Nikola Corporation (NASDAQ:NKLA) is under immense pressure on being accused of making an ‘Ocean of Lies’ about its technology. The junior electric car company market sentiments have since turned sour on the founder and chairman Trevor Milton, stepping down as the allegations continue to get out of hand. Nikola Waning Confidence Short selling firm Hindenburg
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Currently, the level of unemployment is very high and there are around 12 million who are out of work. The pandemic has affected over 60% of businesses that have closed doors according to Yelp and this is sad news even though equity markets seem to be performing well. It is important to note that when
The recently vacated United States Supreme Court seat left by recently passed Justice Ruth Bader Ginsburg is possibly affecting the US markets. Historically when there is worry in the market there is a saying the stocks “climb a wall of worry” but that isn’t the case right now. Of course, market moves are for multiple
Multibillionaire Ronand Perelman is on a selling spree. And he’s selling because he’s trying to lighten his portfolio. Someone who at one point was considered the richest man of America, he was at one time worth almost $20 billion, is shrinking his reach as he is getting older. Now he’s selling some of his more
Stock market close on Monday reported yet another day of solid decreases across all three of the New York Stock Exchange top markets. The NASDAQ, Dow and S&P 500 all saw a drop throughout the first day of the week. The Dow Jones The Dow Jones Industrial Average Index reported a decrease of 509.72
Tesla Inc. (NASDAQ:TSLA) is a stock that has kept on giving, a trend that has seen it outperform the overall stock market. A spike to record highs above $2,000 a share propelled co-founder and CEO, Elon Musk, to the third richest person in the world with a net worth of more than $110 billion. Similarly,
Walmart Inc. (NYSE:WMT) is raising the minimum wage for its employees, even as the COVID-19 pandemic continues to take a toll on the traditional retail landscape. A good number of brick and mortar are struggling to stay afloat as the epidemic continues to disrupt shopping patterns. Amid the COVID-19 shocks, the nation’s largest retailer believes
The three major New York stock exchanges saw another decrease today, with the NASDAQ falling a total of 116.99, the Dow Jones 244.56, and the S&P 500 37.54. With the second straight day of decreasing stocks for all three New York exchanges, it’s difficult to say what the new week may bring. The NASDAQ closed
The stock market went through a number of different changes and adjustments throughout the day and some of this news is information you won’t want to miss. If you’re looking for just the top headlines and financial news based on the market this is what you need to know. Tech companies are continuing to drop
Claims of an unidentified flying object (UFO) maneuvering the skies of New Jersey have been shot down. Social networking sites were a buzz of activity on Monday as some residents in the city claimed to have spotted and shared videos of what appeared to be a UFO navigating the skies. New Jersey UFO It all
Midday sales for several of the top brands were dramatic through Thursday, including sales for companies such as Dave & Buster’s Entertainment, Domino’s Pizza, Herman Miller and Tesla, with several companies seeing dramatic increases while others fell. Stores and companies that saw their market revenue decrease included Tesla, Dave & Buster’s Entertainment, Snowflake and First
All three major stock markets saw a decrease today including the Dow Jones, NASDAQ and S&P 500 Indexes. These decreases represent a variation in stock prices with numbers rising and falling frequently throughout the day before hitting their ultimate closing prices. The Dow Jones reported a decrease of 130.4 points, representing a decrease of 0.47%.
Home office sales are starting to surge as more and more people are setting up their spaces to work from home. And those increases are starting to effect the market, especially Herman Miller, which saw 35% increases in their shares. Their home office category of products increased 300% over the sales that they had received
The real estate industry seems to be doing well, given the amount of investments streaming into the sector. In the aftermath of the COVID-19 pandemic, investors have flocked the industry in pursuit of highly undervalued properties and investments. Berkshire Hathaway, which has been on an investment spree, is the latest to bet big on U.S.
