Investors want to see electric vehicle sales grow despite headwinds such as a slowing economy. Chinese electric vehicle manufacturer NIO , Li Auto and XPeng gave them what they wanted. On Saturday, NIO (ticker: NIO) and XPeng (XPEV) reported March delivery numbers. Li Auto (LI) briefed investors late on Friday, March 31. Together, the three … Read more
A tumultuous first quarter came to a close Friday, with markets rocked by banking chaos and more rate hikes from the Federal Reserve. Still, the three-month trajectory has been particularly good for tech stocks, including chipmaker Nvidia . Indeed, the Nasdaq-100 — which includes the top 100 stocks of the Nasdaq Composite — outperformed all … Read more
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
Bitcoin price is up less than 1% in the past 24 hours to $28,600, with the largest digital asset in recent trading briefly breaking above $29,100 — the highest level since last June, when the crypto crash accelerated to a relentless bear market. After around $16,500 at the start of the year, Bitcoin’s rally has … 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
