Tesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington.The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed.Utility-scale battery energy storage systems help electricity grids keep supply and demand in balance. They are increasingly needed to bridge the supply-demand mismatch caused by intermittent energy sources such as solar and wind.Chinese media outlet Yicai first reported that the deal, worth 4 billion yuan ($556 million), had been signed by Tesla, the local…
Author: usaeverydaylife
Despite beating earnings estimates and maintaining solid profit margins, Carvana (CVNA) has been under pressure recently, losing more than 9% in the last eight sessions — all on tariff scare headlines. While tariffs are a legitimate concern for many companies, this kind of sharp drop is a textbook example of a knee-jerk reaction — and the market is full of them. As a mean reversion trader, the goal is to identify these overreactions and take the other side when the setup aligns. In this case, I’m using a couple of key technical indicators to spot whether CVNA is setting up…
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta and EssilorLuxottica on Friday unveiled a new line of Oakley smart glasses that include the social media company’s artificial intelligence assistant. The Oakley Meta HSTN, as the glasses are known, is the latest product borne from a multiyear partnership between the two companies. The HSTN smart glasses – which are pronounced how-stun – are pitched toward athletes and have a starting price of $399. The glasses represent…
Lionel Bonaventure | Afp | Getty ImagesCoinbase has secured a license from Luxembourg to offer crypto services across the European Union and will make the country its central hub in the region.The U.S. crypto exchange’s main European base has been in Ireland since 2023.Coinbase said Friday that it obtained its Markets in Crypto Assets (MiCA) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).MiCA is a sweeping regulation that aims to create a harmonized legal framework for crypto across all 27 EU member states. The rules, which came fully into force late last year, also aim to reduce risks…
These are the stocks posting the largest moves in early trading. Source link
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview on the sidelines of the JPMorgan China Summit in Shanghai, China, on Thursday, May 22, 2025. Qilai Shen | Bloomberg | Getty ImagesOnce a laggard in the online investing game, JPMorgan Chase now believes it is a leader.The bank on Friday is set to unveil new tools that allow investors to research and purchase bonds and brokered CDs through its mobile app, CNBC is first to report.Users can set up customized screens and compare bond yields on the same banking app or web portal that…
Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. NYSEShares of Circle continued to climb on Friday as investors cheered the Senate approval of its proposed stablecoin legislation, the GENIUS Act.The stock was up nearly 17% in premarket trading as excitement continued to build. The bill passed the Senate Tuesday and now heads to the House of Representatives. Shares rose 33% on Wednesday on the news. The market was closed Thursday for the Juneteenth holiday.Circle is on pace to end the week higher by almost 50%. It has rocketed…
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City on Nov. 12, 2024.Brendan Mcdermid | ReutersFederal Reserve Governor Christopher Waller said Friday that he doesn’t expect tariffs to boost inflation significantly so policymakers should be looking to lower interest rates as early as next month.In a CNBC interview, the central banker said he and his colleagues should move slowly but start to ease as inflation is now longer a major economic threat.”I think we’re in the position that we could do this and as early as July,” Waller said during a “Squawk Box”…
Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022.David Paul Morris | Bloomberg | Getty ImagesDarden Restaurants on Friday beat Wall Street’s earnings and revenue estimates, while the Olive Garden parent predicted solid growth for fiscal year 2026.Shares of Darden rose more than 2% in premarket trading Friday.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.98 adjusted vs. $2.97 expectedRevenue: $3.27 billion vs. $3.26 billion expectedDarden reported fiscal fourth-quarter net income of $303.8 million, or $2.58 per share, compared with…
Wells Fargo sees a rosy outlook ahead for Mondelez International . The bank upgraded the Oreo and Cadbury manufacturer to overweight rating from equal weight. Analyst Chris Carey’s price target of $78 — up from $68 — implies upside of nearly 18%. “We view MDLZ as one of the best execution stories in Staples, with potential to deliver superior long-term growth, driven by share gains in developed market, white space opportunities in developing markets, and a proactive M & A strategy,” Carey wrote. “While the company is confronting historical inflation in 2025, 1) pricing execution has been strong, 2) inflation…