Cryptocurrency mainstream adoption is gaining traction going by recent developments in the burgeoning sector. Bahamas is the latest country to affirm a strong interest in the blockchain revolution with plans to launch a national cryptocurrency. Bahamas National Cryptocurrency The Caribbean island nation has confirmed plans to launch a central bank-issued cryptocurrency in October. Sand Dollars
Stock market close has been relatively mixed for the day with the Dow Jones reporting an overall 0.13% increase while both the NASDAQ and the S&P reported losses. NASDAQ finished down 1.25% while the S&P finished down 0.46%. Stocks within each market reported ups and downs. The Dow Jones The Dow Jones Industrial Average Index
Retail spending has continued to increase year-over-year in the United States after a freefall in March and April. In fact, in August retail spending, consisting of spending in restaurants, stores, service stations and online, celebrated its fourth straight month of increase, though the pace of that increase is slowing down slightly. The increase for the
Amazon announced Monday that they would be adding to their streaming service with their own podcast service, which seems to have attracted investors away from other streaming services. In fact, Spotify shares have dropped each day since the Monday announcement, starting down an additional 6% on Wednesday. The market for podcasts is quite competitive, and
Chinese firms are increasingly feeling the effects of escalating tensions between Beijing and Washington. While the focus has been on TikTok and Huawei in recent months, China National Chemical Corp is the latest, to feel the fallout effects. The state-owned firm is struggling to elicit strong demand on unveiling $3 billion worth of bonds. China
Strong demand for cloud-computing offerings amid the work-from-home spectacle is poised to give rise to one of the biggest Initial Public Offerings, in one of the most challenging market environments. Cloud storage software maker, Snowflake is planning to go public as it looks to take advantage of investors pouring money into the cloud market. Snowflake
TikTok has reached a landmark deal that, if approved, would safeguard its operations and future in the U.S. Oracle Corporation (NYSE:ORCL), and ByteDance have reached an agreement that will see TikToKs operations merged with Oracle. However, the viral video sharing app will not be acquired outright as initially thought. ByteDance has already confirmed it will
The upcoming U.S presidential election is the most heated and pivotal in recent history. A divided country along racial and policy lines means a lot is at stake, more than ever. Democratic presidential aspirant Joe Biden and the current officeholder President Donald Trump have already traded jibes as to why they are best suited for
TikTok is closing in on a landmark deal that could safeguard its future in the U.S. According to people familiar with the matter, ByteDance, the parent behind the viral video sharing app, is pressing forward with plans for a sale despite recent concerns. TikTok Sale Uncertainty In the recent past, there have emerged reports that
Cryptocurrency mainstream adoption is gaining traction. An influx of institutional investors in the nascent field continues to accelerate adoption. Likewise, Mode Global Holdings is planning to go public, banking on the growing demand for crypto-focused investments in the market. Mode Global Holdings IPO The Bitcoin banking app is to go public as a part of
The U.S has always been considered one of the safest and best places to do business and invest. A robust legal system complimented by a government that has always stayed away of private entities has seen it top the charts as a global destination for real estate investment. However, not anymore. Deteriorating relations between the
Exchange-Traded Funds have performed exceedingly well as extreme levels of volatility and uncertainty forced investors to pursue diversified exposure in the market. Building up with the ETF frenzy, a new Cannabis ETF has hit the market as the need to provide investors with diversified exposure to the burgeoning segment continues to heat up. Pure U.S
The number of Chinese companies pursuing secondary listing in the aftermath of escalating tensions between the U.S and China is on the rise. Alibaba Group Holding Ltd (NYSE:BABA) and Xiaomi are the latest tech heavyweights to see their stocks listed in the Hang Seng Index as focus shifts to the Hong Kong Stock market. Secondary
Tensions between the U.S and China are heating up as Washington threatens to ban yet another Chinese company. China’s largest chipmaker, Semiconductor Manufacturing Corporation, is the latest to find itself at crossroads amid spiraling relations between the two tech and economic powerhouses. Entity List Designation The U.S Department of Defense is in discussions over the
Unilever is inching close to eliminating fossil fuels from its product line. The household good company has confirmed plans to invest €1 billion in cutting carbon emissions generated by chemicals used in the making of its household products. Unilever €1 Billion Fossil Fuel Reduction Plan As part of the clean future initiative, the company plans
Amazon.com, Inc. (NASDAQ:AMZN) could soon shorten delivery times to less than 30-minutes after securing a crucial regulatory approval. The Federal Aviation Administration has issued the e-commerce giant a certificate that paves the way for the company to start using drones to deliver items. The Part 135 Air Carrier certificate is of the company’s fleet of
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