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The US House Foreign Affairs Committee voted to give President Joe Biden powers to ban apps like TikTok that are considered a national security threat. Several US states have already banned TikTok on state devices amid growing scrutiny of the Chinese short video app. Meanwhile, lawmakers voted on partisan lines as Republicans pushed for a…
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Goldman Sachs is bullish on Chinese stocks and expects them to rise by as much as 24% this year. Here’s what makes the company bullish on Chinese stocks. Notably, Chinese stocks rebounded in Q4 2022 after the country lifted its controversial zero-COVID policy. While some Chinese stocks including names like Alibaba, NIO, and Baidu have…
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Tesla (NYSE: TSLA) has recalled 362,758 vehicles due to safety concerns over the FSD (full-self driving) software. The recall comes days after Dawn Project ran a commercial during the Super Bowl criticizing the FSD. Tesla vehicles come with Autopilot which is the standard driver assistance system. In addition, Tesla offers what it calls FSD for…
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Ford (NYSE: F) has halted the production and shipments of its F-150 Lightning pickup due to a battery issue. It looks like another trouble for the company after its CEO Jim Farley rued “execution” woes during the Q4 2022 earnings call. Ford spokeswomen Emma Bergg said, “As part of our pre-delivery quality inspections, a vehicle…
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Understanding the Fundamentals of Inflation Having an idea about what causes inflation can be vital to your business and finances. Whether you’re in the market for a new business or are just considering an investment, knowing the fundamentals of inflation can be vital to making the right choice. Demand-pull inflation Often called a demand shock,…
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Intel (NYSE: INTC) is trading sharply lower in US premarket price action today after missing both topline and bottomline estimates for the fourth quarter of 2022. Here are the key takeaways from the company’s earnings. Intel reported revenues of $14.04 billion in the fourth quarter of 2022. The revenues fell 32% YoY and were below…
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Tesla stock started 2023 on a negative note and fell to a new multi-month low on the first day of the year. It has since rebounded amid the broader market recovery. The company’s CEO Elon Musk is meanwhile defending his controversial 2018 tweet about taking Tesla private. In 2018, Musk infamously tweeted that he is…
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Apple (NYSE: AAPL) would release its earnings for the fiscal first quarter of 2023 early next month. Here’s how Wall Street sees the stock ahead of the earnings release. 2022 was a tough year for Apple and its FAANG peers. AAPL stock slumped 28% but in a solace for investors, it was the best-performing FAANG…
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Tesla (NYSE: TSLA) stock had a horrid time in 2022 and continues to look weak in 2023 as well. However, TSLA bulls are not too perturbed and see the stock rising sharply from the current price levels. Last year, Tesla stock crashed 65%. The sell-off only intensified in December and it was the worst month…
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Yesterday, Rivian (NYSE: RIVN) released its fourth-quarter production and delivery report. It missed its toned-down guidance of producing 25,000 cars in the year. Rivian produced 10,020 vehicles in the fourth quarter and delivered 8,054. In 2022, it produced 24,337 cars and delivered 20,332 of these. The company’s production fell short of its guidance. Notably, Rivian’s…
