The stock markets are responding to conflicting signals lately, and the result is concurrent trends of volatility and gains that have been causing some confusion. Inflation has ticked up in recent months, as pent-up demand now let loose by the economic reopening is crossing limited supply and still-disrupted distribution chains. But there’s a strong feeling that the inflation is transitory, and that as people get back to work the inflationary trends will be pushed back by improved… Source link

By Sam Nussey and Shinji Kitamura TOKYO (Reuters) -Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday. The sale comes as the bicycles-to-hair dryers conglomerate is seeking to reduce its dependence on Tesla and raise cash for investing in growth. Panasonic’s battery business is dominated by Elon Musk’s Tesla, but the two firms have had a tense relationship at… Source link

Elon Musk, one of the most divisive characters in Silicon Valley, saw his net worth explode by over $100 billion in 2020 alone, setting records in wealth accumulation… And that’s largely thanks to the dramatic rise of the electric vehicle trend that has taken Wall Street by storm. Tesla (NASDAQ:TSLA) saw its share price skyrocket by over 600% last year…with the EV giant surging past some of the United States’ most influential companies, including Visa, JP Morgan, and Walmart. Its market… Source link

Rick Carlisle may be back in Indianapolis, but he’s made his pick to replace him in Dallas. Carlisle told ESPN on Thursday, shortly after he agreed to return to lead the Indiana Pacers on a four-year deal, that he thinks Mavericks owner Mark Cuban should hire Jason Kidd as the team’s next head coach. “My hope is that Jason Kidd will be the next coach of the Mavs because he and Luka have so many things in common as players,” Carlisle said, via ESPN. “I just think that it would be a great… Source link

Google is testing a new feature to notify people when they search for a topic that may have unreliable results. The move is a notable step by the world’s most popular search engine to give people more context about breaking information that’s popular online — like suspected UFO sightings or developing news stories — that are actively evolving. The new prompt warns users that the results they are seeing are changing quickly, and reads, in part, “If this topic is new, it can… Source link

Miami Heat guard Tyler Herro and assistant coaches Chris Quinn and Eric Glass showed up to the scene of a deadly South Florida building collapse on Thursday to lend a hand.  A high-rise condominium in Surfside, Florida, partially collapsed around 1:30 a.m. Thursday as many residents slept. The collapse left a pile of rubble and debris on the property after the front end of a 12-story wing came crashing down.  As of Thursday afternoon, one person was declared dead while 99 remained missing,… Source link

Joining the “ETF Report” with hosts Alexis Christoforous and Kristin Myerson, ETF Trends CEO Tom Lydon spoke to what investors should be expected following the recent infrastructure deal. As far as what ETFs to look at for the investors looking to find exposure based on the infrastructure deal, Lydon points out the Global X Infrastructure And Development ETF (PAVE), the iShares Global Infrastructure ETF (IGF), the iShares U.S. Infrastructure ETF (IFRA), the FlexShares STOXX Global Broad… Source link

(Bloomberg) — Facebook Inc.’s Instagram is testing a feature that lets users post photos and videos from their desktop computers, after more than a decade without the capability. “We know that many people access Instagram from their computer,” said Facebook spokeswoman Christine Pai. “To improve that experience, we’re now testing the ability to create a Feed post on Instagram with their desktop browser.” Instagram, founded in 2010, long resisted building a web version of its… Source link

In this article, we discuss the 10 new stocks Reddit’s WallStreetBets is buying. If you want to skip our detailed analysis of these stocks, go directly to 5 New Stocks Reddit’s WallStreetBets Is Buying. The post-pandemic marketplace, already under heavy strain amid fears of inflation and a dramatic drop in the prices of growth stocks and cryptocurrencies, has been thrown into more confusion in recent days as meme stock rallies, fueled by retail investor bets against the short-selling attempts… Source link

Bitcoin traded higher after holding support around $32,000 on Thursday. Bearish sentiment is starting to wane as buyers fuel a relief rally from Tuesday’s shakeout low of around $29,000. The cryptocurrency is up about 4% over the past 24 hours, but is still down about 8% over the past seven days. Latest prices Cryptocurrencies: Traditional markets: Bitcoin options expiry Related: DOJ Charges Crypto Seller for Operating Unlicensed Money Transmitting Business As June comes to a close, roughly… Source link