Here are five things you must know for Tuesday, October 4: 1. — Stock Futures Higher as October Relief Rally Enters Day 2U.S. equity futures were firmly higher on Tuesday after posting a broad-based rally on Monday that snapped a sharp losing streak that saw the Dow Jones Industrial Average and the S&P 500 rack…
Biotech investors have no shortage of troubles at the moment. They may soon need to add a soaring U.S. dollar to the list. Twist Bioscience (TWST) , 10x Genomics (TXG) , and others that serve as the engine for the biotech and synthetic biology sectors generate only about half to two-thirds of their revenue from…
Elon Musk is not a Chief Executive Officer like the others. Tesla’s (TSLA) boss is atypical. He refuses to obey the rules often imposed on executives of public companies. The billionaire did not hesitate to relaunch the showdown with the U.S Security and Exchange Commission (SEC) despite a 2018 settlement with the regulator. In September…
The third quarter was a record time for Tesla (TSLA) , the powerhouse that dominates the electric vehicle market. The company, whose activities are closely watched because they are an important indicator of the health of the auto sector, announced on Oct. 2 new vehicle delivery and production figures higher than the previous quarter. Tesla…
When it comes to investing, time is your friend. The stock market returns an average of 9% every year when you look at it over decades. That doesn’t mean your money will grow by that much every year — there will be volatility — but if you invest in the stock market, your money will…
Elon Musk wants to transform civilization as we know it. The richest man in the world wants to be remembered as a visionary and not as a simple entrepreneur who knew how to detect the direction of the wind of innovation. The tech tycoon wants to differentiate himself from Steve Jobs, the revered founder of…
Elon Musk has accustomed his millions of fans to great promises. He hasn’t been shy about promising self-driving vehicles for 2018. He was back at it in 2018, when he promised that Version 9 of the FSD feature would begin rolling out in August. He did it again during Tesla Autonomy Day in 2019, proclaiming…
Inflation, which is at its highest for 40 years, is a headache for consumers. From food to gasoline to just about everything else, inflation is burning household budgets. Aware of how reduced household spending could hobble the economy — consumption is, after all, the engine of American growth — the Federal Reserve has started to raise interest…
U.S. equity futures deepened their recent declines Monday, while the dollar extended its relentless march against its global peers, as investors retreated from risky global markets amid widespread disruption in currencies and increasing concerns of a near-term recession. An overnight slump in the pound, which briefly dragged the British currency to an historic low of…
Las Vegas Sands (LVS) shares lead U.S. casino operators sharply higher Monday after officials in the city of Macau, the world’s largest gaming hub, agreed to allow tour groups from mainland China for the first time in nearly three years. Macau, a Special Administrative Region of the People’s Republic of China, said group visits -…
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