December 5 2022 🕓 3 min
Tesla tries to start uptrend despite worsening fundamentals
This article discusses the electric car industry in China, the impact of the Zero Covid policy on the industry, and the challenges facing Tesla.
Market Movers
December 6 2022
Wheat price slides lower
Wheat futures continue to tumble to $7, reaching levels not seen since September 2021. This is the direct result of strong supply from the world’s top producers and signs of smaller demand. Wheat is down 45% from its peak since Ukraine started exporting the commodity again after a long shutdown.
December 6 2022
Strict crypto advertising rules introduced
The Financial Conduct Authority (FCA) consultation implies reducing the number of firms with marketing communications approval authority. Once the Financial Services and Markets Bill is enacted into law, only businesses with FCA permission will be able to approve crypto advertising material.
December 6 2022
GitLab surges after Q3 results 📈
After falling 7% for the day, GitLab surged almost 20% to $45 after hours when they posted quarterly results. Analysts had forecasted a loss of $0.15 per share on revenue of $106 million. GitLab racked up $113 million in revenue instead, with a $0.10 loss per share.
December 4 2022 🕓 4 min
These 3 stocks ignored recession and continue to rise
ConocoPhillips, Cigna Corporation, and Eli Lilly and Company are all rising as if there is no economic decline. But what is so special about them?
December 2 2022 🕓 3 min
Dow remains resilient, ignores today’s US jobs data
It looks like this year's December could be bullish for stocks as sentiment remains optimistic.
December 2 2022 🕓 3 min
Salesforce dumps after CEO Taylor exits the company
Another bad day for the Salesforce company as it approaches its cycle lows.
November 30 2022 🕓 3 min
Nasdaq soars amid dovish Powell and terrible macro data
Investors cheered today's miserable US data, along with the dovish Powell's conference.
November 30 2022 🕓 3 min
Rolls-Royce successfully tests its hydrogen jet engine
Rolls-Royce and easyJet have achieved a new aviation milestone with the world's first hydrogen-fuelled modern jet engine.
November 29 2022 🕓 3 min
Hibbett dumps after horrific earnings
A massive decline for the stock price amid worsening fundamental situation.
November 29 2022 🕓 3 min
S&P 500 can fall much lower per 2008 crisis comparison
Several red lights are flashing as the S&P 500 enters a dangerous zone. The stock index could drop notably soon.