The future of Tesla's stock took a hit on Wednesday, leaving investors pondering the reasons behind the slump. As it turns out, it could be a combination of market factors and events at the Munich auto show that may have triggered the decline. Deutsche Bank analyst Emmanuel Rosner recently had a meeting with Tesla management during a conference tied to the IAA Mobility event in … [Read more...] about Tesla Stock Suffers as Deliveries and Profit Margins Disappoint
U.S. Crude Inventories Decline More Than Expected
The Energy Information Administration (EIA) released its latest report on the status of U.S. commercial crude inventories, revealing a larger-than-anticipated decrease. For the week ending September 1st, inventories fell by 6.3 million barrels, surpassing analysts' expectations of a 5.6 million barrel decline. Gasoline and Distillate Stockpiles In addition to the impressive … [Read more...] about U.S. Crude Inventories Decline More Than Expected
Meme-Trader Enthusiasm Fails to Boost Bottom Lines: A Look at GameStop and AMC Entertainment
Meme-traders have been generating excitement in the stock market with their enthusiasm, but unfortunately, the buzz has not translated into significant financial gains for companies. This fact is evident from GameStop's latest earnings report and the recent developments at AMC Entertainment. AMC Entertainment Faces New Low Shares of AMC Entertainment, identified by the ticker … [Read more...] about Meme-Trader Enthusiasm Fails to Boost Bottom Lines: A Look at GameStop and AMC Entertainment
Mortgage Rates Decline, But Buyers Remain on the Sidelines
Mortgage rates have seen a slight decrease this week, although it may not be enough to entice buyers into the market. The trajectory of mortgage rates going forward will likely depend on economic data that will be released next week. According to Freddie Mac, the average 30-year fixed-rate mortgage was 7.12% during the week ending on Thursday, September 7. This marks the second … [Read more...] about Mortgage Rates Decline, But Buyers Remain on the Sidelines
Okta Narrows Losses and Sees Revenue Jump in Q2
By Sabela Ojea In the fiscal second quarter ending on July 31, Okta, the digital identity verification provider, showed promising results with a significant reduction in losses and a surge in subscription revenue. The company reported a net loss of $111 million, or 68 cents per share, compared to a loss of $210 million, or $1.34 per share, in the same period the previous … [Read more...] about Okta Narrows Losses and Sees Revenue Jump in Q2
