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US President Joe Biden is considering easing the tariffs on billions of dollars of imports from China that his predecessor Donald Trump had imposed. US inflation is rising at the fastest pace in over four decades and the administration has been under fire for its perceived inability to control the price rise. The tariffs were…
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The global supply chain seems broken. Several companies have pointed to supply chain woes, both domestically as well as internationally. What do these supply chain issues mean for the markets? To begin with, the global supply chain problem is multi-faced. To begin with, there is a crippling semiconductor shortage. Since these chips go into everything…
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Chinese startup electric vehicle company XPeng has gone for a dual primary listing in Hong Kong and the stock closed flat on its debut. Could other Chinese EV (electric vehicle) companies follow suit? Chinese companies listed in the US have been finding themselves in a peculiar situation. On one hand, Chinese tech companies are facing…
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Bitcoin prices are tumbling today and Tesla stock is also lower in US premarket price action today after Elon Musk’s tweet about cryptocurrencies. Musk has the ability to influence asset price as many of his fans end up blindly buying assets that he is even remotely seen as endorsing. The most prominent instance was when…
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Tesla stock fell 6.5% yesterday and was trading lower in US premarket trading today despite Wedbush reiterating its bullish bet on the electric vehicle maker and maintaining a $1,000 target price. 2020 was a spectacular year for not only Tesla but all the electric vehicle stocks. Tesla rose 740% in the year and also joined…
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Nike stock fell 3.4% yesterday amid boycott calls in China. However, the stock was trading higher in US premarket trading today. How can investors play the stock? Nike is facing boycott calls in China over its previous comments over forced labor in China’s Xinjiang region. In a previous release, the company had said “Nike is…
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Prominent Tesla stock bull Cathie Wood has raised her target price on Tesla to $3,000 even as the company has apparently faced spying charges in China. Over the last couple of years, China has showered its love for Tesla like it hasn’t done with any other foreign automaker. To begin with, the company was allowed…
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Earlier this year, Tesla set up operations in India and reportedly wants to import and sell its electric cars in the country. India meanwhile wants to lure Tesla to start producing its cars in the country. China was the first location that Tesla choose for its Gigafactory outside the home market of the US. The…
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Over the weekend, Berkshire Hathaway, which’s led by the legendary Warren Buffett released its 2020 earnings and annual report that features Buffett’s annual letter. Here are the key takeaways. More than the annual earnings, Berkshire Hathaway’s annual report is awaited for Buffett’s annual letter that over the years has offered valuable insights into his investment…
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Alibaba stock was trading lower in the US premarket trading on Monday adding to its losses on Friday. The stock could turn negative for the year amid China’s crackdown on tech companies. While 2020 has been a good year for tech companies, China’s probe into the alleged monopoly of its tech companies turned the tide…
