Stocks pulled back from record highs Tuesday, with all three major U.S. indexes down over 1% through early afternoon trading. The drop followed the release of disappointing July retail figures, with sales down 1.1% from June. Headlines point to Delta variant concerns, but restaurants and b
Dogecoin (CRYPTO: DOGE) investors should soon expect to dive in for another major downturn. What Happened: According to a recent AMBCrypto technical analysis, Dogecoin's price rested on support located in the $0.28 area and its 12-hour 200-candle simple moving average.
Cryptocurrency-powered lender Celsius Network (CRYPTO: CEL) launched its crypto-backed lending service in California following regulatory approval.
What Happened: According to a Monday announcement, Celsius Network launched its service in California after receiving its Finance Lender license in the state — which enables the firm to expand its operations and provide its service to Californians.
Notably, if the loan to crypto collateral ratio does not exceed 25%, the loan is free, coming at an impressive 0% APR.
Shares of General Motors (NYSE:GM) popped a good 5.3% in early trading Wednesday. They’ve since settled down to enjoy a more modest 2.6% gain (as of 12:20 p.m. EDT). That doesn’t detract from the magnitude of today’s news, however:
Honda Motor Company (NYSE:HMC) is investing $2.75 billion in GM!
Robot taxis may be coming soon — courtesy of Honda and GM. Image source: Getty Images.
The companies announced the venture Wednesday. Honda will initially invest $750 million in General Motors’ Cruise autonomous....More>>>
Norway’s $1 trillion wealth fund backed the unsuccessful shareholder proposal to split Elon Musk’s combined roles of chief executive and chairman at Tesla Inc., according to a statement.
The fund was in the minority, as other investors at Tuesday’s annual general meeting in Mountain View, California, supported the current setup. The Norwegian fund held 0.48 percent of Tesla’s stock at the end of 2017.
In March, the wealth fund also voted against management recommendations in a special meeting convened to approve one of the largest compensation deals....More>>>
Much has been made of the stock markets record-setting performance since President Donald Trump won the race for the White House back in November.
Read: Yellen may have the clearest explanation for the stock markets record run
But Dow Joness data team offers more insight into how Trump stacks up compared with other presidents in their first 30 days in office, a milepost Trump hits on Feb. 19. The Dow Jones Industrial Average
Fuel-cell stock Plug Power (NASDAQ:PLUG) opened Tuesday on a positive note, gaining 2.8% within the first 20 minutes of trading. Despite slipping into negative territory soon after, the hydrogen fuel stock bounced back and was up 2.3% as of 3:30 p.m. EDT.
Shares of MicroStrategy (NASDAQ:MSTR), a technology company that's betting big on popular cryptocurrency Bitcoin (CRYPTO:BTC), tumbled this week. MicroStrategy stock was sitting at $640 per share as of Thursday's close -- roughly 10% lower than where it started the week. And the reason is quite