Tag Archives: close

Fisker tumbles 34% on warning; CEO hopes to close financing deal with OEM ‘as soon as possible’

Fisker tumbles 34% on warning; CEO hopes to close financing deal with OEM ‘as soon as possible’

Fisker (FSR) unloaded a cache of bad news during its Q4 earnings report yesterday, shaking investors and Wall Street analysts. Fisker reported that given its financial condition, evolving dealership sales approach, and challenging EV market, it has “substantial doubt about its ability to continue as a going concern” when the company files its official financial statements for 2023. Fisker also said it would reduce its headcount by 15%. Fisker said it had $396 million in cash at the end of… Source link

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Stocks edge higher after S&P 500’s landmark close

Stocks edge higher after S&P 500’s landmark close

US stocks edged higher on Monday after the S&P 500 index notched a historic close, as investors prepared for the first key inflation update of the year and the next wave of earnings reports. The S&P 500 (^GSPC) rose 0.3% after a record-setting week that saw the benchmark end above 5,000 for the first time. The Dow Jones Industrial Average (^DJI) gained around 0.5%, while the tech-heavy Nasdaq (^IXIC) rose about 0.3%. Shares of chipmaker Nvidia (NVDA) rose 2% to hit another record on Monday…. Source link

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Stocks steady after S&P 500’s landmark close

Stocks steady after S&P 500’s landmark close

US stocks opened trading little changed on Monday after the S&P 500 index notched a historic close, as investors prepared for the first key inflation update of the year and the next wave of earnings reports. The S&P 500 (^GSPC) clung to the flatline following a record-setting week that saw the benchmark end above 5,000 for the first time. The Dow Jones Industrial Average (^DJI) was steady, while the tech-heavy Nasdaq (^IXIC) rose about 0.2%. Stocks have gained as the market embraces a clutch… Source link

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Stocks edge higher as S&P 500 bids to close above 5,000

Stocks edge higher as S&P 500 bids to close above 5,000

The Wall Street Journal reports OpenAI CEO Sam Altman is hot on the fundraising trail, courting governments in the Middle East, among others, for a venture focused on making the chips needed to fulfill his vision of the AI revolution. And to call this vision “capital intensive” is an undersell. The Journal reports Altman sees the project needing to raise up to $7 trillion. Data from S&P Global Market Intelligence and Pitchbook (via The Financial Times) suggest that at the end of last year there… Source link

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Commercial real estate a ‘manageable’ problem but some banks will close: Powell

Commercial real estate a ‘manageable’ problem but some banks will close: Powell

Federal Reserve chair Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses, but that the problem is ultimately “manageable.” The central bank official made this point during a 60 Minutes interview that aired Sunday night. It was Powell’s first comments about the industry following a new bout of turmoil cascading through the stocks of many regional banks. “I don’t think there’s much risk of a repeat of 2008,” Powell said,… Source link

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