Tesla shares have fallen 18% in a five trading session losing streak, capped by a 6% decline Thursday following disappointing fourth-quarter production and delivery numbers that has led some analysts to affirm their views on the electric vehicle maker.
SINGAPORE/LONDON (Reuters) -The dollar dipped but stayed close to a two-year high against a group of peers on Friday on investor bets the gap between growth in the U.S. and elsewhere will widen, while Chinese blue chips suffered their biggest weekly fall since 2022. "If a currency’s valuation is an expression of the degree of confidence in the growth outlook relative to other economies, it is a damning assessment of how the market reads the euro zone outlook versus that of the U.S. in 2025," said Kenneth Broux, head of corporate research FX and rates at Societe Generale. The U.S. currency rallied late last year as investors bet President-elect Donald Trump's policies would drive growth and inflation, meaning fewer further rate cuts from the Federal Reserve and higher yields on U.S. Treasuries, when European central banks are set to keep cutting rates.
News of the day for Jan. 3, 2025
MRC Global Inc. (NYSE:MRC) shares are trading higher premarket on Friday. The company has announced a new $125 million share repurchase program, set to run through January 2, 2028. The company plans to repurchase its common shares through various methods, including open market transactions, block purchases, and privately negotiated deals, all in compliance with federal securities laws. MRC Global expects to commence share repurchases in the second quarter of 2025. The management will determine t
Costamare ( (CMRE) ) has provided an update. Costamare Inc. has announced the declaration of quarterly cash dividends on its Series B, Series C, and Series D Preferred Stocks, alongside a dividend on its common stock. The dividends reflect the company’s performance and strategic financial management, taking into consideration factors like earnings, financial condition, cash requirements, and global economic conditions. This move is likely to impact stakeholders positively, reinforcing Costamare’
The benchmark US stock measures were tracking in the green before the open Friday after closing the
Creative Media & Community Trust Corporation announced that its Board of Directors has approved a reverse stock split of CMCT common stock at a ratio of one-for-ten. The Reverse Stock Split will become effective at 12:01 a.m. Eastern Standard Time on January 6, 2025, and CMCT common stock will begin trading on the Nasdaq Global Market on a split-adjusted basis at market open that same day. At the Effective Time, every ten shares of CMCT common stock issued and outstanding immediately prior to th
After a Cybertruck was used in a potential act of terror, Tesla’s CEO was quick to tout the vehicle.
After the EV company reported its delivery figures, investors now are focused on Tesla's Q4 earnings report later this month.
The S&P 500 is riding its longest losing streak since April.