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Stock Market Today: Dow Hits 50,000 For First Time — Live Updates The Wall Street JournalDow surges 1,200 points for first close above 50,000 in sharp rebound from tech rout: Live updates CNBCStocks hit historic milestone as Dow crosses 50,000 points for first time ever cnn.comStocks Rebound After Volatile Week as Dow Hits Record High The New York TimesThe Road to Dow 50000
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How TrumpRx drug prices compare to generic alternatives AxiosWhite House Debuts Drug-Buying Site TrumpRx, With Roughly 40 Medications The Wall Street JournalTrumpRx: See the 43 drugs available on the Trump administration's new discounted drug site cbsnews.comTrumpRx: What to Know About Insurance Benefits, Pricing and Savings The New York TimesHow effective will TrumpRX be at lowering prescription drug prices for Americans? PBS
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Stellantis said it expects to take a 22-billion-euro ($26 billion) as it overhauls its business to accelerate the rollout of electric and hybrid vehicles.
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Fear of AI Replacing Software Makers Hits Stocks. Here's What to Know. The New York TimesDon't label it a SaaSpocalypse just yet AxiosAllegra Stratton: Starmer Should Focus on Anthropic Bloomberg.comAI fears pummel software stocks: Is it 'illogical' panic or a SaaS apocalypse? CNBC
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Bard College President Leon Botstein Was Close With Jeffrey Epstein The New York Times‘I miss you': Emails detail close ties between Jeffrey Epstein and Bard President Leon Botstein Times UnionBard President Botstein made plans to go to Epstein island, files show Daily FreemanGalvan mum on Bard president's Epstein ties The Daily Gazette
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The Dow Jones industrial average surpassed 50,000 points for the first time, as old line stocks come back into vogue.
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Bodies found in area in Mexico where search is on for 10 missing workers from Canadian mine AP NewsBody found in Mexico appears to be 1 of 10 kidnapped employees of Canadian mining company, authorities say CBCSearch for kidnapped Sinaloa mine workers intensifies Mexico News Daily10 Miners from Canada Were Abducted in Mexico, Possibly by Cartel Members, Says Official People.comOperations for missing miners hit organized crime in Mexico BNamericas
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TrumpRx: See the 43 drugs available on the Trump administration's new discounted drug site cbsnews.comWhite House Debuts Drug-Buying Site TrumpRx, With Roughly 40 Medications The Wall Street JournalHow TrumpRx drug prices compare to generic alternatives AxiosHow effective will TrumpRX be at lowering prescription drug prices for Americans? PBSTrumpRx: What to Know About Insurance Benefits, Pricing and Savings The New York Times
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Dow surges 1,200 points for first close above 50,000 in sharp rebound from tech rout: Live updates CNBCStocks hit historic milestone as Dow crosses 50,000 points for first time ever cnn.comStock market today: Dow, S&P 500, Nasdaq rise after tech rout as Wall Street rethinks AI risks Yahoo FinanceCommentary: The Dow just broke 50,000. Here's what that means latimes.com
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Shares of Stellantis are headed for their worst-ever day of trading after the carmaker announced a massive charge to reset its business.
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How options on the BlackRock bitcoin ETF may have worsened crypto meltdown CoinDeskBitcoin (BTC) price: BlackRock's ETF (IBIT) hits $10 billion volume record, hinting at capitulation CoinDeskBlackRock Links Record Bitcoin ETF Volumes With New Digital Advice Push simplywall.stAussie crypto ETF investors unfazed by Bitcoin bloodbath investordaily.com.au
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A bipartisan proposal discussed at the White House Friday would push tech companies to bankroll power plants as consumer anger over utility bills mounts.
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that's more than half of your co-workers, neighbors and friends.
It's also about the number of Americans who own stocks.
Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions.
SEE MORE Crypto Has Been Through the Wringer in 2022: What Now?
For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest.
As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?"
Here are some important concepts to get comfortable with.
How Cryptocurrency Works: The Basics
Say you order a new set of patio furniture online. A credit card company or p
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