Tesla Showed Humanoid Robot Optimus on Friday Night at AI Day 2022 Tiger Newspress 2022-10-01 11:37 Tesla Motors +0.31% Post Tesla Inc. AI Day 2022 is slated to get started “precisely” at 09:15 p.m. ET, according to Elon Musk. Musk along with other executives, including Tesla Director of Autopilot Software Ashok Elluswamy would likely make presentations. Notable updates expected out of the event are related to the Optimus Tesla bot, the full self-driving software, the Dojo supercomputer, Tesla’s neural network training supercomputer and possibly Robotaxis. Musk is hoping to use the event to hire the best AI talent who could drive innovation in that arena. Musk gets started with a reference to Optimus and reminds people that Tesla is a public company. He jestingly remarks even he is not imm

Oil Jumps More Than 3% Ahead of OPEC+ Meeting on Supply Cuts Reuters 2022-10-05 08:45 Brent Last Day Financial - main 2212 -0.23% Light Crude Oil - main 2211 -0.20% NEW YORK - Oil rose by nearly US$3 a barrel on Tuesday on expectations of a large cut in crude output from the Opec+ producer group and as a weaker US dollar made oil purchases less expensive. The Organization of the Petroleum Exporting Countries and its allies, known as Opec+, look set to cut output when they meet on Wednesday. The move would squeeze supply in an oil market that energy company executives and analysts say is already tight due to healthy demand, a lack of investment and supply problems. Brent crude settled at US$91.80 a barrel, up US$2.94, or 3.3 per cent. US West Texas Intermediate (WTI) crude closed US$2.89, o

If Not The Bottom, Then What?Seeking Alpha2022-09-26 16:51DJIA-1.62%NASDAQ-1.80%SummaryLeading central bank interest rates, set by to fight inflation, are attempting to peak in the near future.With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-grades at 5.23%, the premium for government paper appears to be in place. However, it’s insufficient if demand curtailment works and drives up defaults.Did Friday’s stock market decline signal a bottom? Possibly, but it did not completely fit historical patterns.CaveatWe admit we don’t know what the future holds for us. I am falling back on my instinct to view things as bets with their own uncertain odds.Investment Markets Decline on September 23rdLeading central bank interest rates, sertt by to fight inflation, ar

5 Struggling Stocks to Buy at a DiscountMotley Fool2022-09-19 15:10Amazon.com-0.46%Walt Disney-0.30%KEY POINTSMoney can be made in bull markets, but fortunes are made in bear markets.So goes the Wall Street adage that's been proven right time and again.Long-term investors should focus on five years down the road -- not five weeks or months.Looking back at investing articles from 2009 and 2020, the worst years for stocks of the Great Recession and the pandemic, the fear in the market was palpable. But there were some brave souls with the foresight to look past the headlines -- those who did have been richly rewarded, as has been the case in every market correction. Forget timing the bottom; that's a fool's errand. Incrementally buying during those down times was ridiculously profitable.What

Should you buy index fund or individual stock right now?$Vanguard S&P 500 ETF(VOO)$ $SPDR S&P 500 ETF Trust(SPY)$ BullishInvesting in the stock market is one of the easiest and most effective ways to build long-term wealth, but choosing the right investments is critical.There are seemingly endless options, from low-cost index funds to individual stocks. There's not necessarily a right or wrong answer when it comes to where you invest, as it will largely depend on your personal preferences. Here's how to decide whether S&P 500 index funds or individual stocks are a better fit for your portfolio.S&P 500 index funds: What you need to knowAn S&P 500 index fund is a type of investment that aims to track the S&P 500 index itself. In other words, it includes the same stock

US STOCKS-Wall Street Ends Lower, Dow Confirms Bear MarketReuters2022-09-27 07:01DJIA-1.11%NASDAQ-0.60%Fed rate hikes have investors 'throwing in the towel'Casinos jump as Macau allows tour groups after nearly 3 yearsIndexes: Dow -1.11%, S&P 500 -1.03%, Nasdaq -0.60%Sept 26 (Reuters) - Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve's aggressive campaign against inflation could throw the U.S. economy into a sharp downturn.After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Average confirmed it has been in a bear market since early January. The S&P 500 index confirmed in June it was in a bear market, and on Monday it ended the session below its mid-Ju

Singapore mayimposemore taxes on the wealthy as it seeks more inclusive growth, its next prime minister Lawrence Wong signaled in an interview with Bloomberg News Editor-in-Chief John Micklethwait on Monday.The Southeast Asian financial hub, which has been a magnet for the well-to-do thanks to its low tax rates and modern infrastructure, is already planning toraise income taxesfor its richest residents, as well as duties on high-end property and luxury cars.Wong, who is also the city-state’s finance minister and deputy premier, has indicated the government needs to do more to tacklewealth inequalityas core inflation surges to a 14-year high.Yet it’s a fine balancing act. Overtaxing the wealthy could make the city less competitive with other nations looking to lure top talent and assets fro

