FTSE 100 surges after restrictions ‘not as tough’ as feared but US stocks mixed September 23, 2020 The FTSE 100 jumped as it continued to recover from Monday’s rout, while US stocks were mixed as investors weighed up the chances of fresh stimulus. London’s blue-chip index was up 1.7 per cent at 5,926 points, edging it closer to the 6,000 threshold. The FTSE 250 was up 1.05 per cent. Read more: Coronavirus: [...]
The “homebody economy” – investing in your digital back yard September 23, 2020 It is clear that UK shares are unloved. No likes, no shares, no new friend requests. The level of gloom surrounding this market is remarkable even amongst UK based investors, who, you might think, should feel more comfortable investing here. This is not just pandemic queasiness. Although the UK economy is service-led to some extent, [...]
Musk says $25,000 Tesla ‘three years away’ as investors wipe off $50bn September 23, 2020 Tesla boss Elon Musk said last night that he expects a cheaper, fully autonomous Tesla model to be available “about three years from now”. However investor reaction to the company’s highly anticipated Battery Day was muted, leading Tesla’s market valuation to fall by around $50bn. “This has always been our dream to make an affordable [...]
Nikola founder steps down after short-seller’s fraud allegations September 21, 2020 The founder of electric truck firm Nikola has stepped down from his position as executive chairman, following a spate of fraud claims against the company by short-seller Hindenburg Research. “The focus should be on the company and its world-changing mission, not me. So I made the difficult decision to approach the board and volunteer to [...]
In 2020, How Can Anyone Afford to *Trade* Amazon’s Stock? September 16, 2020 In July 2020, Amazon’s stock was over $3,000 per share. With disposable income at a premium in 2020, how can anyone actively trade this stock? For most retail traders it is just too much money locked up on a daily basis. You could find a broker who allows you to trade a full share with [...]
Tesla rival Nikola admits faked video as SEC launches fraud probe September 15, 2020 Regulators are said to be preparing to investigate fraud allegations against electric truckmaker Nikola, after the firm admitted to faking a video of its truck driving itself. The US Securities and Exchange Commission is to examine allegations against Nikola by short-seller Hindenburg Research, sources told Bloomberg. Hindenburg, which profits off Nikola’s falling share price, claimed [...]
FTSE 100 and US stocks tentatively climb after rough week September 11, 2020 The FTSE 100 headed towards the end of the week slightly higher and US stocks recovered some ground after another sell-off yesterday. London’s blue-chip index was up 0.2 per cent at 6,015 points in afternoon trading as official data showed the UK economy grew seven per cent in July. The FTSE 250 of mid-cap firms [...]
FTSE 100 edges into the green as Wall Street opens higher on tech bounce September 10, 2020 The FTSE 100 edged into the green as US stocks opened higher as a bounce in tech stocks overshadowed the high number of jobless claims. London’s blue-chip index climbed 0.19 per cent after spending most of the session in the red in anticipation of the ECB’s rates decision. The FTSE 250 of smaller-cap firms rose [...]
FTSE 100 and US stocks climb as investors regain poise September 9, 2020 The FTSE 100 and US stocks have risen after a bloodbath on global markets yesterday saw big tech names plunge. London’s blue-chip index rose 1.3 per cent to 6,009 points in afternoon trading. The FTSE 250 – the 100’s little brother – fell 0.2 per cent, however. Read more: Tesla shares set for worst day [...]
Tesla shares set for worst day in six months as tech sell-off bites September 8, 2020 Tesla’s share price fell more than 18 per cent as Wall Street opened this afternoon, putting it on track for its worst performance in nearly six months as investors spurned US tech stocks. The electric carmaker was excluded from a group of companies being added to the S&P 500 index — a milestone the company [...]