On Thursday, Tesla Inc.’s shares fell below the $150.00 support level as executives pushed to reinstate a $56.00 billion pay deal for Elon Musk. The Austin-based automaker’s stock plummeted by 3.59% to $149.86 apiece on April 18, extending the losing streak to five sessions. Furthermore, market analysts anticipate a 2.29% decline to $146.43 per share …
Tesla Tumbles on Attempts to Restore Elon Musk Pay Package Read More »
According to reports, US wheat farmers foresee ongoing profitability challenges in 2024 due to global oversupply, low prices, and high equipment and transportation costs. On Thursday, wheat futures for May contracts rose by 0.76% to $5.41 per bushel in the Asian afternoon session. Meanwhile, the condition of the US wheat market will severely impact winter …
Wheat Prices Recover as US Farmers Face Economic Woes Read More »
On Wednesday, Advanced Micro Devices (AMD) shares tumbled as fears of losses in China eclipsed the introduction of the Ryzen Pro 8000 Series. The California-based semiconductor company’s stock shed 5.70% to $154.14 per share on April 17 but recovered by 0.21% after-hours. Nevertheless, industry experts predict a 1.33% rebound to $156.19 apiece in the coming …
AMD Stock Falls Despite Unveiling of Ryzen Pro 8000 Series Read More »
On Tuesday, Rivian Automotive’s shares surged after UBS upgraded the electric vehicle (EV) maker’s rating from Sell to Neutral. The California-based carmaker’s stock jumped 3.69% to $8.71 per share on April 16, snapping a four-session losing streak. Furthermore, market analysts anticipate a 1.23% gain to $8.60 apiece in the following trading day. Investment bank UBS …
Rivian Stock Spikes After Receiving a UBS Rating Upgrade Read More »
Taiwanese chipmaking giant Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to see an increase in its profit for the first quarter on Thursday due to a boom in artificial intelligence (AI) chips. The profit of the world’s largest contract chip manufacturer is estimated at a 5.0% rise in the three months ending March 31. The …
Copper prices surged as Russian Copper Company (RCC) and Chinese firms allegedly evaded taxes and sidestepped Western sanctions by trading disguised copper wire rods. On Monday’s Asian afternoon session, Copper futures ending in May contracts increased by 0.69% to $4.29 per pound. Sources disclosed that copper wire rods were processed into shreds within the Xinjiang …
Copper Rises Amid Russia-China Trade Tactics: Report Read More »
On Friday, Intel Corporation’s shares tanked after China issued new guidelines telling telecom carriers to stop using Intel chips by 2027. The California-based tech giant’s stock retreated 5.16% to $35.69 per share on April 12, followed by a 0.20% after-hours slide. Moreover, industry watchers anticipate a 0.62% decline to $35.47 apiece in the coming market …
Intel Sinks as China Tells Telecom Firms to Ditch Its Chips Read More »
Nikola Corp.’s shares sank on Thursday after Chairman Steven Shindler pressed for a reverse stock split to prevent a potential NASDAQ delisting. The stock of the Arizona-headquartered automaker plunged 26.73% to $0.72 per share on April 11, followed by a 0.58% after-hours slide. Furthermore, market analysts predict a 2.16% stumble to $0.70 apiece on the …
Nikola Tumbles on Reverse Split Push, NASDAQ Delisting Fears Read More »
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