Lucid Group (LCID) – Get Lucid Group, Inc. Report is not done with bad news. The Californian luxury electric vehicle maker, which started car production five months ago, has still not found a way to solve its production problems. And it’s not sure things will get any better anytime soon. In any case, this is the…
Here are five things you must know for Monday, February 28: 1. — Stock Futures Slump As Russia Extends Ukraine Invasion, West Doubles-Down on SanctionsU.S. equity futures slumped lower Monday, while oil prices tested fresh 2014 highs amid a broader rally in commodities prices, as fighting between Russia and the Ukraine entered its fifth day…
High-end electric vehicle maker Tesla (TSLA) – Get Tesla Inc Report and its charismatic CEO Elon Musk have undoubtedly transformed the automotive industry. Even Musk’s critics and naysayers — and there are many of them — are forced to acknowledge that the billionaire forced all vehicle manufacturers to convert to electrification. Who would have imagined five…
If any retailer is going to ever challenge behemoth Amazon (AMZN) – Get Amazon.com, Inc. Report, the competition will likely come from another giant like Walmart (WMT) – Get Walmart Inc. Report. But the task of taking on Jeff Bezos’s e-commerce juggernaut Amazon Prime is a huge one as Statista estimated in 2020 it had about…
Russia’s invasion of Ukraine puts tech giants in an untenable situation. According to the posts on social media, they must choose their side. Elon Musk, the CEO of high-end electric vehicle manufacturer Tesla (TSLA) – Get Tesla Inc Report, and incidentally the richest man in the world, finds himself in a delicate position. He was…
The cryptosphere continues to mobilize for Ukraine after the Russian invasion. Digital currency donations to charities and the Ukrainian military continue to climb. Since Thursday, the first day of the invasion, more than $5 million in cryptocurrency has already been raised, according to last data rom blockchain analytics firm Elliptic. “Cryptocurrency donations to the Ukrainian…
Throughout the history of financial markets, there are times when certain groups of stocks appear to be unstoppable. This is when investors can potentially make life-changing returns and should be fully exposed to the upside that equities have to offer. On the other hand, there are also periods when nearly everything seems to be working…
Russia’s invasion of Ukraine prompted a barrage of financial sanctions aimed at isolating and punishing Moscow. President Joe Biden, for example, has limited exports to Russia and imposed sanctions on Russian banks and other state-owned enterprises. But neither the U.S. nor Europe has yet threatened to block Russia’s access to the SWIFT system, a consortium…
Investors are fighting a war on two fronts, Jim Cramer told his Mad Money viewers Wednesday. First, there’s the crisis in Ukraine, where there are still many unanswered questions as to the direction things are headed. Then there’s our domestic war, the war on inflation, where there are also unanswered questions as to when, and…
Bank of America has created a list of technology stocks with attractive features. Of course, tech stocks haven’t fared well lately. The tech-heavy Nasdaq Composite has slid 14% year to date. “BofA Client Flow data indicate that institutional clients were larger net sellers of tech stocks in January than in any other month over the…
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