TipsForTraders

Activist investor Elliott gains board seat at Etsy

reuters | February 1, 2024

(Reuters) -Etsy (NASDAQ: ETSY) on Thursday appointed Elliott Investment Management portfolio manager Marc Steinberg to its board, effective Feb. 5, the two sides said in a release. Elliott, one of the world’s most prominent investors, has a 13% economic stake in Etsy, including both common shares and swaps, a person familiar with the matter said, […]

Volvo Cars sees ‘tremendous growth’ in EVs, CEO says

reuters | January 17, 2024

By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) -Volvo Cars remains confident of “tremendous growth” in the electric vehicles market, CEO Jim Rowan told the Reuters Global Markets Forum in Davos on Wednesday, countering gloomier projections from rivals. The carmaker, which aims for electric vehicles (EVs) to contribute half its sales volume by mid-decade […]

Rivian signs agreements with Georgia to start building EV factory (Nov 13)

reuters | November 14, 2023

(Reuters) – (This Nov. 13 story has been corrected throughout to remove the reference to Rivian’s plans to raise nearly $15 bln in debt for an EV plant in Georgia and instead to say that the company has signed an agreement with the state that will allow it to start building a planned EV factory) […]

Silvergate’s deepening crisis jolts crypto stocks

reuters | March 6, 2023

By Manya Saini (Reuters) – Shares of Silvergate Capital Corp fell 10% in early trading on Monday after the bank suspended its crypto payments network and expressed doubts over the viability of its business. The crypto-focused bank said late on Friday that it had made a “risk-based decision” to discontinue the Silvergate Exchange Network (SEN) […]

AI stocks surge as investors bet on growth prospects

reuters | March 3, 2023

(Reuters) -Shares of artificial intelligence-based (AI) product makers zoomed on Friday, as a strong forecast from retail darling C3.ai Inc amplified an ongoing euphoria in the segment driven by the launch of OpenAI’s ChatGPT. C3.a1 forecast better-than-expected revenue and profit for both the fourth quarter and fiscal year 2023, after its third-quarter results topped Wall […]

EV Maker Polestar’s Q4 Loss Narrows, Won’t Engage in Price Wars

reuters | March 2, 2023

By Marie Mannes (Reuters) – Electric vehicle (EV) maker Polestar on Thursday posted a smaller quarterly loss, maintained its 2023 production outlook and said it would not engage in price wars while weakening demand has forced some rivals to scale back output. This year is proving to be a tough one for EV makers, as […]

Lockheed’s HIMARS Plant Gearing Up to Meet Demand After Ukraine Success

reuters | February 28, 2023

By Mike Stone CAMDEN, Arkansas (Reuters) – Lockheed Martin’s mobile rocket launcher plant in Camden, Arkansas is gearing up to boost production of the HIMARS system after its success on the battlefield in Ukraine drove up demand from other nations, executives said on Monday. The High Mobility Artillery Rocket System (HIMARS) is now a widely […]

Cryptoverse: Bitcoin moves towards Satoshi’s payment dream

reuters | February 28, 2023

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator’s faith. The 15-year-old cryptocurrency has filled many roles – from source of speculation to hedge against inflation – but has struggled to find a clear identity. Now there are growing signs it’s edging […]

Nissan raises global EV targets; to boost U.S. input

reuters | February 27, 2023

TOKYO (Reuters) -Nissan Motor Co Ltd on Monday raised its electrified car sales goals and said it would boost power train production in the United States, as it looks to catch up in a segment dominated by newer automakers such as Tesla Inc. The Japanese automaker was a pioneer in electric vehicles (EVs) with its […]

Yellen says EV battery mineral trade pacts can likely bypass Congress

reuters | February 24, 2023

By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Yellen said on Friday that she expects that future limited free trade agreements focused on battery minerals with the European Union and other trusted allies would not need approval from Congress. Yellen told reporters on the sidelines of a G20 finance meeting in India that such […]

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