Tesla electric vehicles are parked at a Tesla service center on Aug. 2, 2025 in San Diego, California.Kevin Carter | Getty Images There are generally two ways for a company to increase its profit: increasing sales or cutting costs. Preferably both at the same time — because a rise in revenue might be overshadowed by spiking expenses.That’s what happened to Tesla in the third quarter. Revenue at Elon Musk’s electric vehicle company rose 12% year on year, the first increase in three quarters. Despite that, net income plunged 37% from a year earlier.The culprits? Lower vehicle prices, presumably in a…
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Goldman Sachs is recommending investors consider buying puts on a basket of companies with weak fundamentals as a way to hedge against a potential market pullback. “We see rising investor interest in hedging near-term drawdown risks given equity markets are near all-time highs,” strategists wrote in a note to clients Wednesday. “While the options market prices based on trailing volatility, fundamentals gain a new importance in a broader sell-off,” they said. Goldman believes free cash flow remains the most critical indicator of downside resilience. To capitalize on this dynamic, Goldman identified a number of sell-rated stocks that have low- or…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses highlights from Tesla’s conference call following its third-quarter earnings report and what happened after CEO Elon Musk didn’t mention the expanded robotaxi fleet in his prepared remarks with Gene Munster, co-founder and managing partner at Deepwater Asset Management. Source link
Bank of Korea warned there’s a chance of increased volatility following more rate hikes from the Fed, following U.S. Federal Reserve Chair Jay Powell’s speech in Jackson Hole. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSouth Korea’s central bank kept its benchmark interest rate unchanged at 2.5% for the fourth consecutive meeting Thursday, as policymakers continued to flag household debt as a key risk.The decision was in line with expectations from economists polled by Reuters, and followed the introduction of tighter property measures in Seoul aimed at curbing borrowing.On Oct. 15, South Korean media reported that stricter…
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesTesla’s forthcoming artificial intelligence chip that it’s calling the AI5 will be manufactured by Samsung in Texas as well as by TSMC in Arizona, CEO Elon Musk told investors on Wednesday.On the electric vehicle maker’s third-quarter earnings call, Musk said Tesla is shooting for “excess production,” and that any chips not used in cars or robots can be used in his company’s data centers.”Our explicit goal is to…
Asia-Pacific markets fell Thursday, tracking Wall Street’s declines on concerns about U.S.-China trade relations.Trade fears resurfaced after Reuters reported Wednesday stateside that the Trump administration is considering curbs on exports to China that are made with U.S. software, citing a U.S. official and three people briefed by U.S. authorities.The sources said that the plan, which could cover a wide range of items from laptops to jet engines, might not move forward, however, and that it’s not the only option that’s being discussed.Japan’s benchmark Nikkei 225 index retreated 1.52% in early trade, while the Topix declined 0.71%.Investors in Asia will also look…
CNBC’s “Fast Money” team discusses the options market and meme stocks with OpenInterest.PRO’s Mike Khouw. Source link
Bank leaders seem to have reached a consensus: Despite a minefield of uncertainties this year, the U.S. consumer has remained surprisingly resilient. The takeaway for stock-pickers, though, is far from clear-cut. Ranging from President Donald Trump’s aggressive trade policy to the path of interest rates and a cooling labor market, the questions looming over the economy in 2025 are manifold. The ongoing government shutdown is the latest wrinkle, presenting risks to both the actual economy and investors’ ability to understand what’s going on due to the lack of economic data collection. Through it all, the banking world is still painting…
Peter Endig | AFP | Getty ImagesThe New Jersey attorney general sued Amazon on Wednesday, alleging the company has violated the rights of thousands of pregnant employees and staffers with disabilities who work in several of its facilities in the state.The complaint, filed in Essex County Superior Court by the office of Attorney General Matthew Platkin, alleges Amazon violated state anti-discrimination law in how it treats pregnant employees and employees with disabilities when they request a work accommodation.The state said the lawsuit follows a years-long investigation by its civil rights division into Amazon’s treatment of workers at warehouses across New…
CNBC’s “Fast Money” team share their final trades of the day. Source link
