Nio Inc., a Chinese electric-vehicle maker, experienced a wider annual loss as it faced intense competition in the world's largest EV market, while its deliveries fell short of its sales target and it did not announce any major product launches for 2024.
AMD has faced obstacles in selling an AI chip for the Chinese market due to export restrictions imposed by the US government to prevent China's access to advanced technology, leading to decreased chip sales for companies like Nvidia.
Fox's new streaming bundle, which includes 16 live sports channels, is expected to cost between $40 and $50 per month, making it a competitive option for sports-loving cable subscribers.
Dow Jones futures and other major indexes fell on Tuesday as Apple stock dropped due to slowing iPhone sales in China, while Cathie Wood's Ark Invest funds sold nearly $31 million worth of Coinbase stock.
The Biden administration implements a rule capping credit card late fees at $8 in an effort to eliminate "junk fees" and save Americans up to $10 billion per year, while also forming a "strike force" to tackle unfair pricing in various sectors.
Target stock rallied to its highest level since April after the company exceeded fourth-quarter earnings expectations, with earnings increasing 57.7% and revenue rising 1.7%.
The U.S. government has announced new regulations that will limit credit card companies from charging customers more than $8 for late payment fees, a move aimed at promoting competition and curbing unfair pricing, but the policy is expected to face legal challenges from the banking industry.
Super Micro Computer has graduated to the S&P 500, making room for new midcap giants like Erie Indemnity, Celsius Holdings, and Vistra, which are now the most valuable stocks in the S&P Midcap 400 index after Super Micro and Deckers Outdoor moved.
US stock futures slid on Tuesday as uncertainty over interest rate cuts and the strength of tech stocks raised concerns among investors, prompting a retreat from record highs.
Tesla halts production in Germany after a suspected arson attack on a high-voltage power pylon, causing a power outage at the assembly plant near Berlin and raising concerns over the automaker's expansion plans.
Apple's iPhone sales in China fell 24% in the first six weeks of 2024, while Huawei's sales rose 64%, sparking concerns of a demand slowdown for Apple.
Spotify suggests that Apple may engage in "malicious compliance" in response to the $2B antitrust fine, similar to their previous actions against third-party app stores, indicating that the dispute between the two companies is far from over.
The "Magnificent Seven" stocks, consisting of Microsoft, Apple, Nvidia, Amazon, Alphabet, Meta Platforms, and Tesla, have had strong performance in recent years, but only four are currently recommended as great buys due to factors such as pricing and growth potential. Microsoft and Apple are considered less attractive, while Nvidia is a potential buy but not as enticing as the other four. The remaining four stocks, Amazon, Alphabet, Meta Platforms, and Tesla, are seen as more attractive options with various reasons for purchase.
Target shares rise as the company surpasses analyst predictions, with CEO Brian Cornell outlining plans for growth through new store openings, private-label brands, and a rival to Amazon Prime; Apple faces pressure after seeing a 24% decline in iPhone sales in China, and receiving a $2 billion fine from EU antitrust regulators over app store rules; Yahoo Finance trending tickers include Tesla, NIO, and MicroStrategy; key guests for the day include Craig Johnson, Michael Fiddelke, and Peter Beck.
Former CEO Parag Agrawal and other executives are suing Elon Musk and X/Twitter for $128 million over alleged unpaid severance, claiming Musk fired them without reason to avoid paying their benefits and used his wealth and power to run roughshod over anyone who disagreed with him.
The New York Attorney General is suing over 30 companies and individuals, including Yellowstone Capital and its founder David Glass, for exploiting small businesses with fraudulent loans disguised as merchant cash advances, seeking at least $1.4 billion in interest and fraudulent fees.
The power supply to Tesla's factory in Berlin has been cut off after an arson attack on a nearby electricity pylon, and it is unclear when production will resume.
The stock of Tesla declined due to lower China-made EV deliveries in February, reflecting a slowdown in demand and increased domestic competition.
The success of the new Dodge Charger is crucial for Stellantis as the brand faces an identity crisis and an extensive lineup reduction, with Dodge being on the verge of losing itself unless the new Charger lives up to expectations.
Advanced Micro Devices Inc. (AMD) has encountered obstacles in its attempt to sell an AI chip designed for the Chinese market due to US government restrictions on technology exports to China.
Target Corporation reported fourth-quarter and full-year 2023 results, with both periods benefiting from an additional week of sales compared to the previous year. Q4 GAAP and adjusted EPS were $2.98, while full-year GAAP and adjusted EPS were $8.94, representing significant increases compared to 2022. The company's operating income margin rate and cash from operations also saw improvements.
China aims to achieve 5% economic growth this year, with plans to boost spending on advanced technology, fortify the military, support the economy, issue long-term bonds, and implement a new development model for the housing market.
Apple and Tesla's underperformance in the stock market, along with the announcement of China's economic growth target and the U.S. Supreme Court's ruling on disqualifying candidates, are among the key factors impacting the day ahead in U.S. and global markets.
