A Volvo C40 Recharge electric SUV is on display during the Volvo “A New Era of Volvo Cars” press conference at The Shilla Seoul on March 14, 2023 in Seoul, South Korea. Han Myung-gu | Wireimage | Getty Images Volvo Cars shares surged more than 26% on Thursday after the Swedish automaker announced it will … Read more
VIENNA, AUSTRIA – NOVEMBER 25, 2022: Karin Teigl is seen wearing Hermès yellow leather mini Kelly, Baum & Pferdgarten green leather jacket, Lumina beige cropped turtleneck sweater and vintage checked green yellow pants. Jeremy Moeller | Getty Images Quiet luxury was one of last year’s biggest viral fashion trends on social media — but unlike … Read more
Tesla CEO Elon Musk failed to address investors’ concerns about price cuts in “another train wreck of a conference call” this week, Wedbush analyst Dan Ives told clients in a research note Thursday. Ives slashed his 12-month stock price target for Tesla by 10% to $315, which still implies about 52% upside from Wednesday’s close. … Read more
Jonathan Raa | Nurphoto | Getty Images Bitcoin pushed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off. The price of the cryptocurrency climbed more than 5% to $41,828.37 according to Coin Metrics, bringing its weekly gains … Read more
Tesla’s stock faces plenty of downside as the automaker’s strategy of slashing vehicle prices eats into profits without translating into substantially higher revenue, according to JPMorgan. Analyst Ryan Brinkman cut JPMorgan’s stock price target for Tesla through December 2024 by about 4% to $130, which would imply about 30% downside from Thursday’s close of $182.63. … Read more
Bitcoin extended its recent declines on Tuesday, falling further below $40,000 to its lowest level since the beginning of December. The price of the cryptocurrency was last lower by more than 3% at $38,840.93, adding to its 4% loss from the previous day, when the coin briefly dipped below $40,000 for the first time this … Read more
Elon Musk’s apparent ultimatum to Tesla ‘s board of directors to acquire more control of the automaker could negatively weigh on its stock, analysts say. Musk posted on his social media platform X, formerly known as Twitter, on Monday that he was uncomfortable turning Tesla into an artificial intelligence and robotics leader without having 25% … Read more
Bitcoin exchange-traded funds have arrived after a hard-fought battle between the crypto industry and the U.S. Securities and Exchange Commission. Larry Fink, CEO of BlackRock — the biggest asset manager in the world — thinks it’s just the first step toward a new financial world. ETFs were seen as a way to give investors exposure … Read more
Cryptocurrency bulls say bitcoin could surge to more than $100,000 this year after the U.S. Securities and Exchange Commission made a pivotal step to approve the first-ever U.S. spot bitcoin exchange-traded fund. Several crypto investors CNBC spoke with said they see the world’s top cryptocurrency rising in 2024, as the effects of approval of a … Read more
Bitcoin slid on Friday to end what should have been a momentous week for the cryptocurrency, with the launch of 11 bitcoin ETFs in the U.S. after a years long battle for institutional acceptance of the asset. The price of bitcoin dropped nearly 6% to $44,022.22, according to Coin Metrics, pulling most of the crypto … Read more
