Market Insider
BYD is selling so many electric cars it’s become one of the top three automakers in China
One of BYD’s bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022. Anadolu Agency | Anadolu Agency | Getty Images BEIJING — Chinese electric car maker BYD saw sales more than double in May, solidifying the company’s climb into the ranks of the top three […]
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Stock futures rise after the S&P 500 closes in an official bear market
U.S. stock futures rose on Monday night after the S&P 500 dropped back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week. Dow Jones Industrial Average futures rose by 94 points, or 0.3%. S&P 500 and Nasdaq 100 futures climbed 0.4% and about 0.6%, respectively. Those moves came after intense […]
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Stocks making the biggest moves midday: Astra Space, Amazon, Revlon, Prologis & more
Amazon is “definitely a stock to own,” according to Sid Choraria, a senior portfolio manager who previously attracted the attention of Warren Buffett. Klaus-Dietmar Gabbert | Picture Alliance | Getty Images Check out the companies making headlines in midday trading Monday. Coinbase, Microstrategy — Shares of cryptocurrency-related companies sold off as the price of bitcoin and other […]
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Biden is ‘paying lip service’ to the U.S. position on Taiwan, former Chinese army officer says
BEIJING — There is an increasing wariness of U.S. claims to recognize Beijing as the sole legal government of China, a retired officer of the People’s Liberation Army told CNBC on Monday. His comments came after U.S. President Joe Biden repeatedly indicated the U.S. would defend Taiwan militarily if the island is attacked, only to […]
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Chinese automakers want to bring assisted driving to the masses
Jidu, Baidu’s electric car venture alongside Geely, revealed its first concept car on June 8, 2022. Baidu BEIJING — As Chinese companies race for a slice of the world’s largest car market, they’re betting heavily on assisted driving technology. China sold nearly 21.5 million passenger cars last year. That’s roughly the equivalent of sales in […]
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Gasoline prices top $5 a gallon nationally for the first time and are likely headed higher
A sign reflects the price per gallon of fuel at a gas station on March 10, 2022 in Miami, Florida. Joe Raedle | Getty Images The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time due to increased demand from the economy reopening from the pandemic and depleted […]
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The Fed will raise rates in the week ahead but what Fed chief Powell says may matter most
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. Win Mcnamee | Getty Images The week ahead may all come down to […]
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Stocks making the biggest moves premarket: DocuSign, Vail Resorts, Stitch Fix and others
Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company’s stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of Wall Street forecasts. DocuSign had previously warned that a return to post-Covid working conditions could cut into its business. Vail Resorts (MTN) – Vail […]
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China struggles to stamp out Covid as Beijing, Shanghai reimpose some restrictions
People wait in line for nucleic acid tests to detect COVID-19 at a testing site on June 9, 2022, in Beijing, China. China says it has generally controlled recent outbreaks in Beijing after hundreds of people tested positive for the virus in recent weeks. Kevin Frayer | Getty Images News | Getty Images BEIJING — […]
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Stocks making the biggest moves midday: Tesla, Five Below, Novavax, Nio and more
A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Tesla — Shares dipped 0.9%. The electric vehicle stock rose more than 2% earlier in the session after UBS upgraded the electric vehicle maker to buy from […]
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