EV Startup Fisker’s U.S. File for Bankruptcy

(Reuters) – Electric vehicle startup Fisker, which sought Chapter 11 protection earlier this week, said its U.S. units had also filed for bankruptcy in a court in Delaware on Wednesday. Fisker Inc and its other U.S. subsidiaries have entered into Chapter 11, the firm said, adding that discussions about the sale of assets remain ongoing. […]

Top 4 Real Estate Stocks That May Plunge This Month

As of June 17, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices […]

Nasdaq manages 5th straight record high close; S&P 500 ends barely lower

By Caroline Valetkevitch NEW YORK (Reuters) -The Nasdaq eked out a fifth straight record closing high on Friday following gains in Adobe and other technology-related shares, while the S&P 500 and Dow ended slightly lower. The S&P 500 ended its four-day run of record closing highs, but still climbed more than 1% for the week. […]

Flat US May CPI boosts confidence that Fed is reining in inflation

(Reuters) – The U.S. Consumer Price Index was unexpectedly unchanged in May amid cheaper gasoline, but inflation likely remains too high for the Federal Reserve, which concludes it regular policy meeting later on Wednesday, to start cutting interest rates before September. The flat reading reported by the Labor Department on Wednesday followed a 0.3% increase […]

Nvidia sparks chatter over possible Dow inclusion after stock split

(Reuters) -Nvidia’s 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether’s inclusion in the blue-chip Dow index. The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company’s outstanding shares without changing its market valuation. “A […]

US Household Wealth Hit Another Record

(Reuters) – U.S. household wealth rose to a record of more than $160 trillion in the first three months of 2024 thanks to the stock market’s record run and gains in real estate, Federal Reserve data showed on Friday. Household net worth rose 3.2%, or by $5.1 trillion, with the appreciation of equity holdings accounting […]

IMF says ECB rate cut “appropriate,” Fed should stay cautious

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that the European Central Bank’s rate cut is “appropriate” given declining inflation in the euro area, but that both ECB and Federal Reserve policy makers should maintain a data-dependent approach. IMF spokesperson Julie Kozack also told a regular news briefing that the U.S. […]

Campbell Soup Leans on Eat-at-Home Demand

By Juveria Tabassum (Reuters) -Campbell Soup on Wednesday beat quarterly estimates and raised its forecast for annual net sales growth, banking on a recovery in demand for its soups and frozen meals and a boost from its purchase of Rao’s sauce maker Sovos Brands. After several quarters of declines, Campbell’s volumes showed sequential improvement this […]

Tech talk

EV Startup Fisker’s U.S. File for Bankruptcy

June 19, 2024

(Reuters) – Electric vehicle startup Fisker, which sought Chapter 11 protection earlier this week, said its U.S. units had also filed for bankruptcy in a court in Delaware on Wednesday. Fisker Inc and its other U.S. subsidiaries have entered into Chapter 11, the firm said, adding that discussions about the sale of assets remain ongoing. […]
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