3 Reasons Apple Stock Is a Great Buy Today Motley Fool2022-10-14 22:31 Apple -0.22% Post Apple is down less than the S&P 500 year to date, and some investors may be overlooking it as a good investment opportunity today. Instead, they may be searching for stocks that have seen worse declines. Investors may conclude that a rebound in the stock price will likely be less impressive than it will be for stocks that have seen steeper drops. But there's a reason the tech-giant's shares have been resilient: Apple is an outstanding business with strong long-term growth prospects. Here are several reasons why investors may want to consider buying shares of the tech company today while they're down about 20% year to date. 1. Apple generates massive amounts of cash One thing that may keep some inve

3 Stocks That Warren Buffett, Cathie Wood, and Wall Street All Like Right Now Motley Fool2022-11-06 10:51 Amazon.com +1.98% Post BYD Co., Ltd. -0.49% Red, white, and turquoise. Sausage, egg, and chocolate. Mickey Mouse, Donald Duck, and Wolverine. All three are unlikely trios. I'll add another to the mix: Warren Buffett, Cathie Wood, and Wall Street analysts. They aren't on the same page very often. But that doesn't mean they don't have any areas of agreement. Here are three stocks that Buffett, Wood, and Wall Street all like right now. 1. Amazon Berkshire Hathaway (BRK.A 0.75%) (BRK.B 1.27%) opened a position in Amazon (AMZN 1.88%) in 2019. Granted, it was other investment managers doing the buying rather than Buffett himself. However, Buffett clearly likes Amazon, referring to himself as

TSMC Chief Says Penny Chips Are Snarling Supply Chain Segments(Bloomberg) -- An endemic shortage of chips costing anywhere from 50 cents to $10 is slowing down swathes of the $600 billion semiconductor industry, Taiwan Semiconductor Manufacturing Co.’s top executive warned Tuesday.The persistent deficit of such low-end chips is holding up production in key segments of the supply chain, Chief Executive Officer C. C. Wei told attendees at a tech symposium. ASML Holding NV of the Netherlands is struggling to obtain $10 chips for its extreme ultraviolet lithography systems, or EUVs, he said. TSMC has dozens of the machines, which are critical for packing more power onto smaller slivers of silicon. Elsewhere, a 50-cent radio chip has been holding up the production of $50,000 cars, Wei said, wit

U.S. Stock Futures Rise After a Rollercoaster Week, Investors Await Key Earnings Reports Wall Street Journal2022-10-17 18:44 Brent Last Day Financial - main 2212 +0.95% Light Crude Oil - main 2211 +0.79% U.S. stock futures jumped, pointing to another day of outsize moves on Wall Street, as investors try to make sense of an unsettled economic outlook. Up ahead, investors will parse earnings from Bank of America, Bank of New York Mellon and Charles Schwab before the bell. Some of the biggest U.S. banks reporting last week said they were nervous of a recession. S&P 500 futures added 1.19%. Volatility struck the stocks benchmark last week. It slid 2.4% Friday after a 2.6% gain Thursday—moves investors said underscored angst over a possible recession and the pace of interest-rates rises, ra

China’s Pinduoduo to Enter US Market in First International StepBloomberg2022-08-22 19:46Slowing Chinese economy makes search for growth more urgentPDD pioneered social e-commerce and group buying in ChinaPinduoduo Inc., one of China’s biggest e-commerce operators, is preparing to enter the North American market in its first cross-border expansion, according to people familiar with its plans.The Shanghai-based company is looking for new growth avenues at a time when its domestic economy is sputtering, and will follow in the footsteps of successful international ventures like Shein and AliExpress. It’s currently preparing its merchant partners for the move, the people said, asking not to be named as the matter is not yet public.The company didn’t immediately respond to an inquiry seeking co

Why Coinbase Stock Is Down Another 7% on Friday Motley Fool2022-11-19 10:07 Coinbase Global, Inc. -0.57% Post What happened Amid the crypto market turmoil generated by the collapse of FTX, many investors are worried about how its fellow exchange operator Coinbase will perform from here. This week has been a mixed bag. Coinbase stock initially surged on the expectation that the bankruptcy of a key competitor could lead to the U.S.-focused crypto exchange gaining market share. But over the course of Wednesday and Thursday, the company's shares sank by more than 12%. The declines continued Friday morning, with Coinbase stock plunging by another 7.1% as of 11:58 a.m. ET. Friday's decline appears to have been spurred by a bearish analyst note from Bank of America. Analyst Jason Kupferberg slash

