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Elon Musk wants $100m from government for secret plan

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Elon Musk is seeking a hefty $100 million from the U.S. government to support a bold new initiative.

Tesla, the pioneering electric vehicle manufacturer, is pursuing funding to establish a network of cutting-edge Megacharging stations along the route between California and Texas, dedicated to powering its revolutionary all-electric semi-truck, aptly named the Semi.

Reports from CleanTechnica and Bloomberg reveal that Tesla’s proposal outlines the construction of nine strategically located charging stations spanning the stretch between Northern California and the southern Texas border. Each of these stations is set to feature an impressive array of eight individual 750-kilowatt chargers, enabling up to eight Semis to charge simultaneously at each of these facilities.

Official requests

Tesla is also rallying Texas state officials to advocate for their cause by sending official requests to the federal government to secure the necessary funding. This initiative comes in the wake of the Semi’s debut in 2022, following its 2017 prototype unveiling, with PepsiCo being among the early adopters, receiving 15 of these groundbreaking vehicles.

The significance of the Semi lies in its distinction as the first all-electric sixteen-wheeler to enter the market. This development aligns with the global imperative to combat climate change by adopting cleaner energy solutions for industrial shipping. Trucks, as highlighted by the Environmental Protection Agency, have become the fastest-growing source of hazardous air pollution in the United States, necessitating a transition to cleaner alternatives.

With millions of tons of goods transported daily, largely reliant on fossil fuels, the Tesla Semi represents a transformative step towards reducing pollution and mitigating the impacts of climate change.

While the approval of Tesla’s funding request is anticipated later this year, the company’s commitment to this eco-friendly endeavor remains resolute, even if the government’s support is not secured.

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Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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