Articles

Ford’s EV sales surge, fueled by strength in F-150 Lightning electric trucks

Ford reported second-quarter U.S. electric-vehicle sales Wednesday that rose sharply from a year ago, boosted by strength in sales of its F-150 Lightning electric trucks.

Tesla’s stock is on a huge run. Here’s why one bear isn’t buying the ‘euphoria.’

Guggenheim is concerned that Tesla price cuts “pulled forward” demand, which could create challenges for the future.

Quest Diagnostics to acquire Canada’s LifeLabs for about $985 million, including debt

Quest Diagnostics Inc. said Wednesday it has entered a definitive agreement with pension fund OMERS to acquire LifeLabs, a Canadian provider of community laboratory services, for about C$1.35 billion ($985 million), including net debt.

Cyberattack slams brakes on U.S. auto sales in June, but setback seen as temporary

Sales of new cars and trucks in the U.S. fell in June to a five-month low — and criminal computer hackers are largely to blame.

Nvidia client Northern Data’s stock cools after spike on report of possible U.S. IPO

Shares of Germany’s Northern Data fell 8% on Wednesday, one day after a surge on a report it may list its cloud computing and data center business in the U.S.

Koss surges as meme-stock chatter again swirls around the headphone maker

Shares of Koss Corp. were surging 18.4% in premarket trades Wednesday as the headphone maker resumed its rally amid a resurgence of interest in meme stocks.

U.S. trade deficit jumps in May to highest level in 19 months

Gap widens 0.8% to $75.1 billion

Jobless claims rise to 238,000 and stay near one-year high

Three states, New York, New Jersey and California, accounted for most of the increase

ADP says 150,000 private-sector jobs created in June, smallest gain in five months

U.S. businesses add a modest 150,000 new jobs in June, paycheck company ADP said, to mark the smallest increase in five months, possibly another sign the labor market is cooling.

Hedge fund selling of tech stocks has limited potential for crash, JPMorgan says

Hedge funds in June sold off tech stocks at their fastest rate on record. This sell-off has limited the potential for a crash, JPMorgan said.

Charter’s stock is down 20% this year — but Citi sees new reason to sell

Citi just downgraded Charter’s stock, warning that estimates could be too high.

Nvidia is starting to act like its own asset class

Shares of Nvidia Corp. are growing increasingly disconnected from the average stock in the S&P 500, prompting one analyst to quip that the chip designer is starting to behave like its own asset class.
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