Tesla enters the dumping ground – Rental car market

Elon Musk, CEO of Tesla, took another step in defying conventional wisdom by agreeing to provide Hertz with 100,000 Teslas to be delivered by next year. The news was extremely well received by Wall Street and took Tesla’s market cap past $1 trillion and in the process...

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Dealing with the mother of all traffic jams

Supply chain shortages; Inflation worries; Rising oil prices; Fed tapering concerns; Interest rate hike timeline - these are the topics that have been filling the business news cycle all week. Let's break it down:   1. Supply chain shortages - The root of the...

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Covid – Please go away

The stock market bounced back on Friday after the major indexes suffered their worst month of the year in September amid rising fears of inflation, slowing growth and rising rates - the Dow Jones was down 4.3%, the S&P 500 fell 4.8%, and the Nasdaq Composite was...

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Bad news bears are looking for a correction

The calls for a stock market correction are beginning to blow through Wall Street. Deutsche Bank cautioned on the chance for a near-term correction in markets. Bank of America also issued a warning. Like clockwork, the S&P 500 endured another mid-month swoon. But,...

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What spooked the market this week?

The S&P 500 had its worst week since June, down 1.7%. The Dow and Nasdaq declined as well, down 2.2% and 1.6%, respectively. Primary reasons for the decline was over inflationary pressures and the Federal Reserve’s plan to pull back on bond purchases later.  The...

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More reasons to avoid Chinese stocks

Every week brings more bad news for investors in Chinese companies. The latest victim is the video game sector, following a clampdown on ride hailing services, e-commerce platforms and education sectors not too long ago. On Monday this week, China imposed a new rule...

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