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Musk claims political backlash affects Tesla stock prices

Musk claims political backlash over government cuts is impacting Tesla’s stock performance and causing public protests against him.

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Musk claims political backlash over government cuts is impacting Tesla’s stock performance and causing public protests against him.

In Short

Elon Musk believes his role in the Trump administration is harming Tesla’s stock price, which has dropped significantly this year.

He is also supporting a conservative candidate in a state election, but Tesla faces additional challenges like declining vehicle deliveries and increased tariffs in the U.S. auto industry.

Elon Musk has stated that his involvement in the Trump administration may be negatively impacting Tesla’s stock price.

During a town hall event in Wisconsin, he expressed concern that his position with the Department of Government Efficiency, which advocates for government job cuts, has triggered backlash against Tesla.

Musk noted that his stock and that of Tesla has significantly decreased, with shares down approximately 34% year-to-date and nearly halved from their peak in December.

Long-term opportunity

On Monday, shares were down an additional 6% in premarket trading. Despite the decline, Musk suggested this could represent a long-term buying opportunity.

He is also actively supporting a conservative candidate in an upcoming state supreme court election, having invested over $12 million in the race.

Musk’s political engagement has led to public demonstrations against him, including protests at Tesla dealerships and vandalism directed at Tesla vehicles.

Aside from his role in the Trump administration, Musk has been a notable political figure, campaigning with Trump in the 2024 elections and frequently commenting on various political issues on X, the social media platform he owns.

Tesla is reportedly facing challenges beyond Musk’s political activities. The company has experienced a decline in vehicle deliveries, particularly in Europe, and a recent note from investment firm Stifel has lowered both its price target and sales projections for Tesla.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Money

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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