U.S. stocks closed lower on Friday as investors focused on debt-ceiling talks in Washington D.C., which Republican Rep. Garret Graves of Louisiana, a deputy for House Speaker Kevin McCarthy, said were on pause. The Dow Jones Industrial Average DJIA, -0.33% ended about 109 points lower Friday, or 0.3%, near 33,426, but booked a 0.4% weekly …
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Shares of American Airlines Group Inc. and JetBlue Airways Corp. dropped late Friday after a U.S. judge sided with the Justice Department in a lawsuit aimed at undoing the airlines’ joint venture in airports in the Boston and the New York City areas. In separate statements, both JetBlue JBLU, -1.80% and American Airlines AAL, -1.53% …
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As electric cars gain more mainstream attention, numerous EV stocks have emerged as winners over the past decade. Of course, Tesla (NASDAQ:TSLA) has led the way, providing life-changing returns for those who bet on the success of Elon Musk’s vision. However, with the market maturing, there are plenty of other opportunities to consider. Competition is picking up, …
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Source: rafapress / Shutterstock Electric vehicle battery technology company QuantumScape (NYSE:QS) might seem like a promising startup in a potentially hyper-growth niche industry. However, financial traders should maintain low expectations for QS stock in 2023. It’s a harsh reality to face, but QuantumScape’s financials aren’t ideal. Moreover, the company’s progress toward product commercialization is moving at …
More than any time since the advent of fossil fuels, new, game-changing energy technologies are emerging and proliferating, making many energy stocks very attractive. The latter phenomena are not really surprising, given the huge increases in the utilization of renewable energy, along with the electric-vehicle revolution. Among the new technologies rising to the forefront are …
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Over the past eighteen months, shares in Cash App and Square parent Block (NYSE:SQ) have fallen in price by around 75%. With this, many investors may believe that the worst is already priced-in with SQ stock. But while Block’s valuation is a lot more reasonable today than it was in late 2021, don’t assume that …
Continue reading “Why SQ Stock May Plunge Again Before Bottoming Out”
Foot Locker Inc. signage is displayed in the window of a store in New York, U.S. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading Friday. Bloom Energy — The clean energy stock jumped 5.1% following an upgrade to overweight from neutral by JPMorgan. The bank said there’s …
