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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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
Bitcoin crawled back to the $11,000 level after struggling for direction on pulling back from a one-year high of $12,400 in August. However, the flagship cryptocurrency is struggling to hold on to gains above the $11,000 handle as a resurgent dollar continues to curtail any upside gains. Bitcoin Pull Back Fuelling doubts of further upside
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
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
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
Bitcoin has struggled to show any distinctive price movement after coming under pressure above the $12,000 level. The flagship crypto has come down tumbling and clinging on to support slightly above the $10,000 level. The sell-off came at the backdrop of the U.S Dollar strengthening across the board after crushing in the past few months.
U.S corporate debt has hit a new milestone and could pose significant dangers should the economic downturn persist. A new report by Bank of America analysts indicates that U.S corporations owe creditors as much as $10.5 trillion, nearly half the total U.S GDP. U.S Corporate Debt The massive debt holdings in the form of bonds
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
Samsung has scooped a major deal validating its push for opportunities for growth, in the wireless industry. A $6.6 billion 5G contract from Verizon Communications Inc. (NYSE:VZ) is the latest deal that affirms the South Korean Conglomerate ambitions in becoming a key supplier of 5G infrastructure. Samsung $6.6 Billion 5G Contract The $6.6 billion 5G
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
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
Rising yields is the latest headache that the U.S Federal Reserve faces as it tries to reinvigorate an economy struggling to bounce back from the shackles of COVID-19. In recent days long term yields have risen to two-month highs, all but threatening economic growth. Rising Long Term Yields The 30-year had its finest run yet,
Tuesday took the markets higher across the board, with the Dow Jones Industrial Average climbing 0.76%, the Nasdaq up 1.39%, and the S&P 500 rising 0.75%. The European Stoxx 600 was down 0.35% with travel and leisure shares among the worst performers. Amazon continues its growth and flirted with a share price over $3,500 today,
Yum China Holdings Inc. (NYSE:YUMC) is ready to bounce back from the ashes of COVID-19 that threatened its existence in the first half of the year. The Chinese restaurant juggernaut is plotting a secondary share listing in Hong Kong. The company is looking to raise more than $2.5 billion from the offering taking advantage of
PayPal Holdings Inc. (NASDAQ:PYPL) has once again moved to affirm its dominance in the payment business in response to the growing e-commerce trend. The payment giant has moved to give the Australian payment company Afterpay a run for its money in the fast-growing installment loan business. Push For Installment Payments Buy now and pay in
Markets today finished mixed for Monday. The Dow Jones Industrial Average was down 0.78%, while the S&P 500 slipped just 0.22% and the Nasdaq was up 0.68%. The European Stoxx 600 dipped 0.62% today. Zoom saw a big leap of 17% in extended-hours trading following their earnings reports. The Dow’s composition changed on Monday with
The oil industry is one of the hardest hit ever since the COVID-19 pandemic triggered lockdowns and social distancing policies. Demand for the black gold plunged to all-time lows with prices following suit and crashing below the negative level. Thus, it does not surprise that oil stocks followed suit, plunging, and struggling to bounce back
Bitcoin is one of the best performing alternative asset classes giving the stock market a race for its money. A 30% plus rally since the start of the year attests to strong demand for the flagship cryptocurrency that is increasingly arousing institutional investors’ interest. Buoyed by the digital asset strong demand, Fidelity Investment is reportedly
Thursday markets were mixed and the Dow briefly turned positive for 2020, before slipping back down before the markets closed. The Dow ended up being up 0.6%, while the S&P 500 inched 0.2% higher, and the Nasdaq fell 0.3%. The Stoxx Europe 600 Index fell 0.6% to 370.72, this was the biggest fall in a
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