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Apple stock is trading flat in early US price action today as broader markets look for direction after the sharp rebound yesterday. The stock has slumped this year after hitting its all-time high on the first trading day of 2022. Apple has announced that the new Mac would be available later this week. The model…
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Last week, Chinese EV (electric vehicle) companies including NIO, Xpeng Motors, and Li Auto released their June delivery report. This being the end of the second quarter, Tesla, which sells the most electric cars globally, also released its delivery report. Here are the key takeaways from Chinese EV companies’ June deliveries. Key takeaways from Chinese…
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General Motors (NYSE: GM) stock is trading lower in early US price action today after the company released its second-quarter delivery report. While the largest US-based automaker warned of continued supply chain issues, it maintained its guidance for the year. GM delivered 582,401 vehicles in the US in the second quarter of 2022, which was…
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Micron would release its fiscal third-quarter earnings today after the close of US markets. Here is what Wall Street analysts are expecting from the chipmaker whose stock is trading near its 52-week lows. Analysts polled by TIKR expect Micron to report revenues of $8.6 billion in the fiscal third quarter which ended in May, 16.6%…
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US stock markets rose sharply on Friday and closed the week in the green. Nike, which is set to release its earnings on Monday after the close of markets gained almost 5%. The stock is still down 32% for the year and is underperforming the S&P 500. Nike’s earnings are coming at a time when…
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Tesla’s CEO Elon Musk has confirmed that the company is laying off employees and around 3.5% of its workforce would be impacted by the decision. Tesla is also facing a lawsuit in the US over mass layoffs. Tesla and its CEO Elon Musk have been in news since April when the world’s richest person offered…
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US stock markets have come off their record highs amid the uncertainty over the omicron variant of the COVID-19 virus. The weak November jobs report also added to the pessimism. What should investors expect from the US stock markets in December? Notably, apart from concerns over slowing growth and high inflation, the gradual tightening by…
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Emerging market equities, which also include Chinese stocks attract a lot of interest from investors. However, despite all the promise of economic growth in the world’s second-largest economy, Chinese markets have mostly disappointed over the last decade. The Shanghai Composite Index is up only about 2.6% for the year, underperforming the global markets by a…
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The US Federal Reserve’s two-day meeting is scheduled for this week. It’s widely expected that the Fed would announce tapering at this meeting even as markets are speculating on the quantum and timeline. Last year, the US Fed slashed rates to zero bound and embarked on an aggressive bond-buying program in a bid to stabilize…
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David Tepper of Appaloosa Management is among the most famous hedge fund managers. In a recent interview, he has expressed his views on stock markets and cryptos. Here’s what the iconic fund manager thinks of different asset classes. Tepper sounds bearish on the stock markets. “I don’t think it’s a great investment right here,” he…
