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CORRECTION: RBC Capital Analyst Logan Reich Assumes Starbucks (NASDAQ: SBUX) With a Outperform Rating and Announces Price Target of $115.
US stocks experienced “Black Monday” and whether they will continue to plummet from there to find hints
Original title: US stocks experienced “Black Monday” and whether they will continue to plummet from there to find out which suggests that Monday (September 20) was the worst day since the S&P 500 index just closed in May. The US stock market recorded its biggest decline in about four months. Investors' prospects for the Fed's reduction triggered a sharp decline in global stock markets. The S&P 500 index fell 2.9% intraday, the biggest one-day decline since October 2020. The closing decline narrowed to 1.7%. Traders bought on dips again after the index rebounded from the closely watched moving average. Bianco Research President Bianco Research said that the city
Get ahead of Tesla! Amazon-backed Rivian's first electric pickup goes offline
Amazon-backed electric vehicle startup Rivian announced that the company's first R1T electric pickup pulled off the production line at a factory in Illinois on Tuesday morning local time, marking that the company became the first company in the world to bring electric pickups to market, ahead of Tesla, GM, and other competitors. Rivian founder and CEO Robert Joseph Scaringe (Robert Joseph Scaringe) said, “After months of trial production, our first customer vehicle opened our production line this morning! Our team worked together to make this moment
Indian payment giant Paytm officially submitted a prospectus Ant Group may sell 5% of its shares
Sina Tech News reported on the evening of July 16 that Paytm, India's largest e-wallet, has now submitted a listing prospectus, taking a critical step in listing. Currently, Ant Group holds 30% of Paytm's shares. According to foreign media reports, in order for Paytm to comply with listing rules, Ant Group is expected to sell about 5% of Paytm's shares. On July 16, Paytm's prospectus on the Securities and Exchange Commission of India website showed that Paytm has been actively driving the development of local inclusive finance and digital life in recent years, and has expanded into e-commerce, cloud services, and integrated financial services. As of 2021
Tesla analyst said that the market has decided who is the winner.
Todd Gordon (Todd Gordon), founder of TradingAnalysis.com, a market analysis firm, believes that the stock market has chosen the winner in the competition for the mass production of electric cars. Tesla's high valuation, which was trading at 137 times expected earnings as of Tuesday's close, fully illustrates where investors are betting as traditional carmakers scramble to develop their own electric vehicle projects, he said. Gordon said that traditional automakers will certainly take some market share from Tesla in the short term, "but if you look at the dozens of Tesla's access to major data centers,"
Global stock markets are close in the first half of the year and are expected to have their second best performance in more than two decades.
It is reported that there is only one trading day left in the first half of 2021, and global stock markets are on track to record their second best performance since the same period in 1998. If the MSCI global index's rise of about 12 per cent as of June 29 is sustained, it will be second only to the 15 per cent rise in the first half of 2019. The global benchmark stock index closed at an all-time high on June 28, rebounding nearly 90 per cent from its March 2020 low.
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