Image source: Sam Robson, The Motley Fool UK It has been quite a rollercoaster ride for NIO (NYSE: NIO) of late. Between the end of August and the start of last month – a matter of weeks – NIO stock soared by 94%. Since then though, the electric vehicle (EV) maker has seen its share price plummet by 38%. That still leaves it well above where it was just a few months ago, and 154% higher compared to five years back. Still, could the recent price fall give me a buying opportunity? Seesawing price action It is helpful to understand…
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WASHINGTON (AP) — The Supreme Court on Wednesday seemed likely to keep alive a class-action lawsuit accusing Nvidia (NVDA) of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency. The justices heard arguments in the tech company’s appeal of a lower-court ruling allowing a 2018 suit led by a Swedish investment management firm to continue. It’s one of two high court cases involving class-action lawsuits against tech companies. Last week, the justices wrestled with whether to shut down a multibillion-dollar class action investors’ lawsuit against Facebook parent Meta stemming from the privacy scandal involving…
The Dodge Durango, a staple since its third-generation debut in 2010, will reach the end of its production with the 2025 model. Marking this final iteration, the 2025 model will also retire the Hemi V8 engine. Despite its rugged charm, the Durango shows its age in comparison to more efficient, recently updated three-row competitors like the Mazda CX-90, Toyota Grand Highlander, and Hyundai Palisade, with the Durango’s larger engine translating to lower fuel efficiency. Nevertheless, it outshines most in its class when it comes to towing, boasting a maximum capacity of 8,700 pounds. Performance enthusiasts can still find powerful options…
The Federal Reserve is in the “last mile” of its inflation fight, with price pressures converging towards the U.S. central bank’s 2% target, though recent data have raised the risk that progress may slow or reverse, St. Louis Fed President Alberto Musalem said on Wednesday. “In my baseline scenario, based on current information, I expect inflation to converge toward 2% over the medium term,” Musalem said, a situation that would allow the Fed to “judiciously and patiently” continue to lower interest rates. But “recent information suggests to me that the risk of inflation ceasing to converge toward 2%, or moving…
Bringing a fresh touch of European sophistication to the bustling compact SUV market, the 2025 Volkswagen Tiguan enters its third generation. Already revealed in Europe, this model will soon reach the U.S. The new Tiguan has been designed with a longer body than its predecessor, resulting in extra rear cargo space, and it will continue to offer a third-row seat. Sharing a similar suspension and platform with the current GTI hatchback, the Tiguan promises a particularly engaging driving experience for a crossover. We’ll update this article with additional details about pricing, specifications, and photos of the new Tiguan as they…
Introduction Traditional finance had two dominant perspectives on cryptoassets as 2022 drew to a close. Some saw bitcoin and the like as merely stand-ins for high beta equity market exposure. Others believed that FTX-related reputational damage had rendered the asset class toxic and uninvestable for the foreseeable future if not for all time. But crypto’s performance in the first half of 2023 has proven the lie to both these characterizations and revealed an asset class with resilience. Simplistic Narratives Conceal the Value The correlation between bitcoin and the S&P 500, NASDAQ, and other equity market indices has shifted conclusively from…
Image source: easyJet plc The past year has seen easyJet (LSE: EZJ) report strong demand and bring back its dividend. Over 12 months, the easyJet share price has grown 28%. Where might things go from here – and should I invest? Strong performance and robust demand At the interim results stage in May, easyJet reported good news on customer demand. Passenger numbers were up 11% compared to the same period the prior year. Revenue jumped 23% to £3.3bn. Meanwhile, headline costs (that is, costs excluding one-offs) grew more slowly, by 17%. Still, there was a headline loss before tax of…
A student student sits in a lecture hall while class is being dismissed at the University of Texas at Austin on February 22, 2024 in Austin, Texas.Brandon Bell | Getty ImagesNearly a third, 30%, of federal student loan borrowers say they’ve gone without food or medicine because of their monthly bills.That grim finding comes from a new survey by the Consumer Financial Protection Bureau, conducted between October 2023 and January 2024, and including more than 3,000 responses from people with an active or recently active student loan account.The bureau sought to gauge more broadly how tens of millions with education…
In a turbulent year marked by persistent headwinds, Boeing Co (NYSE:)’s stock has descended to a 52-week low, touching down at $141.44. The aerospace giant has faced a multitude of challenges, from production issues to weakened demand in the wake of the global pandemic, which have significantly impacted its market performance. Over the past year, Boeing’s shares have seen a substantial decline, with the 1-year change data reflecting a steep drop of -31.71%. This downturn highlights the ongoing struggles for the company as it endeavors to navigate through a period of recovery and restructuring. In other recent news, Boeing Co.…
INDIANAPOLIS – Comcast, in partnership with the Indiana Broadband Office and the Indiana Office of Community & Rural Affairs, has announced a $55 million investment to expand high-speed internet access to rural areas in Indiana. This initiative is part of the state’s Next (LON:) Level Connections broadband grant program and aims to provide reliable internet services to unserved and underserved communities. The investment will facilitate the construction of internet infrastructure in Boone, Morgan, Shelby, Miami, Delaware, Fayette, and Rush counties. The project is set to empower these communities by enhancing connectivity for residents and businesses. Pre-construction work has already begun…