U.S. stocks are falling as Powell tells Congress inflation fight is ongoing
U.S. stocks were falling as investors prepared to hear Federal Reserve Chair Jerome Powell testify in Congress that the central…
Amazon duped ‘millions of consumers’ into enrolling in Prime — FTC
(Reuters) – The Federal Trade Commission filed suit against Amazon.com Inc (NASDAQ:AMZN) Wednesday, charging the retailer with enrolling millions of…
Tesla returns to S&P 500 ESG index with more environmental disclosures
(Reuters) – Tesla (NASDAQ:TSLA) Inc has returned to the S&P 500 ESG index, the sustainable investing-focused market index, after the…
SoftBank to shift to ‘offence mode’ as AI booms
(Reuters) -SoftBank Group CEO Masayoshi Son said on Wednesday that his tech investing conglomerate plans to shift its stance to…
EVs gain as China extends tax breaks
Shares of Chinese electric vehicle companies Nio (NYSE:NIO), Li Auto (NASDAQ:LI) and Xpeng (NYSE:XPEV) are up by nearly 3% in…
India’s mid and small cap stocks risk abrupt corrections, warn analysts
(Reuters) – A roaring rally in mid- and small-cap stocks listed on Indian bourses could see abrupt corrections, as many…
Paris air show: ‘Progress’ in supply chain as jet orders rack up
(Reuters) – Jet engine maker Pratt & Whitney flagged “solid progress” in the aerospace supply chain on Wednesday, addressing a…
Strong relations between BMW and China a ‘win-win’ -CEO
(Reuters) – BMW’s strong ties with China are a “win-win” as the car industry shifts towards greener, more connected vehicles,…
Amazon is a core AI beneficiary – Jefferies
Jefferies analysts hiked the price target on Amazon (NASDAQ:AMZN) shares to $150 from the prior $135 per share after the…
Tesla stock downgraded at Barclays after a ‘too sharp’ rally
Barclays analysts downgraded Tesla (NASDAQ:TSLA) shares to Equal Weight from Overweight as they believe the recent sharp run-up in shares…