FTSE 100 today: London markets set to shine green, riding global upward momentum April 24, 2024 Asian markets followed Wall Street's upward trend, with oil and gold prices trading nearly flat as tensions in the Middle East eased. Tesla's stock soared 13 per cent after plans to fast-track a 'more affordable' model release. Attention now shifts to the upcoming earnings reports from Meta, Boeing, IBM, and Intel.
Tesla’s stock skyrockets 13 per cent after announcing speedier launch of ‘more affordable’ models April 24, 2024 Tesla's stock soared by over 13 per cent in after-hours trading, marking a significant rebound from its lowest point in 15 months.
Have we passed peak electric car? April 24, 2024 Electric cars have not become better or cheaper fast enough, and without rapid improvements the market will run out of road, says Paul Ormerod This week I got rid of my electric car. As a car, it was a pleasure to drive. I also enjoyed the fact that it disconcerted at least some of my [...]
Exclusive: Cathie Wood on Tesla and Elon Musk: ‘We don’t listen to what he says’ April 23, 2024 Cathie Wood, CEO of infamous American tech investment firm ARK, is still bullish on Tesla and Elon Musk, despite the poor performance of its stock price in recent months.
FTSE 100 today: London markets set to reach fresh highs on increased speculation of BOE rate cuts April 23, 2024 Asian markets mirrored Wall Street's positive momentum, while oil prices rebounded and gold hovered near a one-week low. Bitcoin remained steady despite so-called halving. Investors eagerly awaited Global PMI data and Tesla's earnings report for market direction.
Fourth Bitcoin halving is a moment For celebration April 22, 2024 By the time you read this, Bitcoin will have completed its 4th Halving. The issuance rate of Bitcoin is designed to drop by half every 210,000 blocks, roughly every 4 years. This increases Bitcoin's scarcity and makes it harder to mine. However, no developers press a deploy button, and there is no big announcement at a tech conference - the code just executes. The last Halving will occur around the year 2140 when the last of 21 million Bitcoin is mined.
Global top 50 companies: UK absent as American tech triumphs April 22, 2024 There are now no UK companies among the top 50 largest listed companies in the world, as the British economy has struggled to compete with the dominance of American tech firms.
‘Magnificent Seven’ sell-off ahead of big week for big tech April 22, 2024 Big tech share prices have been dented by a sector-wide sell-off of risky assets ahead of four "Big six" firms reporting Q1 results.
FTSE 100 today: London markets poised for green start as Israel-Iran tensions ease; focus turns to ‘Magnificent Seven’ earnings April 22, 2024 Global markets saw a significant turnaround, with Asian stocks rebounding strongly while oil and gold prices dipped. Bitcoin, on the other hand, surged by 3 per cent. Investors are eagerly awaiting earnings reports from the "Magnificent Seven" companies and aviation giants Boeing and Airbus, making this a pivotal week.
Banks, retailers and tech giants dominate big blue-chip results week April 21, 2024 A slew of blue-chip results on both sides of the Atlantic will dominate the corporate news agenda this week, alongside key US economic data set to bolster the case for higher-for-longer interest rates.