to balloon further after it agreed to buy Frontier Communications (NASDAQ: FYBR) in a $20 billion all-cash deal. However, it recently made a counter move to cash in the value of its tower assets, which will bring… Continue Reading…
October 2, 2024
“According to Pew Research, the median income for middle-class households reached $106,100 in 2022. That’s a 60% jump from the $66,400 median income in 1970. While that sounds impressive, it’s worth noting that upper-income households saw an even larger increase of 78%,… Continue Reading…
October 1, 2024
“…UiPath: 212% implied upside… Going forward, Wall Street expects UiPath to grow sales at 10% annually through fiscal 2026 (ends April 2026). That estimate leaves room for upside because the RPA market is forecasted to grow at 40% annually through… Continue Reading…
October 1, 2024
“…Chinese regulators have discouraged companies from purchasing Nvidia’s H20 chips, which are used to develop and run AI models, Bloomberg News reported late Friday. That policy has taken the form of guidance rather than an outright ban, as Beijing wants… Continue Reading…
October 1, 2024
“NIO’s shares in Singapore and Hong Kong surged after a unit of the Chinese electric vehicle maker secured a capital injection…” https://finance.yahoo.com/m/5f41df4f-9a28-32ee-85ac-4f1e41f77a45/nio-shares-jump-after-unit.html News behind paywall. Just know it’s good news for this company.
October 1, 2024
“…Salt water exposure can damage the battery components in electric vehicles, potentially leading to dangerous chemical reactions that could cause the vehicle to catch fire. Residents who may have left electric vehicles behind when they evacuated from affected areas are… Continue Reading…
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