Auto Industry Buzz: Fisker Shares Surge on News of Potential Partnership
Shares of electric vehicle maker Fisker soared on Wednesday after the company revealed that it was engaged in “strategic” discussions with a major auto manufacturer.
Shares of electric vehicle maker Fisker soared on Wednesday after the company revealed that it was engaged in “strategic” discussions with a major auto manufacturer.
Super Micro Computer Inc. and Deckers Outdoor Corp. have been selected to join the S&P 500, a prestigious benchmark index that tracks the performance of the top 500 publicly traded companies in the United States.
Gold prices have surged to their highest close ever, following a significant $36 jump in a single day. The precious metal is now on track to break records as investors flock to safe-haven assets amidst economic uncertainty.
Investors are closely watching the distribution of wealth across various sectors as the Nasdaq hits a record high and Taiwan Semiconductor Manufacturing Co. jumps.
Duolingo’s stock surged a whopping 20% today, following a strong earnings report that exceeded market expectations.
Retailers roll out special promotions for leap day
Retailers across the country are gearing up for leap day 2024 by offering special promotions and deals to attract customers. From discounts on clothing and electronics to freebies with purchase, there are plenty of ways to save on February 29th.
Beyond Meat’s stock surged this week, leaving short sellers scrambling to cover their positions. The company’s shares rose by more than 18% on Tuesday, following news of a major distribution deal with a large grocery chain. This jump in price has caught many investors off guard, setting the stage for a potential short squeeze.
Bitcoin exchange-traded funds (ETFs) have seen a surge in trading volumes recently, with record-high numbers being reported across various platforms. Retail investors have been eagerly jumping on the crypto rally, adding to the increased demand for these investment products.
Increased Demand
First Solar attributed its strong performance to a surge in demand for renewable energy products. The company reported that its sales were up 20% compared to the same quarter last year, driven by growing interest in solar power.
Bitcoin has surged above $60,000 for the first time since November 2021. This significant jump has excited investors around the world as the cryptocurrency continues to gain momentum.