Renowned investor Bill Gross has expressed his belief that Tesla, led by Elon Musk, is exhibiting characteristics of a speculative play among retail investors. Gross highlighted that Tesla’s behavior resembles that of a meme stock, citing sagging fundamentals and a surge in price action as key indicators. He warned that the recent trend of new
Finance
In June, China experienced an unexpected rise in consumer price inflation, increasing by only 0.2% from the previous year. This was below expectations, as analysts had predicted a 0.4% year-on-year increase. The producer price index, on the other hand, fell in line with forecasts, dropping by 0.8% from a year ago. These contrasting trends in
As President Joe Biden faces a critical juncture in his presidency, there are growing doubts about his potential reelection bid. According to Stifel, there is a significant 40% chance that Biden will decide not to seek another term in office. This assessment comes as Congress returns from its Fourth of July recess, marking a pivotal
When it comes to deciding whether to rent a car for your road trip or use your own vehicle, vehicle capacity is a major factor to consider. If your current car is not big enough to accommodate all the passengers and luggage needed for the trip, renting a larger vehicle may be the more practical
China is facing a potential tariff on its imported electric cars by the European Union. The European Commission has threatened to impose additional duties on Chinese EVs if discussions do not progress well, with definitive measures set to take effect in four months. This has sparked concerns and discussions between the two parties regarding the
The market for initial public offerings in Hong Kong is expected to experience significant improvements over the next five years, according to George Chan, global IPO leader at EY. Despite the challenges posed by high U.S. interest rates, regulatory scrutiny, slower economic growth, and U.S.-China tensions in recent years, there is optimism about a positive
The American Reshoring ETF, created by Tema ETFs CEO Maurits Pot, has been making waves in the investment world with its focus on U.S. manufacturing job resurgence. While some may see this as a trend towards deglobalization, Pot believes that it is the beginning of a new era for local job creation and manufacturing. Launched
China holds a significant portion of the world’s critical minerals supply chain, including tungsten. This metal, known for its hardness and high energy density, plays a crucial role in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines. Chipmakers like Taiwan Semiconductor Manufacturing Company and Nvidia rely on tungsten for
Passion tourism, a trend that revolves around people’s personal interests and cultural events, is on the rise among Americans. The recent example of Americans traveling abroad to attend Taylor Swift concerts highlights the growing interest in combining travel with passion. From London to Amsterdam, fans are making an effort to see their favorite artist perform
Chewy’s shares saw a surge in value after it was revealed in a Securities and Exchange Commission filing that meme stock trader Keith Gill, also known as “Roaring Kitty”, had acquired over 9 million shares of the pet food e-commerce retailer. This purchase represented a 6.6% stake in the company, making Gill the third-largest shareholder