Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service.
Schlagwort-Archiv: Financial
Cathie Wood’s funds take big morning hit before rebounding as the tech trade stumbles
Shortly after the open, her Ark Innovation Fund was down 11%. By 10 a.m. ET, it had already traded more than 8 million shares..
Stocks making the biggest moves in the premarket: Lowe’s, GameStop, Square, Intuit & more
The stocks making the biggest moves in premarket trading include Lowe’s, GameStop, Square, Intuit, and more.
Chinese court rules that a woman’s housework is worth $128 a month
The decision for a 50,000 yuan payout for five years of household work was made under China’s new civil code that took effect in January.
Bitcoin bounces back, surging above $50,000 after more buying from Square
Bitcoin climbed back above the $50,000 level Wednesday, after a brutal sell-off earlier this week.
A U.S. strategy paper on China draws a tepid response in Beijing
„The Longer Telegram“ and its call for stringent U.S. policy on China caught the attention of many in Washington, but only a passing public response in Beijing.
Another Chinese city launches a digital currency test — this time it’s much larger at $6 million
The scale of the trial in Chengdu city is much larger than one in Beijing earlier this month, which aimed to distribute $1.5 million to 50,000 applicants.
Lowe’s tops earnings estimates as same-store sales jump 28%, warns that some DIY trends could fade
Lowe’s said fourth-quarter same-store sales climbed 28.1%, as consumers spent money on home projects during the pandemic.
Watch the first ever video of NASA landing a rover on Mars
NASA released first-of-its-kind video of its Perseverance rover touching down on the surface of Mars.
Hedge funds that hunkered down after GameStop are now missing out on market gains
Popular long positions among hedge funds have lagged the S&P 500 partly due to selling in reaction to the GameStop retail trading frenzy.