Oil Prices Fall 3% on Recession FearsLONDON, Aug 31 (Reuters) - Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy, the prospect of central bank interest rate hikes, and increased restrictions to curb COVID-19 in China.Brent crude futures for October, due to expire on Wednesday, were down $3.56 at $95.75 a barrel following Tuesday's $5.78 loss. The more active November contract was down $2.70, or 2.76%, at $95.14 a barrel.U.S. West Texas Intermediate (WTI) crude futures were down $2.58, or 2.82%, at $89.06 a barrel by 0939 GMT, after sliding $5.37 in the previous session on recession fears.The price swings since the Ukraine conflict began six months ago have rattled hedge funds and speculators and thinned trading, which in turn has m

SGX Weekly Review: SATS, Singapore Bank Home Loan Rates and Singapore Retail Sales smart investor2022-10-08 07:28 SATS LTD. -1.00% Straits Times Index -0.18% Welcome to this week’s edition of top stock market highlights where we bring you the latest news and corporate events. Bank home loan rates The trio of local banks, namely DBS Group(SGX: D05), United Overseas Bank Ltd(SGX: U11), or UOB, and OCBC Ltd(SGX: O39), have once again raised the rates on their mortgage loan offerings. The latest increase is in line withrising interest ratesas the US Federal Reserve hikes its benchmark policy rate to deal withsurging inflation. Singapore’s largest bank, DBS, is raising its fixed-rate housing loan interest rate to 3.5% from the earlier 2.75%. This new rate now applies to all four of the lender’s

How's China Taking To iPhone 14 Lineup? Analyst Shares Insights, Strategy To Boost Profits In Mature MarketApple, Inc. launched its newest iPhone lineup on Wednesday and the reactions have been mixed.Prominent Apple analyst Ming-Chi Kuo offered his take on the early pointers towards the uptake of the iPhone 14 models in China, one of Cupertino’s key markets.Premium Has Strong Momentum: Orders for the two iPhone 14 Pro models in China were around 85% and the lowest interest is for the iPhone 14 Plus at 5%, Ku said in a series of tweets.Historically pre-orders lean more toward Apple’s high-end products in the early stage, but this time around, orders for the Pro models have been higher-than-normal, the TFI Securities analyst said.This reflects Apple’s strategy change of having major updates

Oil Rises As Supply Fears Overtake Recession WorriesReuters2022-09-22 11:43Brent Last Day Financial - main 2211+0.77%Light Crude Oil - main 2211+0.82%Sept 22 (Reuters) - Oil rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession.Brent crude futures rose 50 cents, or 0.6%, to $90.33 per barrel by 0319 GMT, recouping their losses in early Asia trade. U.S. West Texas Intermediate (WTI) crude rose 45 cents to $83.39.Both benchmarks fell to a near two-week low on Wednesday after the U.S. Federal Reserve raised interest rates by 75 basis points for the third time to tame inflation and signaled that borrowing costs would keep rising this year.The market had priced in rate hike expectation and the anno

Bulls And Bears Of The Week: Meta, Apple, Microsoft, And Why Developments At Twitter Could Be Good News For Dogecoin Benzinga2022-10-30 09:02 Apple +0.07% Post Meta Platforms, Inc. -0.26% Post ZINGER KEY POINTS Twitter is reportedly working on a cryptocurrency wallet, which may support the use of Dogecoin, Elon Musk's favorite crypto. As Meta's stock of plunges, short sellers have now generated more than $6 billion in profits year-to-date Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories. The Dow Jones Industrial Average rallied on Friday, finishing the week 5.37% higher and closing out its fourth straight week of gains, despite some disappointing big tech earnings reports. The S&P 500 was up 3.70% for the

Musk’s First Email to Twitter Staff Ends Remote Work Bloomberg2022-11-10 19:07 Twitter +0.00% New Twitter Inc. owner Elon Musk emailed his workers for the first time late Wednesday to prepare them for “difficult times ahead” and ban remote work unless he personally approved it. Musk said there was “no way to sugarcoat the message” about the economic outlook and how it will affect an advertising-dependent company like Twitter, according to the email reviewed by Bloomberg News. The new rules, which kick in immediately, will expect employees to be in the office for at least 40 hours per week, he added. Twitter has been under Musk’s leadership for close to two weeks, in which time he has dismissed roughly half its workforce and most of its executive suite. The new boss has upped the price for

Oil Holds Loss After 6% Dive on Demand, China ConcernsOil steadied after slumping Wednesday with investors assessing global demand as China pushes on with its Covid Zero policy and central banks tighten monetary policy to fight inflation.West Texas Intermediate traded near $82 a barrel after collapsing by almost 6% to the lowest level since January. Several Chinese centers face anti-virus lockdowns, including the megacity of Chengdu, imperiling energy demand in the world’s biggest importer.Crude’s tumble in recent days has seen it break out of a trading range it had been in for much of the summer. Futures have been trading below key moving averages and forming bearish technical patterns that have compounded the recent selloff. Alongside that, key time spreads are pointing to a softer marke