After the start of the year that Tesla stock has had, first-quarter deliveries better beat Wall Street expectations. Shares of Tesla (ticker: TSLA) ended the first quarter up more than 68%, its best-ever Q1 performance. In second place: the first quarter of 2012, when shares rose 30.4%. The first quarter of this year is the … Read more
Shares of Micron Technology plummeted Friday after Chinese regulators said they were launching a review of Micron products sold in the country, threatening a key market for the chipmaker. Cyberspace Administration of China, one of the country’s top technology regulators, said Friday it is conducting a cybersecurity review of products sold by Micron in China. … Read more
Virgin Orbit Holdings (ticker: VORB) fell 42.6% to about 20 cents after its aerospace launch said it would cut 85% of its workforce. The job cuts occurred “in light of the company’s inability to raise meaningful funding,” according to a filing. Virgin Orbit has been trying to raise additional funding since mid-March and has suspended … Read more
Bed bath & beyond Inc. said it will try to sell up to $300 million of common stock on the open market while terminating a fundraising deal with hedge fund Hudson Bay Capital Management LP in the troubled home goods retailer’s latest effort to to avert bankruptcy. The Union, NJ-based company broke its deal with … Read more
Ali Baba ‘s plan to split itself into six parts has been welcomed by investors who see it as a way to unlock value in the Chinese tech giant. Over the past two years, the share has been plagued by a wave of regulatory pressure. On Wednesday, the stock was up another 2% above $100, … Read more
AMC shares rose Tuesday amid rumors Amazon could bid for the movie theater chain, and was poised for more gains on Wednesday. Exuberance – this is a “meme stock” after all – is understandable, but investors need to see what Amazon stock is doing. That is to say: very little. Amazon (ticker: AMZN) lost 0.8% … Read more
AMC shares rose Tuesday amid rumors Amazon could bid for the movie theater chain, and was poised for more gains on Wednesday. Exuberance – this is a “meme stock” after all – is understandable, but investors need to see what Amazon stock is doing. That is to say: very little. Amazon (ticker: AMZN) lost 0.8% … Read more
Shares of Micron Technology were slightly higher at the end of trading on Tuesday after the memory chip company posted financial results for its fiscal second quarter, which ended March 2, that were roughly in line with expectations as a weak market for PCs and smartphones continued to weigh on the company’s results. Micron also … Read more
The Internal Revenue Service will refine the rules for which electric vehicles are eligible for which tax credits at any given time. It may result in buyers getting less benefit. However, there are still a few days left to get a higher amount. If you buy an electric car in 2023, you may want to … Read more
I am trying to get some outside guidance to be able to retire in the next 5 years Unpleasant 7 years. I amI have to work until I am 59 1/2 to use retirement funds. We have about $1.4 million in 401(k) and Roth accounts, $30,000 in stock, a rental house that we owe $245,000 … Read more