DETROIT - It's the beginning of the end for Tesla's dominance of the U.S. electric vehicle industry, according to Bank of America Securities. As startups and legacy automakers introduce a significant number of new electric vehicles, Tesla's domestic share of the EV market is expected
Sam Bankman-Fried, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2021. Stefani Reynolds | Bloomberg | Getty Images FTX is swooping in to buy crypto lender BlockFi for pennies on the
Stocks fell on Thursday, as the S&P 500 caps off its worst first half in more than 50 years. The Dow Jones Industrial Average shed 240 points, or 0.7%. The S&P 500 slid 0.7%, and the Nasdaq Composite pulled back by 0.1%. All of the major
The miserable first half in financial markets comes to an end on Thursday. The S&P 500 SPX, -0.42% has dropped 20%. Government bonds have been
We are smack dab in the middle of a bear market. I’ve been saying it for months now. In our Options Arena three weeks ago, I was the lone bear calling for a 10% decline in the S&P 500. And sure enough, it’s fallen as far as 12.4%
Seriously? 96%?! That’s how many Americans failed a simple quiz on crypto basics. In other words, if you asked a room of 25 people about bitcoin and other cryptos… Only one person in that room would understand what you were talking about. And baby boomers performed the worst. Most of the
Back in the day, bars used to serve free lunches. However, there was a catch… The food was loaded with salt. Customers who ate the salty free lunch needed to buy beers to quench their thirst. The customers ended up spending a lot more for the beers than the
Tim Cook at the Apple launch event, March 8, 2022 Apple Apple said on Thursday that developers with iPhone apps distributed exclusively in the South Korean App Store can request to use third-party payment systems instead of Apple's in-app offering. But doing so will come at a cost.
A "For Sale" sign is seen outside a home in New York. Shannon Stapleton | Reuters A historic housing shortage brought on by the one-two punch of slow construction and strong pandemic-induced demand is finally starting to ease. Active listings for homes jumped 19% in June, the fastest
