Despite Surge In Tesla Stock, Investment Director Stresses Concerns Over Fundamentals And Demand: ‘Bottom Line…Fundamentals Are Not Good’

The recent surge in Tesla Inc. (NASDAQ:TSLA) shares has not deterred Mark Hawtin, investment director at GAM Investments, from voicing concerns about the company’s fundamentals and potential demand problems. What Happened: Despite the positive market response, Hawtin remains skeptical about Tesla’s fundamentals, particularly in light of increasing competition in the EV market. He noted that […]

Delta Air Lines, JPMorgan And More On CNBC’s ‘Final Trades’

On CNBC’s “Halftime Report Final Trades,” JP Morgan Private Bank’s Anastasia Amoroso picked the iShares US Consumer Discretionary ETF (NYSE:IYC) as consumer spending is picking up and consumers are spending on services, travel and e-commerce. Jim Lebenthal of Cerity Partners named Delta Air Lines, Inc. (NYSE:DAL), as fundamentals look great. On April 10, Delta Air […]

Trump And Biden Supporters Are Worlds Apart On Everything Except For This One Issue

As the United States becomes more and more politically polarized, one issue stands out as a rare point of consensus: cannabis legalization. In late March 2024, a Pew Research Center survey found that an overwhelming share of U.S. adults (88%) believe marijuana should be legal for medical or recreational use, crossing the vast ideological spectrum for […]

Drugmaker AbbVie expects Humira volume erosion to worsen

By Leroy Leo and Christy Santhosh (Reuters) -AbbVie expects a drop in sales volumes of its blockbuster arthritis drug Humira to deepen after recent changes by U.S. pharmacy benefit managers and as patients shift to other drugs. Its shares were down nearly 5% in afternoon trade on Friday, after the company forecast U.S. Humira sales […]

Q1 US GDP Shows Surprise Slowing and Uncomfortable Inflation

NEW YORK (Reuters) – U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure inflation component suggested that the Federal Reserve would not cut interest rates before September. Gross domestic product increased at a 1.6% annualized rate last quarter, the Commerce Department said in its advance […]

US TikTok bill sets up fight over free speech protections

By Mike Scarcella (Reuters) – The U.S. government set up a likely court showdown over the scope of TikTok’s free speech protections under the U.S. Constitution after President Joe Biden signed legislation on Wednesday to ban the social media platform from app stores unless its Chinese owner sells it. While the bill itself does not […]

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