Shares of Micron (MU) and Nvidia (NVDA) both surged on Monday, which helped buck a recent downward trend for the two chip makers. Both of the semiconductor powers are also currently Zacks Rank #1 (Strong Buy) stocks. So let’s dive into some of Micron and Nvidia’s current fundamentals to see if either stock looks more appealing at the moment. …read more […]
SAO PAULO (Reuters) – Planemakers Boeing Co and Embraer SA have prepared contracts of their proposed tie-up and are expected to submit them to the Brazilian government within two weeks, Brazilian newspaper Valor Economico reported on its website Monday.
WASHINGTON/BRUSSELS (Reuters) – U.S. President Donald Trump warned the World Trade Organization on Monday that “we’ll be doing something” if the United States is not treated properly, just hours after the European Union said that U.S. automotive tariffs would hurt its own vehicle industry and prompt retaliation.
Larry Kudlow, director of President Trump’s National Economic Council, set off a wave of incredulous head-scratching on Friday by claiming in an interview with Fox Business Network that the federal deficit “is coming down. Kudlow clarified his statement later in the day, explaining that he meant that the deficit will come down rapidly as the GOP’s tax cuts and the White House’s economic plan boost growth far beyond what most analysts outside the Trump administration expect. My case for lower deficits is that economic growth, both real and nominal, is going to be significantly faster than any of …read more […]
NEW YORK (Reuters) – New York City’s cash-strapped Uber and Lyft drivers have been campaigning for bigger paychecks, and their effort got a boost on Monday from a study two economists conducted for the city’s Taxi and Limousine Commission.
(Reuters) – Tesla Inc’s burning the midnight oil to hit a long-elusive target of making 5,000 Model 3 vehicles per week failed to convince Wall Street that the electric carmaker could sustain that production pace, sending shares down 2.3 percent on Monday.
(Reuters) – Wall Street ended higher on Monday after a choppy session, with gains in Apple and other technology stocks offsetting worries about an escalating trade war between Washington and its trading partners.
(Reuters) – Tesla Inc said on Monday Doug Field, senior vice president of engineering, is stepping down after five years with the electric carmaker.
Tesla Inc. is scheduling a break for some Model 3 production after exceeding a closely watched target for the final week of the second quarter, according to people familiar with the matter. The break won’t impact production targets and will allow the company to do basic upkeep and maintenance work. Tesla reported earlier Monday that Model 3 output reached 5,031 in the final seven days of June, beating a 5,000-car target that Chief Executive Officer Elon Musk had said was crucial to generating cash and earning profit. …read more […]
WASHINGTON (Reuters) – The U.S. Chamber of Commerce on Monday denounced President Donald Trump’s handling of a global trade dispute, issuing a report that argued the tariffs imposed by Washington and retaliation by its partners would boomerang badly on the American economy.
NEW YORK (Reuters) – U.S. stocks ended slightly higher on Monday as gains in Apple and other tech shares helped offset a slump in energy as well as concerns about an escalating trade war between Washington and its trading partners.
The offshore driller announced it is emerging from Chapter 11, and the market is finally applying a more realistic valuation to its shares. Keep reading to find out what’s happening. …read more […]
U.S. President Donald Trump threatened to take action against the World Trade Organization on Monday after media reports said he wanted to withdraw from the global trade regulator. Trump has complained frequently that the United States is treated unfairly in global trade and has sharply criticized the WTO for letting that happen. “WTO has treated the United States very badly and I hope they change their ways. …read more […]
Trump seems to be getting closer to imposing new tariffs on imported cars, a move that would roil the auto industry. …read more […]
(Reuters) – Wall Street was mixed in choppy trade on Monday as investors fretted about an escalating trade war between Washington and its trading partners, while gains in Apple and other stocks offset a slump in energy shares.
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