Category: News

Trade and geopolitical tensions are weighing on the global EV market. On Monday, Reuters reported that Canadian Prime Minister Justin Trudeau announced that Canada would impose a 100% tariff on Chinese electric vehicle imports. In addition, Ottawa will levy a 25% tariff on imported steel and aluminum from China. These moves align Canada with similar…

Advanced Micro Devices, Inc (NASDAQ:AMD) doled discounts to spur demand for its Ryzen desktop processors, leading to lackluster reviews. The Nvidia Corp (NASDAQ:NVDA) rival launched its Ryzen 9 9900X and 9950X in mid-August, offering improved versions of their predecessors with lower power consumption and competitive pricing, Forbes reports. The new 9000-series CPUs with their Zen…

Defiance ETFs has launched MSTX, the first single-stock leveraged ETF for MicroStrategy (NASDAQ:MSTR) in the United States. What Happened: The fund, which began trading on Aug. 15, aims to provide investors with 175% daily targeted exposure to MicroStrategy’s stock performance. MicroStrategy, a business intelligence firm, has gained prominence in recent years for its substantial Bitcoin…

Nvidia Corp (NASDAQ:NVDA) stock rebounded after weeks of volatility, making its valuation more attractive to the shareholders. The recent selloff brought Nvidia’s valuation down to attractive levels. The stock now trades at about 36 times forward earnings, compared to 44 times in June. Over the past four sessions, Nvidia’s shares have surged by 17%, adding…

Jeff Dorman, Chief Investment Officer at Arca, analyzed the actors he sees as drivers of the current market crash, suggesting there are more reasons to buy than sell. What Happened: Dorman lists six factors: Macroeconomic signals Crypto market maker Jump selling ETF flows Kamala Harris‘s rising poll numbers Middle East tensions Supply issues. What new…

As gold (NYSE:GOLD) prices trade near record heights fueled by expectations of a potential Federal Reserve rate cut, the precious metal’s performance could be a harbinger for Bitcoin (CRYPTO: BTC), often referred to as “digital gold.” What Happened: While the Federal Reserve maintained a cautious stance on interest rate adjustments in its latest statement, Chair…

Nancy Pelosi remains one of the most followed members of Congress when it comes to the disclosure of stock and options trades. The former House speaker disclosed the purchase of more NVIDIA Corporation (NASDAQ:NVDA) shares this week. What Happened: Pelosi disclosed two stock trading positions during the week, with the purchase of additional Nvidia shares…

Amazon.Com Inc’s (NASDAQ:AMZN) Prime Video is undercutting rival Netflix Inc (NASDAQ:NFLX) on advertising pricing as it battles for marketers’ attention. Amazon introduced advertising to its Prime Video platform five months ago and is going through its first “up front,” when television companies present their plans to advertisers to attract money for the next year, the…

Southwest Airlines Co (NYSE:LUV) has stubbornly held on to its first-come-first-serve seating policy for over 50 years. The air carrier will now shed its famous open seating policy after a change in consumer preferences and poor second-quarter earnings. The Dallas, Texas-based company cited how 80% of its customers and 86% of potential customers prefer assigned…

Shares of Marriott International Inc (NASDAQ:MAR), Hilton Hotels Corporation (NYSE:HLT), and Hyatt Hotels Corporation (NYSE:H) are trading lower Wednesday. About 13,500 unionized hotel workers in four U.S. cities are preparing for strike authorization votes next month as contract negotiations with the above major hotels remain at an impasse. UNITE HERE, a union representing hotel, casino,…