Tesla (NASDAQ:TSLA) Stock Marking 2-Year Lows, Musk Tries to ‘Stop the Bleeding’

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$TSLA Tesla (NASDAQ:TSLA) sank to a 2-year low after CEO Elon Musk told employees that effective immediately he and the fledgling EV maker’s new CFO will be scrutinizing every dollar the company spends in a “hardcore” focus on costs. Almost laughable if not so futile attempt to stop the bleeding there. In an e-Mail to staff, Musk said it was...

US Economy Continues to Expand

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$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: This economic expansion is set to become longest in US history, according to the latest leading-indicators data. The Conference Board Leading Economic Index (LEI) for the US increased 0.2% in April to 112.1, following a 0.3% increase in March, and a 0.2% increase in February. "The US LEI rose in April, the third consecutive increase,...

Consumer Sentiment Marks 15-Year High, Outlook Upbeat

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US consumer sentiment spiked to the strongest marks since Y 2004 on a surge in economic expectations following an unexpectedly strong report on first quarter growth. The University of Michigan's preliminary sentiment index rose to 102.4 in May, topping all estimates in a survey of economists who had projected the gauge would hold at 97.2. 5 years ago in May 2014 under...

Amazon.com, Inc. (NASDAQ:AMZN) crushed Q1 views, but sales growth has been slowing

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Amazon.com, Inc. (NASDAQ:AMZN) crushed Q1 views, but sales growth has been slowing The Leaderboard stock is chasing a 1964.50 buy point. Shares climbed 2% to finish at 1,907.57 on the stock market today. Amazon stock found support at its 50-day moving average earlier this week. The e-commerce giant's relative strength line, which tracks a stock's performance vs. the S&P 500 index, is close to record...

Elon Musk suffered a brutal rebuke this week after major Tesla investor T. Rowe Price revealed that it had dumped 81% of its Tesla, Inc. (NASDAQ:TSLA) stock

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Elon Musk suffered a brutal rebuke this week after major Tesla investor T. Rowe Price revealed that it had dumped 81% of its Tesla, Inc. (NASDAQ:TSLA) stock T. ROWE PRICE UNLOADS TESLA SHARES – AND IT’S NOT ALONE T. Rowe Price held just 1.7 million shares of Tesla on March 31 this year, down substantially from the 8.9 million shares it owned at...

NASDAQ Composite (.IXIC) strong economic data

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NASDAQ Composite (.IXIC) strong economic data U.S. stock indexes rose 1 percent on Thursday and were on pace to extend a two-day winning streak,lifted by better-than-expected earnings from Cisco and Walmart,and robust economic data that underscored the strength of the domestic economy. Cisco Systems Inc CSCO.O rose 6.1%, the most among the S&P and the Dow indexes, after the network gear...

Dow Jones Industrial Average (.DJI) looks set for a positive open

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Dow Jones Industrial Average (.DJI) looks set for a positive open Global stocks traded lower across the board Thursday, although U.S. stocks look set for a positive open, as investors reacted to a series of moves by President Donald Trump, including the blacklisting of China's Huawei Technologies from doing business with the United States, that underscored the breadth of his...

Alibaba Group Holding Limited (NYSE:BABA) earnings report highlights

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Alibaba Group Holding Limited (NYSE:BABA) earnings report highlights Alibaba said it expects revenue for the full fiscal year ending in March 2020 to top 500 billion yuan, which will be a 33% year-on-year increase. Net income attributable to ordinary shareholders rose to 25.83 billion yuan, from 7.56 billion yuan in the same period a year earlier. The group said sales came mainly...

United States Oil (USO) prices are delicately balanced between competing forces

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United States Oil (USO) prices are delicately balanced between competing forces Oil prices have generally tracked risk appetite so far this week, dropping sharply on Monday before recovering over the last three days. Wednesday’s rally was supercharged by escalating geopolitical tensions in the Middle East; when asked whether the U.S. would go to war with Iran, the president stated “I...

Apple Inc. (NASDAQ:AAPL) could eat the cost and leave iPhone prices untouched

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Apple Inc. (NASDAQ:AAPL) could eat the cost and leave iPhone prices untouched For more than a year, Apple Inc. avoided major damage from the U.S. trade war with China, thanks in part to a White House charm offensive by Chief Executive Officer Tim Cook. But the company now faces its first major hit — from both sides of the dispute. A...