Tag: industry

October 4, 2023

The stock market is gearing up for a relief rally after an interest rate-driven decline that sent the S&P 500 lower by 8% over the past two months. That’s according to Fairlead Strategies’ founder Katie Stockton, who said in note […]

October 3, 2023

U.S. auto-industry sales continued to rise in the third quarter, with automakers and buyers largely unfazed by higher interest rates and the impact of a continuing United Auto Workers strike. Automakers sold an estimated 3.9 million new cars and trucks […]

October 2, 2023

Bitcoin’s rise to a minor resistance at the mid-September high of 27500 raises the odds that the two-month-long decline could be over. This follows a hold above strong support at the June low of 24750, which has kept intact the […]

September 29, 2023

Tesla — Stock in the electric vehicle company added 1.5% in midday trading Friday. Canaccord Genuity reiterated a buy rating on the EV stock on Thursday ahead of vehicle deliveries data. Elsewhere, Citi remained neutral on Tesla and reduced its […]

September 27, 2023

Sirius XM — Shares of the media company fell roughly 2% in premarket trading. A day earlier, Liberty Media proposed combining the Sirius XM tracking stock with the radio company. A special committee composed of board members of Sirius XM […]

September 26, 2023

Fisker — Shares of the vehicle development company surged 4.1% during premarket trading after Bank of America reinstated coverage with a buy rating. BofA said Fisker offers investors “pure-play exposure to the rapidly growing EV market” and that it has […]

September 21, 2023

Cisco Systems, Splunk — Shares of Cisco fell 3.9% Thursday after the company said it is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion. Splunk’s stock price popped 19.1% on news […]

September 21, 2023

France 40: Retail trader data shows 50.49% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Sep 14 when France 40 traded near 7,344.90, price has […]

September 18, 2023

U.S. News & World Report published its oft-criticized rankings of undergraduate colleges Monday, trumpeting methodology changes that evaluate social mobility outcomes after some institutions abandoned the product. Despite U.S. News factoring in metrics like post-college earnings, the hierarchy of top-ranked […]

September 13, 2023

KeyCorp (KEY) reiterated its financials Tuesday, sending its shares higher — a rally that’s been seen in the wider financial sector recently. The stock, however, edged lower after Wednesday’s open on Wall Street. That’s because, according to Jim Cramer, investors […]

September 6, 2023

Laura Cosgriff gets daily phone calls from local contractors looking for students to employ — and the frequency of those calls has increased in recent years. The construction technology coordinator for Lorain County Community College in Elyria, Ohio, said the […]

September 5, 2023

At the start of pay negotiations, which take place every four years ahead of the expiry of existing contracts in September, the leaders of the big three US carmakers traditionally shake hands in front of the cameras with the leader […]

August 30, 2023

What do toothpaste, deodorant, soap, cameras, computers, gasoline, heating oil, jet fuel, car tires, contact lenses and artificial limbs have in common? If oil vanished today, these and many other vital products and services that use oil or its derivatives […]

August 23, 2023

WTI crude oil prices may be reading to extend lower following recent technical developments, especially on the 4-hour chart. For now, let us focus on the daily setting. Oil is currently on course for a second consecutive weekly loss, which […]

August 18, 2023

Energy bills in the final three months of 2023 are projected to drop before increasing in 2024, according to research firm Cornwall Insight, as they expect strikes at Australian gas facilities will bring up gas prices. Higher gas prices means […]

August 17, 2023

United Real Estate Group (United) has been named for the seventh time to the internationally respected Inc. 5000 list, ranking No. 711 among 5,000 of America’s fastest-growing private companies. Although our market has significantly contracted, we continue to grow by […]

August 17, 2023

Despite Thursday’s push higher, WTI crude oil prices are on course to drop -3.5 percent this week so far. Not only would that be the worst week since early May, but it would also bring a 7-week winning streak to […]

August 15, 2023

Discover Financial Services — Shares slipped 6.5% after CEO Roger Hochschild resigned. The company said board member John Owen would assume the role of interim chief executive. Turnstone Biologics — Stock in the biotechnology company slipped 2.3% in premarket trading. […]

August 9, 2023

Crude oil prices have rallied nearly 24 percent since finding a bottom in June. In fact, the commodity is on course for a 7th consecutive week of gains. If confirmed, this would be the longest winning streak since January 2022. […]

August 7, 2023

For all those who are not Tesla Inc (NASDAQ:TSLA) or one of the biggest Chinese EV makers, the EV venture is wildly risky ride that makes profitability seem like mission impossible sometimes. Although Kelley Blue Book reported that EV sales […]