Stocks

“Hedge funds turn cautious on stocks to start 2025, dumping shares at fastest pace in 7 months”

https://www.cnbc.com/2025/01/07/hedge-at-start-of-2025-are-dumping-shares-at-fastest-pace-in-7-months.html The article is behind a paywall but I want to say a couple things about the headline. This is good news for highly shorted stocks like GME and AMC. Hedge funds don’t seem so bold now. Lets see how… Continue Reading…

Business

“Which US companies are pulling back on diversity initiatives?” [DEI]

“McDonald’s joins a growing list of companies that are pulling back on diversity, equity and inclusion initiatives. Like others before it, the fast-food chain cites a U.S. Supreme Court decision in July 2023 that outlawed affirmative action in college admissions… Walmart The world’s… Continue Reading…

Stocks

“Nvidia stock closes at new record ahead of CEO Jensen Huang’s CES keynote”

“Nvidia (NVDA) stock closed at a record high on Monday ahead of CEO Jensen Huang’s keynote address at the annual Consumer Electronics Show (CES) in Las Vegas. Shares rose more than 3% to $149.43 — north of Nvidia’s previous record closing price… Continue Reading…

Stocks

“Foxconn beats estimates with record fourth-quarter revenue on AI demand”

“…TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers. Revenue for Apple’s biggest iPhone assembler jumped 15.2% to T$2.13… Continue Reading…

Business

“Nikola’s hydrogen-powered truck deliveries to dealers rise 22% in Q3”

“The EV maker delivered 88 Class 8 hydrogen fuel cell trucks to dealers in the quarter, in line with its expectations of selling 80 to 100 units. But that lagged the 80% sequential surge in deliveries reported in the second… Continue Reading…

Cryptocurrencies

“Bitcoin tumbles back toward $60,000 as tensions in the Middle East rise”

“…Bitcoin has struggled to break its ceiling of $70,000, though the $55,000 threshold has provided strong support for the crypto asset. Some investors are doubtful that October will be the month it finally comes back to life, but most remain… Continue Reading…

Business

“Stellantis U.S. auto sales extend free fall in third quarter”

“Stellantis reported U.S. sales Wednesday of 305,294 from July through September, a 19.8% decline from the third quarter of 2023. The company was expected to be the worst sales performer of major automakers during the third quarter. Stellantis’ disappointing sales… Continue Reading…

Economy

“Private payrolls show better-than-expected growth of 143,000 in September, ADP says”

“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…

Stocks

“Tesla stock slips after EV maker misses estimates on deliveries”

“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