Tesla has sold 75% of its Bitcoin holdings for an average price of $29,000. The price of the most famous cryptocurrency has not yet shown a correlation to the sudden bearish news as the invalidation of the bullish macro thesis remains at the $13,880 level.CEO Elon Musk attributed Tesla’s lack …
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Bitcoin staged its first test of critical support on Thursday July 21 as the impact of the news headline that Tesla liquidated most of its Bitcoin holdings diminished. The BTC/USD pair is focusing on the $22,800 zone after dropping from multi-week highs of $24,280. The pair had swiftly reacted but …
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Tesla, on Wednesday after the bell, reported its first sequential decline in quarterly profit in more than a year as it recovers from an extended shutdown at its Shanghai plant. Tesla reported adjusted earnings of $2.27 per share on $16.93 billion in revenue in Q2 2022.Automotive revenues made up $14.6 …
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US equities fell sharply into the final hour of trading Monday following Apple’s plans to slow hiring and curb spending next year to prepare for a possible recession. The hiring slowdown and cuts to spending will take place across certain divisions and stem from a move to “be more careful …
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The Dow Jones rose 0.2% after falling more than 1% soon after the open. The S&P 500 climbed 0.5%. The Nasdaq composite jumped 1%.The Dow Jones turned higher Wednesday, with the S&P 500 and especially the Nasdaq composite leading the way. Federal Reserve chief Jerome Powell told Congress that policymakers …
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The China Passenger Car Association (CPCA) said US electric car maker Tesla sold more than 32,000 Chinese-made cars in May, including 22,000 that were exported. The association added that the Tesla factory in Shanghai produced more than 33.5 thousand cars in May, an increase of 212% from April, and total …
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Wall Street’s main indexes retreated in mixed trading Thursday. Technology and growth equities are struggling to find direction amid rising treasury yields and weaker risk appetite on the back of accelerating concerns around soaring inflation and aggressive interest rate hikes.The Dow Jones Industrial Average was down 60.73 points, or 0.18%, …
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Wall Street’s main indexes opened higher on Monday after falling last week, with US-listed Chinese technology stocks rising, boosted by optimism about easing regulatory measures and restrictions imposed to combat COVID-19 in the world’s second-largest economy. The Dow Jones Industrial Average rose 132.34 points, or 0.40 percent, to 33,032.04 points. …
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US equities finished the last trading session of the week with heavy losses, between 1.05% and 2.47%. Positive US jobs report further cemented the case for a US Federal Reserve rate hike of 50 bps in the June meeting, despite worries that the US central bank could cause a recession.Economic …
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US President Joe Biden ignores Elon Musk’s fears about the US economy by pointing to latest investments made by the electric-carmaker’s competitors. Biden also took an indifferent situation at Musk saying “Lots of luck on his trip to the moon”.Biden, on Friday, warmly praised some of Musk’s competitors for expanding …
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