Text size Kevin Frayer / Getty Images The European chip sector was under pressure on Tuesday when the cold wind of fracturing relations between US and China blew its way. The sector has benefited from the fruits of a global tech rally driven by the need for gadgets and computers …
Read More »Another EV company goes public. What separates it from Tesla and everything else.
Text size The Canoo is aimed at young professionals interested in a subscription model. Courtesy Canoo Yet another company with electric cars is publicly traded through a purchase through a special purpose purchase company, or SPAC. This time it’s the Hennessy Capital Acquisition that buys Canoo. Canoo is a self-described …
Read More »Here’s a novelty explanation for why Tesla Stock is big
Text size Tesla numbers came in much better than expected for several quarters. Spencer Platt / Getty Images Tesla stock market hit $ 1,923 shortly after opening Tuesday – another record – adding to the company’s incredible year. Shares were up 3.5% to $ 1,900.00 later Tuesday morning. The stock …
Read More »Fund managers are more optimistic about stocks than at any time since the pandemic began
CureVac AG Chief Executive Dr. Franz-Werner Haas is displayed on the facade of the NasdaqMarketSite in Times Square, sounding almost like the closing bell, marking the list of the Aug. 14. United Press Fund managers are the most bullshit they have been since the pandemic, according to the latest Bank …
Read More »Marks & Spencer to cut 7,000 jobs
Pedestrians wearing or covering a face mask due to the COVID-19 pandemic will walk past an M&S (Marks and Spencer) store in central London on 20 July 2020. tolga akmen / Agence France-Presse / Getty Images Marks & Spencer, the iconic but struggling UK retailer, said on Tuesday that it …
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