Tesla (TSLA) stock fell 12% this week — it’s the second worst weekly performance in a year. But it did manage to settle above a key price area watched by traders. Even if price breaks to the downside, a relatively obscure technical indicator suggests Tesla is maintaining its long-term bullish trend. “For Tesla, the trend is higher based on that cloud — or shaded area on the chart,” says Katie Stockton, founder and managing partner of Fairlead Strategies, during a Yahoo Finance Plus on… Source link
Read More »Nike and other Western brands are likely to remain under a microscope in China: Cowen
The Chinese government has called for boycotts of several Western companies — including Nike, Adidas, and H&M — that have made past statements criticizing China for alleged human rights abuses against Uyghurs in the northern province of Xinjiang, where the Chinese government has built a network of internment camps for the Muslim minority group, forcing them to work in textile and other hard-labor manufacturing jobs, according to human rights groups. Though China denies the allegations,… Source link
Read More »Ford to Let 30,000 Employees Remain at Home Post-Pandemic
(Bloomberg) — Ford Motor Co. told employees they can continue to work from home, allowing more than 30,000 to use the office only when they need to, even after the pandemic is over. The “flexible hybrid work model” unveiled Wednesday lets employees choose to stay home for “heads-down work,” while coming to the office for meetings and team-building activities. The system will debut as soon as July and apply mostly to salaried office staff, not factory workers. Kiersten Robinson,… Source link
Read More »Tesla Former Board Member Says Elon Musk Company Won’t Remain ‘King Of The Hill In Electric Forever’
The Conversation Why using reconciliation to pass Biden’s COVID-19 stimulus bill violates the original purpose of the process Speaker of the House Nancy Pelosi and other top Democrats meet with reporters before the House voted to pass a $1.9 trillion pandemic relief package on Feb. 26, 2021. AP Photo/J. Scott ApplewhiteReconciliation – it’s a term federal budget experts would understand, but for the rest of us, it sounds like what you do with a family member you haven’t talked to in… Source link
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