Tag: markets
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Lordstown Motors jumps as the struggling EV maker is reportedly nearing a deal to sell Ohio factory to Foxconn
Lordstown Motors. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images Lordstown Motors is planning to sell its Ohio factory to Foxconn, Bloomberg reported. The companies would work in parallel at the plant, according to the report. The deal could be announced as soon as this week. See more stories on Insider's business page. Lordstown…
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Goldman Sachs cuts its China GDP forecast for 2021, warning the economy’s energy crunch is yet another growth shock
Wang Jilin / Costfoto/Barcroft Media via Getty Images Goldman Sachs lowered its 2021 GDP growth forecast for China to 7.8% from 8.2%, blaming energy constraints. Pressure to meet environmental targets has affected 44% of China's industrial activity, its economists said. Evergrande-related risks to the property sector and regulatory clampdowns are other headwinds to the economy.…
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Global stocks fall as oil hits a 3-year high and China’s energy crunch fans fears of inflation
Wang Ying/Xinhua via Getty Images Global stocks fell Tuesday as China's energy shortage hit factories, a risk to the supply of goods. That shortage and a natural gas squeeze helped drive Brent crude's price above $80 a barrel. Soaring Treasury yields were weighing on US stocks, with techs under particular pressure. Sign up here for…
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Elon Musk says dogecoin fees have to fall for it to become a viable form of payment, after AMC suggests it might accept the token for movie tickets
Elon Musk. Patrick Pleul/picture alliance via Getty Images Elon Musk says dogecoin fees would have to fall for it to become a viable payment option. His tweet came after AMC's CEO said the movie-chain operator may accept dogecoin for movie ticket payments. Musk's latest tweet suggests he isn't sure about adopting dogecoin for Tesla yet.…
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‘Big Short’ investor Michael Burry offers an inside look at how his iconic bet against the housing bubble began
Michael Burry. Bloomberg Risk Takers Michael Burry offered an inside look at how his signature bet against the housing bubble began. "The Big Short" investor directed a colleague in 2005 to identify shaky mortgage-backed securities. Burry called out two subprime mortgage lenders who later ran into serious trouble. See more stories on Insider's business page.…
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Lucid Motors drops 19% ahead of the EV maker’s first share lockup expiration since SPAC merger
MediaNews Group/Bay Area News via Getty Images Lucid Motors tumbled as much as 19% on Wednesday as the share lockup period expired for some shareholders. It's the first day some of Lucid's biggest stakeholders can sell their stock since the company's SPAC merger in July. Lucid is trading roughly 30% lower than the close on…
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Tips from a trader up 227% this year, plus 5 high-upside altcoins
Hello, and welcome to this week's edition of Insider Investing. Here's what's on the docket: Mark Minervini, a trading legend and four-time author, is leading the US Investing Championship this year with a 226.6% gain through July. He breaks down his trading strategy and shares 5 core rules that he follows with great discipline.Adrian Zduńczyk,…
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How to find meme stocks like GameStop and AMC: Your complete guide to spotting and profiting from hot stocks on social media and Reddit’s Wall Street Bets
Meme stocks have been arguably the biggest market trend of 2021. KnowYourMeme Meme stocks like GameStop and AMC Entertainment have taken the investing world by storm in 2021. Small-time retail traders have banded together in a rebellion against Wall Street hedge funds. Insider regularly interviews experts who share how to spot meme stock surges. Below…
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Warren Buffett’s favorite market indicator hits 205%, signaling stocks are way too expensive and a crash may be coming
Warren Buffett. CNBC Warren Buffett's preferred market gauge hit 205%, signaling stocks are heavily overvalued. The "Buffett indicator" compares the stock market's valuation to the size of the economy. Buffett has said the gauge spiking is a "very strong warning signal" of a future market crash. See more stories on Insider's business page. Warren Buffett's…