Text size Nikola also has plans to build driveways with long trainers and a pick-up truck. Courtesy Nikola Nikola shares fell Tuesday, following a 22% bounce on Monday following the announcement of an order for 2,500 battery-powered trucks from waste dumps Republic Services. Investors were hungry for treat of customers, …
Read More »JPMorgan’s Dimon says there will be some economical ‘scar tissue’ from coronavirus
“ ‘We are in a recession, but you will have a delayed effect to see the normal effects of recession.’ ” – Jamie Dimon, CEO of JPMorgan Chase & Co. That’s Jamie Dimon, CEO of JPMorgan Chase & Co. offering its views on the outlook for the economy in the …
Read More »NIO Beat expectations about profit. Here’s why his forehead falls.
Text size NIO sells its electric cars only in China. Greg Baker / AFP via Getty Images Shares in Chinese electric car maker NIO fell Tuesday morning after the company reported second-quarter sales that were better than expected. Despite the reaction, the report is another good data point for the …
Read More »FedEx, UPS shares grow to power Dow transports to 9th straight gain
Shares of FedEx Corp. and United Parcel Service Inc. rose on Monday, to deliver a more than 120-point boost to the Dow Jones Transportation Average, amid Bullish analysts’ remarks about the package delivery giants given signs of increasing e-commerce volume and improved prices. FedEx’s stock FDX, + 8.96% shot up …
Read More »‘Golden Cross’ materialized in Dow transports, Russell 2000
A week after a Bullish gold cross pattern formed in the Dow Jones Industrial Average DJIA, + 1.30%, a few key indexes in the markets are also starting to generate upbeat chart formations – suggesting that a more technologically driven rally to other sectors of the market could emerge. Indeed, …
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