After recent sell-offs, the EV stock is now down roughly 21% year to date. What happened Shares of Tesla (TSLA -0.45%) are losing ground in Thursday's trading session. The electric vehicle leader's stock was down roughly 6% at 10:15 a.m. today. Meanwhile, the Nasdaq Composite index was up roughly 0.3%. The sell-offs appear to be connected to CEO Elon...
Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter, showing signs that the small-dollar trading boom that captivated Wall Street a year ago may have run out of steam. Shares of the company were down more than 11% in after hours trading, hitting all-time...
CNBC’s Jim Cramer on Wednesday offered his thoughts on whether companies that recently reported their quarterly earnings are investable, leaning on his newly introduced grading system. “The chief reason this market has become so difficult is that...
Archegos Capital Management’s owner, Bill Hwang, and its former chief financial officer, Patrick Halligan, pleaded not guilty Wednesday to criminal charges filed against them in connection with the implosion of the family office last year. The men...
A Delaware judge has sided with Elon Musk in a hefty lawsuit brought by Tesla shareholders, which accused the executive of coercing the electric vehicle company’s board into buying SolarCity back in 2016. Seeking as much as...
Shares of Facebook parent Meta jumped 18% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing. Here are the results. Earnings per share: $2.72 vs $2.56 expected, according...
Stocks fell Tuesday as a steep decline in technology stocks deepened Wall Street’s losses after a brutal start to 2022. The Dow Jones Industrial Average closed with a loss of 809 points Tuesday, falling 2.4 percent. The Nasdaq composite closed with a loss of 4 percent and the S&P 500...
Standard Chartered Bank has become the latest major bank to enter the metaverse, partnering with The Sandbox, to create a metaverse experience Standard Chartered Bank (SCBHK), a leading international banking group, has announced a new partnership with The Sandbox, a leading decentralised gaming virtual world, to create innovative experiences for clients...
Elon Musk will have to pay Twitter a $1 billion termination fee if he doesn’t go through with his $44 billion acquisition of the social network, announced on Monday, per a new SEC filing. The filing, which details the terms of the agreement, indicates Twitter would have to pay the same fee...
The remarkable increase in adoption of cryptocurrencies over the last two years has laid the foundation for one of crypto’s loftiest promises. The possibility of modernizing our existing payment system, upgrading traditional rails toward faster speed, lower cost, heightened security and reliability and increased access for everyone. We are just...
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