Stellantis stock: why is its EV reset being punished harder than GM and Ford?

Stellantis (NYSE: STLA) suffered a historic collapse this morning, plunging more than 25% in a single session, which marks its worst day since the 2021 merger of Fiat Chrysler and PSA Group. The carnage started today after management announced an “alarming” €22.2 billion ($26.5 billion) impairment charge, admitting that it drastically overestimated the pace of… Continue reading Stellantis stock: why is its EV reset being punished harder than GM and Ford?

Nio stock just got rid of a major overhang: find out more

For years, the primary cloud hanging over Nio Inc (NYSE: NIO) has been its inability to translate technological brilliance into sustainable profitability. Its persistent “cash burn” often scared away value-oriented investors, keeping the stock price under pressure despite rising delivery numbers. However, that major overhang just evaporated. In a historic “profit alert” issued today, the… Continue reading Nio stock just got rid of a major overhang: find out more

Commodity wrap: silver plummets 13%, gold below $4,900; oil dips on Iran talks

Precious metals are experiencing renewed selling pressure, with silver prices falling sharply on Thursday. This decline has largely erased the brief rebound the sector saw earlier this week. On COMEX, the March silver contract shed more than 13% on Thursday, while gold fell more than 2% below $4,900 per ounce.  Meanwhile, oil prices also fell… Continue reading Commodity wrap: silver plummets 13%, gold below $4,900; oil dips on Iran talks

Brazil markets rise as Lula interview and earnings season take center stage

As investors concentrated on political developments and a packed schedule of corporate earnings, Ibovespa futures were trading higher on Thursday, indicating a cautiously optimistic tone in Brazilian markets. The February futures contract was up 0.17% at 182,705 points at 9:07 a.m. Brasília time. According to local media outlet InfoMoney, most of the market’s focus was… Continue reading Brazil markets rise as Lula interview and earnings season take center stage

Qualcomm stock: why the ‘memory problem’ may be overstated

Qualcomm (NASDAQ: QCOM) shares opened about 11% down on Feb. 5 after the semiconductor giant issued cautious guidance for its fiscal Q2 that overshadowed its record-breaking performance in the holiday quarter. In its earnings release, the company based out of San Diego, CA, cited the global memory shortage that’s forcing smartphone manufacturers to scale back… Continue reading Qualcomm stock: why the ‘memory problem’ may be overstated

US stocks open lower as Nasdaq falls 0.6% and tech selloff deepens

US stocks head into Thursday’s session on the back foot after another bruising tech selloff knocked Wall Street’s most popular trades off their pedestal. The S&P 500 dropped around 0.46%, while the Nasdaq Composite slid about 0.6%, extending a sharp two‑day retreat in high‑growth names. The Dow Jones Industrial Average shed roughly 240 points, or… Continue reading US stocks open lower as Nasdaq falls 0.6% and tech selloff deepens

Polymarket takes crypto offline with free grocery store push in New York City

Polymarket is stepping away from screens and apps and into the physical world. The crypto-based prediction market platform is opening a free grocery store in New York City, pairing the initiative with a major donation aimed at tackling food insecurity. Announced on Feb. 3, the project marks an unusual move for a digital-native company and… Continue reading Polymarket takes crypto offline with free grocery store push in New York City