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Dogecoin, which started as a meme currency in 2013, has created waves and is up a whopping 26,000% over the last six months. The cryptocurrency could continue to be volatile over the weekend as Elon Musk appears on the SNL (Saturday Night Live). Musk has been among the celebrities who have endorsed the meme cryptocurrencies….
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US Treasury Secretary Janet Yellen created waves yesterday after putting forward a case for a rate hike. While she toned down her statement later, rising inflation has stoked fears that a rate hike might come sooner than many are currently expecting. Notably, in her previous avatar as the Federal Reserve Chair, Yellen began increasing rates….
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Churchill Capital IV (CCIV) stock has fallen sharply even since it announced a reverse merger with Lucid Motors. The SPAC (special purpose acquisition company) looks shaky ahead of the merger. CCIV stock was once trading at a premium of almost 550% over the IPO price of $10. None of the other major SPACs traded at…
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General Motors, the largest US-based automaker would release its first-quarter earnings on Wednesday before the markets open. What are analysts expecting from the Detroit automakers’ first-quarter performance? Last week, Ford reported its first-quarter earnings. While the company shattered analysts’ estimates in the quarter the stock fell sharply after the earnings release as it lowered its…
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NIO stock was trading flat in US premarket trading after reporting mixed first-quarter results. The company sees tepid production growth in the second quarter due to global chip shortage. NIO reported revenues of $1.22 billion in the quarter which were higher than the $1.02 billion that analysts were expecting. While the company’s GAAP EPS of…
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Ford stock was lower in US premarket trading today after reporting its first-quarter earnings. While the company posted better than expected earnings, it lowered the guidance due to the global chip shortage. Ford reported automotive revenues of $33.55 in the first quarter which were ahead of the $32.23 billion that analysts polled by Refinitiv were…
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Ecommerce giant Amazon is set to release its first quarter earnings tomorrow after the close of markets. Here’s what analysts are expecting from the Seattle-based company. The current week is very busy as leading US tech companies have scheduled their earnings for the week. Alphabet, Microsoft, and Tesla have already released their earnings while Apple…
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Chinese electric vehicle maker NIO would release its first quarter earnings on 29 April. What’re the markets expecting from the company in the quarter? The first quarter earnings season is in a full swing. Tesla would release its first quarter earnings today and analysts expect the Elon Musk-run company to post a profit in the…
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Nikola stock rose over 14% yesterday and was up sharply in US premarket trading today after the company sounded optimistic on its production plans and announced a collaboration with TravelCenters of America (TA-Petro) for hydrogen fueling stations. Nikola and TA-Petro “have agreed to collaborate on the installation of hydrogen fueling stations for heavy-duty trucks at…
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Fisker stock surged 4.5% yesterday and is up sharply in US premarket trading today after Bank of America issued a bullish note on the company forecasting massive upside for the electric vehicle startup company. Bank of America initiated coverage on Fisker stock yesterday with a buy rating and a $31 price target. The target price…
