Tag Archives: tumbles

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

Roku, Inc. (ROKU) shares tumble lower in Thursday’s after-hours trading as its average revenue per user dropped by 4% year-over-year in the fourth quarter. The TV and streaming company managed to beat revenue estimates and reach 80 million active user accounts in the last quarter. Yahoo Finance Entertainment Reporter Alexandra Canal breaks down the earnings report and key figures moving the stock. For more expert insight and the latest market action, click here to watch this full episode of… Source link

(Bloomberg) — Samsung Electronics Co. posted its sixth straight quarter of declining operating profit, reflecting weak consumer demand and stoking uncertainty over the timing of a broader tech recovery. Most Read from Bloomberg Korea’s largest company reported a 35% fall in operating income to 2.8 trillion won ($2.1 billion), about 24% shy of estimates. Revenue slid more than anticipated to 67 trillion won. For all of 2023, Samsung reported its slimmest operating profit in 15 years. The… Source link

[unable to retrieve full-text content]Bitcoin rises, Tesla tumbles, Tapestry earnings: Top movers  Yahoo Finance Source link

Tesla (TSLA) stock fell early Friday after the company cut the price on two of its models in China, the automaker’s second cut in three months as it battles waning demand in the country. Tesla cut prices on its China Model 3 by 13.5%, which now starts at $33,515, and its Model Y by 10%, which now starts at $37,899, according to calculations from Reuters. Shares of the company fell more than 7% at the market open on Friday following the news, setting a new 52-week low for the automaker. Tesla… Source link

The pain for Tesla investors is unending as a rough week comes to a close. Tesla shares slipped another 4% today, dropping to multi-year lows and giving the stock a nearly 16% drop for the week, as of midday trading. Tesla investors have been blaming CEO Elon Musk for the near term weakness in the stock, with Twitter the main source of the criticisms. Long-term shareholders see him as distracted from running Tesla and abandoning the company during a critical period, and bringing downward… Source link

(Bloomberg) — The euro slid to a 20-year low against the US dollar as traders bet that the European Central Bank will go slower on raising interest rates as the economy risks being tipped into a recession. Most Read from Bloomberg The common currency fell as much as 1.4% to $1.0281, its weakest level since December 2002. The losses came as money markets continued to trimmed ECB tightening bets as growth outlook for the region darkens, with traders now eyeing the prospect of gas shortages as… Source link

(Bloomberg) — Shares of Rivian Automotive Inc. sank 21% as some early stakeholders got their first chance to unload shares on Monday. Most Read from Bloomberg Selling restrictions on certain Rivian insiders and investors ended on Sunday, freeing up a sizable chunk of the electric-vehicle maker’s float for public trading. The stock has now collapsed 87% from its November high. Now, the focus turns to the company’s two most prominent corporate backers — Amazon.com Inc. and Ford Motor Co…. Source link

Even mega-cap tech giant Amazon couldn’t bear up against the macroeconomic headwinds that imperiled Corporate America last quarter. Shares of Amazon (AMZN) plunged 12% on Friday, marking the tech giant’s biggest intraday drop since July 14, according to Bloomberg data. The slide wiped $170 billion off the company’s market valuation and sent the stock to its lowest level since June 2020. The sell-off comes at the heels of a disappointing earnings report from Amazon that showed a loss of… Source link

Stock futures opened higher Tuesday evening after a steep sell-off during the regular trading day, which pushed the S&P 500 and Dow to their lowest settlements so far of 2022. Contracts on the S&P 500 rose. The blue-chip index had closed lower by just over 1% on Tuesday, bringing it more than 10% from its record closing high from Jan. 3 — or below the threshold to have entered a correction. The Nasdaq and Dow each also ended in sharply in the red. Hopes of a diplomatic resolution for… Source link