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Lucid Motors stock (NYSE: LCID) is trading sharply lower in US post-market price action today after the company announced a $3 billion capital raise – its second stock sale in less than a year. The company announced a public offering of 173,544,948 shares through which it would raise around $1.2 billion. It would raise another…
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Former Lordstown Motors’ (NYSE: RIDE) CEO Steve Burns sold 4,345,647 shares between May 5 and May 15 as the former executive continues to trim his stake in the troubled EV (electric vehicle) company. Burns stepped down as the company’s CEO in June 2021 months after Hindenburg Research accused the company of misconduct. Along with Burns,…
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Moomoo is a California-based trading platform. The broker offers commission-free trading to US investors and there are no inactivity costs either, which is a major benefit. The platform has numerous analytical tools, facilitates short selling, and is accessible via a cell phone app as well We found the account opening process to be fast and…
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Amazon (NYSE: AMZN) has been on a cost-cutting spree and has announced two rounds of mass layoffs this year. Wall Street analysts are meanwhile turning bullish on the stock amid the aggressive cost cuts. In January, Amazon announced that it would lay off 18,000 employees which were higher than the 10,000 job cuts that it…
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After around a month of rumors, Meta Platforms (NYSE: META) has announced its second round of mass layoffs. Would other tech peers follow suit? Last year, Meta Platforms laid off 11,000 employees which were 13% of its workforce. Now, the company has said that it would lay off another 10,000 people and close another 5,000…
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SVB Financial (NYSE: SIVB) stock fell over 60% yesterday and had its worst performance since its 1987 listing. The stock is down sharply in aftermarkets today after it announced a fire sale of bonds. In a mid-quarter update yesterday, SVB said that it has sold all of its AFS (available for sale) securities valued at…
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US stocks crashed yesterday and the Dow Jones turned negative for the year after Fed chair Jerome Powell spooked markets yet again with his hawkish comments during the Congressional testimony. Powell said that interest rates would be higher than what the US central bank had previously anticipated. The December dot plot showed that FOMC members…
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Chinese tech stocks crashed today amid the escalations in US-China tensions following the shooting down of suspected Chinese spy balloon by the US. After the balloon incident, Secretary of State Antony Blinken also canceled his Beijing visit. US-China tensions have not come down in Biden’s tenure and if anything, they might have only increased. Biden…
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Amazon stock (NYSE: AMZN) is trading lower in premarkets after it reported its earnings for the fourth quarter of 2022. While the company’s performance in the quarter was mixed, it spooked markets with its guidance. Amazon and other tech stocks soared yesterday after Meta Platforms’ earnings release. However, Amazon, Apple, and Alphabet disappointed markets with…
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What can UK-based investors look forward to in 2022? In addition to inflation and continuing supply-chain troubles, energy and home prices will likely rise, but not as much as during 2021. General investing opportunities abound, even amid a turbulent economy. How should individuals take advantage of the upcoming risks and opportunities in the UK and…