Electric vehicle maker Nio reported a narrower loss in Q4 but expects sales to decrease in the current quarter, with revenue projected to range from a decline of 1.7% to a gain of 3.8%.
A SpaceX Falcon 9 rocket launched a satellite called MethaneSAT, built to detect methane emissions from the oil and gas industry, in an effort to provide high-quality empirical data and promote transparency in reducing methane pollution.
Nvidia stock has experienced a significant increase of 258% in the past year, driven by the success of its specialized data center chips and the surge in demand for AI processing.
Advanced Micro Devices (AMD) is poised for success in the AI market, with the potential for significant gains due to partnerships with tech leaders and the development of new AI chips.
Tesla's Gigafactory Berlin had to shut down and evacuate after a suspected sabotage caused a significant power outage, adding to the factory's recent challenges including supply issues and opposition from local residents.
China's new premier, Li Qiang, has unveiled measures to revive the country's stagnating economy, including fiscal austerity measures and plans for around 5% economic growth, while also increasing defense spending by 7.2%.
JetBlue and Spirit Airlines have decided to end their planned merger due to legal obstacles and the inability to complete the acquisition by their deadline of July 2024.
The Biden administration has formed a "strike force" aimed at combating unfair and illegal prices that burden consumers, as inflation remains a concern leading up to the November election.
President Biden is taking action to lower costs for Americans by cracking down on unfair pricing, slashing credit card late fees, combating high internet costs, supporting small farmers, and eliminating junk fees, which will save over $20 billion annually.
U.S. stocks dropped for a second day, driven by a slump in technology shares and cautious investor sentiment ahead of remarks by Federal Reserve Chair Jerome Powell and labor-market data.
The US Postal Service's program for ordering free COVID-19 tests will stop accepting orders on Friday, March 8, so individuals should place their orders before that date if they want to receive the tests.
Real estate tycoon Truong My Lan is facing the death penalty in Vietnam's largest financial fraud case, accused of embezzling $12.5 billion and using thousands of ghost companies and bribes to illegally control a bank; this high-profile corruption case has raised concerns and impacted Vietnam's economic outlook.
Former top executives at Twitter have filed a lawsuit against Elon Musk, claiming that he owes them over $128 million in unpaid severance after firing them without cause and making up fake reasons to avoid payment.
Former senior executives of Twitter have filed a lawsuit against Elon Musk and X Corp, claiming they are owed over $128 million in unpaid severance payments after being fired without cause following Musk's acquisition of Twitter.
Amazon founder Jeff Bezos has reclaimed the title of the world's richest person with a net worth of $200 billion, surpassing Tesla CEO Elon Musk, due to the sustained rally in Big Tech shares driven by the artificial intelligence boom.
Starting this month, the controversial over-the-counter birth control pill called Opill will be available in the US, allowing women of all ages to purchase it without a prescription, drawing mixed reactions.
Four former Twitter executives have filed a lawsuit against Elon Musk and X Corp, claiming $128 million in severance benefits and accusing Musk of firing them without reason and making up fake cause.
China has set its GDP growth target at 5% for the year, acknowledging challenges such as regional tensions, an aging population, and a challenging labor market, as well as emphasizing the importance of high-quality development.
Bitcoin reached a new all-time high, surpassing its previous record and benefiting from the approval of exchange-traded funds and increased interest from traditional investors.
SpaceX successfully launches crew to the International Space Station and deploys 53 commercial satellites, including a methane emissions monitor, in less than 24 hours.
Jeff Bezos has reclaimed the title of the richest person on earth, surpassing Elon Musk, with a net worth of $200 billion compared to Musk's $198 billion, according to the Bloomberg Billionaires Index.
Amazon founder Jeff Bezos surpassed Elon Musk as the world's richest person after Tesla's stock dropped, with Bezos having a net worth of $200 billion compared to Musk's $198 billion.
The FAA found manufacturing quality control issues in Boeing 737 Max and Spirit AeroSystems production processes, prompting Boeing to develop a plan to address the problems.
The European Union has fined Apple nearly $2 billion for imposing unfair restrictions on rivals, particularly Spotify, by preventing them from informing users about cheaper subscription options outside of iPhone apps. Apple plans to appeal the decision.
Apple has been fined 1.8 billion euros ($1.95 billion) by the European Commission for preventing music streaming services from informing customers about cheaper subscription options available outside of the iOS app.
Investment firms Arkhouse Management and Brigade Capital Management have made a larger all-cash buyout offer to Macy's of $24 per share, which the company's board will review, following concerns about the firms' financing capabilities and the lack of value in their previous proposal. Macy's has been contemplating closing underproductive stores and focusing on its higher-end brands.
New York Community Bancorp (NYCB), once a stock-market darling, is now in serious trouble after revealing weaknesses in its ability to monitor risks and experiencing a significant drop in its stock value, highlighting the challenges faced by regional banks in the current financial climate.