The 2022 Detroit Auto Show Was a Depressing Ghost Town

Ford Motor Company’s display at the 2022 North American International Auto Show.photo: Lalita Chemello The 2022 North American International Auto Show in Detroit opened its doors to media and industry professionals this week, with public days beginning tomorrow. NAIAS was once the pinnacle of the US auto show circuit, with huge, over-the-top displays and reveals … Read more

Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks.

Tech companies, electric-vehicle makers and some meme stocks are part of the aggregate mix of equities inside the portfolios of Robinhood users, according to a new index from the brokerage app geared at new investors. These are stocks like Amazon AMZN, +2.66%, Microsoft MSFT, +2.30%, Tesla TSLA, +3.60%, Apple AAPL, +1.88%, Ford Motor Company F, … Read more

These 20 EVs Will Keep Their Tax Credits for Now

photo: Ford There are 20 electric vehicles that will qualify for the $7,500 EV tax credit through the end of the year, the US and Mexico are ending a labor probe at a Mexican Stellantis plant, and Warren Buffet doesn’t seem to0 worried about the car market. All that and more in The Morning Shift … Read more

The red flag that preceded the halving of global equities in 2000 and 2007 is back, warns Citi

We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things … Read more

Fuel cell-powered truck maker Hyzon’s stock suffers record plunged after accounting questions raise delisting fears

Shares of Hyzon Motors Inc. were a record plunged toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of suffering,” including accounting regularities that will cause it to miss the filing deadline for second-quarter results. That prompted a number of analysts to back away from their bullish stances, including … Read more

AMC takes aim at massive debt burden with ‘APE’ special dividend

AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its “APE” special dividend after market close on Thursday. This, of course, is a company that is no stranger to bold moves, as evidenced by the movie theater chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC, … Read more

AMC announces special dividend in the form of ‘Ape’ preferred shares; stock falls

AMC Entertainment Holdings Inc.’s stock fell by more than 10% in extended trading on Thursday after the company announced a special dividend in the form of “Ape” preferred shares. The dividend marks the latest move in a fight over stock issuances. AMC Entertainment Holdings Inc. AMC, +2.47% has turned to the special dividend after it … Read more

How one investor applied the lessons of the meme stocks frenzy to blockchain and NFTs

Almost two years ago, during the first winter of the COVID pandemic, Roman Tirone was introduced to the world of meme stocks. “I think I had a couple of friends reached out about them to me and I took a look,” the New York City-based investor told MarketWatch. “There was a strong community that was … Read more

Toyota Sales are Going From Bad to Worse

photo: Toshifumi Kitamura/AFP (Getty Images) Toyota is seeing its sales go from bad to worse as supply chain issues take hold, EV startup Lordstown Motors saw its first ever profit, and Boeing workers at three US plants agreed on a new contract. All that and more in The Morning Shift for August 4, 2022. 1st … Read more

Keep running with the bond bulls, says Bank of America

The rally in bond markets of late has been startling. Hopes grow that inflation may have peaked, and evidence of a US economic slowdown build, benchmark 10-year Treasury yields BX:TMUBMUSD10Y fell from around the 3.5% level touched in mid-June, to near 2.5% at the start of this week. A 100 basis point retreat in less … Read more