A tech rebound may be needed for a full market recovery. These are the stocks that could lead

A tech rebound may be needed for a full market recovery.  These are the stocks that could lead

The key to a sustained market recovery may rest on one of the most downbeat sectors this year: Tech. As of Friday’s close, the Nasdaq Composite sits 30% from its record closing high of 16,057.44 on Nov. 19, 2021. It has sold off sharply since then as tech shares tumbled amid soaring inflation and higher … Read more

From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses

From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses

From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company back up his contention that so far his tenure … Read more

Musk ends remote work at Twitter, warns of troubles ahead

Musk ends remote work at Twitter, warns of troubles ahead

Elon Musk has emailed Twitter employees, most working remotely, ordering them to return to the office immediately for at least 40 hours a week and warning of “difficult times ahead.” A pair of Wednesday night missives seen by The Associated Press marked Musk’s first companywide message to employees who survived last week’s mass layoffs. Many … Read more

Opinion: Elon Musk pumps Tesla stock with ridiculous $4 trillion target. Is a dump coming next?

Opinion: Elon Musk pumps Tesla stock with ridiculous  trillion target.  Is a dump coming next?

Another Tesla Inc. earnings call, and another fanciful Elon Musk prediction that likely encouraged yet another open file at the Securities and Exchange Commission on Wednesday. The chief executive of Tesla Inc. TSLA, +0.84% told investors Wednesday that he believes the valuation of the electric-car maker will exceed the combined market capitalization of the two … Read more

Netflix and Tesla stocks are not having a good year, but here comes a chance to turn it around

Netflix and Tesla stocks are not having a good year, but here comes a chance to turn it around

Two stocks that have defined Wall Street’s boom in the past decade — streaming giant Netflix Inc. and electric-vehicle maker Tesla Inc. — will hope to turn around some poor recent trajectories as earnings season kicks into a new gear this week. After swelling prices and results from JPMorgan Chase & Co. JPM, +1.66% and … Read more

Stock futures rise slightly after a rollercoaster week

Stock futures rise slightly after a rollercoaster week

Traders on the floor of the NYSE, Aug. 4, 2022. Source: NYSE Stock futures edged higher in overnight trading Sunday as investors awaited big earnings reports to roll in. Futures on the Dow Jones Industrial Average gained about 50 points. S&P 500 futures and Nasdaq 100 futures both inched 0.3% higher. The S&P 500 just … Read more

Wall St Week Ahead-As US markets churn, some stick with rare 2022 winner: energy shares

Wall St Week Ahead-As US markets churn, some stick with rare 2022 winner: energy shares

Gut-wrenching market volatility and attractive valuations are prompting some investors to keep their bullish views on energy stocks, one of the few bets that have thrived in an otherwise punishing year. It’s not an easy call. The S&P 500 energy sector is already up around 46% this year and monetary policy tightening around the world … Read more

Elon Musk says Twitter will eventually be part of ‘X, the everything app’

Elon Musk says Twitter will eventually be part of ‘X, the everything app’

Elon Musk has a new plan for Twitter Inc. after giving up a legal battle and agreeing to pay $44 billion for the company Tuesday. ““Buying Twitter is an accelerant to creating X, the everything app”“ — Elon Musk That tweet was Musk’s first public statement Tuesday about the decision, which was revealed in a … Read more

Elon Musk and Twitter intend to move forward with original $44 billion deal, stock surges

Elon Musk and Twitter intend to move forward with original  billion deal, stock surges

Tesla Inc. Chief Executive Elon Musk and Twitter Inc. plan to move forward with a closing of their deal under the originally agreed-upon terms, less than two weeks before a judge was scheduled to hear a case on the disputed acquisition. Musk’s lawyers sent a letter to Twitter’s management team indicating that he was proposing … Read more

Tesla robot slowly walks on stage at AI Day

Tesla robot slowly walks on stage at AI Day

Washington, DC CNN — Tesla revealed on Friday a prototype of a humanoid robot that it says could be a future product for the automaker. The robot, dubbed Optimus by Tesla, walked stiffly on stage at Tesla’s AI Day, slowly waved at the crowd and gestured with its hands for roughly one minute. Tesla CEO … Read more