Author: iannouncethis.com

Lucid announced revenue of $150.9 million in Q2 2023 driven by customer deliveries of 1,404 electric vehicles. Luxury electric vehicle manufacturer Lucid Group Inc (NASDAQ: LCID) shares closed on August 7, 2023, trading at $6.41, down 3.17 percent from the day’s opening value. However, Monday’s losses were almost obliterated during after-hours with a 3.12 percent gain. The tweak in Lucid shares on Monday was attributed to the announcement of the Q2 2023 financial results that largely missed Wall Street expectations. Notably, the electric vehicle company reported a revenue of $150.9 million versus the $175 million expected by analysts surveyed by…

Gold ETFs Gold exchange-traded funds (ETFs) give traders exposure to the price movements of gold without having to buy the physical underlying asset. Gold ETFs are typically structured as trusts. Under this structure, the ETF holds a certain number of gold bars for each share of the ETF issued. Buying a share of the ETF means owning a portion of the gold held by the trust. Because these ETFs hold physical gold, their prices move with the price of gold over the short and long term. However, there are sometimes minor tracking errors when the ETF price deviates from its…

#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb US stocks moved down Wednesday during midday trading as investors fretted over a potential US debt default and braced for the release of minutes from the Federal Reserve’s last policy meeting. The S&P 500 (^GSPC) was down 0.95%, while the Dow Jones Industrial Average (^DJI) fell 0.86%, or more than 200 points. The technology-heavy Nasdaq Composite (^IXIC) slipped 1.02% at 12:28pm ET. In Treasuries, the yield on the benchmark 10-year note…

Riding out the financial system shakeupgetty This one of those times when a combination of serious, negative pressures will test the U.S. financial system. The test is potentially disastrous because the past actions of the Federal Reserve and the U.S. Government will be of no help. That’s because their actions created the pressures (think inflation and over-leverage). For example, The Wall Street Journal today (Aug. 7) highlighted one pressure in, “A Real-Estate Haven Turns Perilous With Roughly $1 Trillion Coming Due.” (Underlining is mine) “Apartment buildings, long considered a real-estate haven, are emerging as the next major trouble spot in…

A low Reserve Risk implied that prices were low and HODLer confidence was high.  Long-term holders store nearly 75% of all Bitcoins in circulation. Crypto circles have been flooded with speculations on Bitcoin’s [BTC] next moves from the ongoing rangebound price movement. For context, after ripping to yearly highs during June’s market rally, the king coin has bored market participants, meandering in a narrow zone between $29,000-$31,000. Is your portfolio green? Check out the Bitcoin Profit Calculator A lot of expert analyses have attributed the lull to investors’ growing inclination to HODL coins rather than liquidate them for gains. However, it…

I recently covered a curious case in Brent, London, where the council paid the landlord’s legal fees and rent in order to prevent a Section 21 eviction from happening thanks to the lack of social housing in the area. It seems likely these cases happen all the time, but this is just one of the few times where it’s entered the public sphere. While it’s certainly an odd predicament, I think it underlines why it’s important to have social and private housing providers working in tandem across the UK. That means having a properly funded social housing sector to give…

Under a program run by the U.S. Department of Housing and Urban Development (HUD), HUD homes are those that have been acquired by the government due to foreclosure on an FHA-insured mortgage. To recoup the monetary loss on the foreclosure, HUD endeavors to sell these homes to the public.  HUD homes can present an opportunity to buy property at a steep discount. If you want to bid successfully on a HUD home, however, it’s important to understand how the process differs from a standard property search. Key Takeaways HUD homes are houses that the government has reclaimed due to foreclosure,…

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Bitdeer’s chairman Jihan Wu lays out what to expect after the bitcoin mining company finally goes public. Chapters: 00:00 – CNBC Crypto World, April 14, 2023 0:23 – Ether soars 0:55 – The headlines 3:50 – Jihan Wu of Bitdeer For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi  » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision…

Shares of Yellow dive after the trucking company filed for bankruptcy and Berkshire Hathaway reports a 6% increase in earnings after it boosted its investment income. Here’s what investors need to know today. 1. Yellow Shares Plummet After Trucking Company Files for Bankruptcy Shares of troubled trucking company Yellow (YELL) plummeted 27% in pre-market trading after it filed for Chapter 11 bankruptcy protection on Sunday, following a week where its share price shot up more than 400% after announcing its intentions to file. The company, which had mounting debt and was in a labor dispute with the Teamsters union, said…

Prime Video logo on Chromecast menu displayed on a TV screen and Chromecast remote control are seen … [+] in this illustration photo taken in Krakow, Poland on July 19, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty Images Amazon’s stock (NASDAQ NDAQ : AMZN) has gained approximately 53% YTD as compared to a 17% rise in the S&P500 index over the same period. However, at its current price of $129, the stock is trading 11% below its fair value of $144 – Trefis’ estimate for Amazon’s valuation. The company outperformed the street expectations in the second quarter…