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Text size The price of oil has been steadily rising, while making higher highs and higher lows. Xiaomin Wang/Dreamstime.com Oil could be headed for $150 a barrel. That might not be good for the economy, but it would be great news for energy stocks. Crude prices had been under pressure since peaking in March, as … Read more
A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal/AFP via Getty Images Text size Chinese electric vehicle makers NIO , XPeng and Li Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives Tesla investors something else to worry … Read more
Photo Illustration by Scott Olson/Getty Images Text size Tax day in the U.S. is, admittedly, not one of Americans’ favorite days. Even if refunds are expected, there is still the pressure of filing the correct forms with the correct math at the correct time. (If you need more time, read this.) Tom Lee, head of … Read more
Nio Inc., the China-based electric-vehicle maker, over the weekend warned of delivery delays after suspending production due to COVID-19 restrictions that have disrupted its supply chain. “There will be a delay in the delivery of vehicles for many customers in the near future, and we ask for your understanding,” Nio NIO, -1.77% said in a … Read more
Only around half of JPMorgan’s 270,000 staff will work from the office full-time, as the US banking giant has overhauled its workforce in the wake of the Covid-19 pandemic. In his sweeping annual shareholder letter, JPMorgan chief executive Jamie Dimon said that “it’s clear that working from home will become more permanent in American business”, … Read more
Tesla reported first-quarter deliveries in line with expectations. Here, new Tesla cars sit in front of a Tesla dealership in Corte Madera, Calif., last year. Justin Sullivan/Getty Images Text size Tesla on Saturday reported first-quarter deliveries of about 310,000 vehicles, results that met expectations amid soaring gas prices, new Covid restrictions and part shortages that … Read more
Text size Shares of Alibaba have notched massive declines. Greg Baker/AFP via Getty Images Investors in Alibaba Group Holding are used to pain. But the stock is really hurting this time, falling more than 20% in just four days. Shares in the e-commerce giant were getting hit again Tuesday. Alibaba is caught up in a … Read more
BANGKOK (AP) — Stocks were mixed in Asia and oil prices fell Monday as uncertainty over the war in Ukraine and persistently high inflation kept investors guessing about what lies ahead. Tokyo and Sydney advanced while Hong Kong, Seoul and Shanghai declined. U.S. futures were higher. Ukrainian President Volodymyr Zelenskyy vowed to keep negotiating with … Read more