Business

Tesla Stock Drops After Sales Record In China, Production Cut Reports

Tesla (TSLA) sold a record number of China-made vehicles in November, according to data released by the EV giant Monday. However, multiple reports on Monday said Tesla is also planning to cut its EV production in China, as demand seems to be faltering. Tesla stock tumbled Monday. x The EV giant on Monday refuted the …

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Tesla shares sink amid China production slowdown rumors

Wedbush Securities managing director Dan Ives tells ‘Varney & Co.’ why he tempered Tesla expectations for Q4 and cut his price target. Amid rumors of a production slowdown in China, Tesla’s share price backpedaled nearly 7% on Monday as institutional investors begin keeping an eye on global demand. Bloomberg reported the electric vehicle manufacturer would …

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ChatGPT: This AI chatbot is dominating social media with its frighteningly good essays

CNN — Imagine if Siri could write you a college essay, or Alexa could spit out a movie review in the style of Shakespeare. OpenAI last week opened up access to ChatGPT, an AI-powered chatbot that interacts with users in an eerily convincing and conversational way. its ability to provide lengthy, thoughtful and thorough responses …

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Stocks are likely to get smacked down in the first half of 2023

The outlook for 2023 is a bit better for stocks, but the first half sounds like it could be downright ugly. Wall Street strategists are unveiling their outlooks for next year. There is somewhat of a shared view that the first half could be particularly rough, with the market possibly testing its October lows. Then …

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4 key year-end moves to ‘control your tax reporting destiny’

eighty Mongkhonkhamsao | moment | Getty Images 1. Boost your 401(k) contributions If you haven’t maxed out your workplace 401(k), there may still be time to boost your contributions for 2022, said Guarino. The move may lower your adjusted gross income while padding your retirement savings, but “time is of the essence,” he said. With …

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Trump’s Surprise Christmas Present to Joe Biden is Still Moving Markets

No one could predict what President Donald Trump would do in the last days of December 2020, and stunned onlookers could only wait and hope. One lobbyist recalled how he didn’t dare to bring up the elephant in the room as Trump debated signing the $900 billion COVID recovery stimulus bill into law. “We didn’t …

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S&P 500 could plunge 20% in coming months as recession hits, BofA warns

Former Federal Reserve Board of Governors member Randall Kroszner discusses if the Fed’s inflation strategy is working on ‘Cavuto: Coast to Coast.’ the stock market could face another tumultuous year in 2023, with the S&P 500 experiencing a dramatic correction if the US tumbles into a recession, according to Bank of America strategists. In a …

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10 Dividend Aristocrat stocks expected by analysts to rise up to 54% in 2023

Stocks of companies that raise dividends consistently have outperformed during this year’s bear market. Below is a screen showing which stocks are analysts’ favorites for next year among an expanded list of Dividend Aristocrats. That’s followed by a list of Aristocrats with the highest dividend yields. First, let’s define this group of stocks. Holding up …

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Gold, silver hit hard by profit taking, bearish outside markets

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold and silver prices are sharply lower in midday US trading Monday after hitting multi-month highs overnight. The …

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Hertz to pay $168 million to settle false car theft claims

Rental car giant Hertz Global Holdings announced Monday it would pay $168 million to settle 364 claims that it erroneously filed criminal reports against customers who did not return vehicles on time. In February, CBS News reported that Hertz was facing claims from hundreds of customers who said they were falsely arrested for auto theft. …

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