NewsRoom Articles - Page 21 of 43

FridayJan 03, 2025 8:00 am

What Coinbase’s Stock Surge Could Mean for the Broader Crypto Industry

In a surprising development, Coinbase Global, Inc. (NASDAQ: COIN) has seen its stock price skyrocket, capturing attention across the financial world. This surge comes as a pleasant surprise for investors who had grown cautious due to the unpredictable nature of cryptocurrency markets. More than just a win for Coinbase, this rally signals broader implications for the crypto industry. The sudden increase in stock from Coinbase is closely linked to the comeback within cryptocurrency market. Popular digital currencies like Bitcoin and Ethereum have seen increased trading activity, with investors showing renewed confidence. This activity has boosted Coinbase’s revenue as the platform…

ThursdayJan 02, 2025 8:00 am

Alibaba, E-Mart from South Korea Plan Joint e-Commerce Venture Worth Billions

Alibaba Group Holding Ltd. (NYSE: BABA), one of the world’s largest e-commerce companies, is partnering with E-Mart, a leading retailer in South Korea, to create a major new business. Together, they plan to merge their online platforms, AliExpress Korea and Gmarket, into a joint e-commerce venture. Each company will own 50% of the partnership, making it an equal collaboration. This venture is expected to launch next year. Interestingly, while the two companies are joining forces, AliExpress Korea and Gmarket will still operate separately. According to E-Mart’s parent company, Shinsegae Group, the goal is to enhance Gmarket’s services and improve the…

FridayDec 27, 2024 8:00 am

Rumble Stock Dips 11%, Insiders Seem to Have Made a Right Call by Selling Early

Rumble Inc. (NASDAQ: RUM) stock has dropped 11% in value over the past week, leading to a significant market valuation decrease of $255 million. However, company insiders appear to have avoided the pain of this loss by selling their shares earlier at a much higher price. Over the past year, Rumble insiders sold $6.1 million worth of shares at an average price of $6.07 per share. The most notable sale came from Robert Arsov, Rumble’s Lead Independent Director, who sold $711,000 worth of shares at around $7.02 per share. Arsov sold a total of a million shares over the year.…

ThursdayDec 26, 2024 8:00 am

QuantumScape CFO Sells Over 50,000 Company Shares, Triggering Speculation

QuantumScape Corp. (NYSE: QS)’s Chief Financial Officer Kevin Hettrich recently sold over 50,000 shares of the company, generating $281,017.35 in the process. The news has caught the attention of investors and sparked a series of questions about what it might mean for the future of the battery technology leader. Even after this significant sale, Hettrich retains ownership of over one million shares, valued at more than $5 million. While it’s not uncommon for company executives to sell their stock, the size of this transaction and its timing have raised eyebrows. Was this a routine personal decision, or does it hint…

FridayDec 20, 2024 8:00 am

Nio Inc. Sees 4,400 of its New EVs Get Auto Insurance in China in One Week

Nio Inc. (NYSE: NIO), a leading electric vehicle (EV) company in China, saw a strong rise in insurance registrations for its cars last week. Between December 9 and December 15, 2024, 4,400 Nio vehicles were registered for auto insurance. This marks an increase of nearly 19% compared to 3,700 registrations the week before. This boost shows that demand for vehicles from Nio is growing as the company approaches its delivery goals for the year. The company's sub-brand, Onvo, also recorded a notable increase. Onvo had 1,700 insurance registrations last week, an 18.88% rise from the previous week. Nio delivered 20,575…

ThursdayDec 19, 2024 8:00 am

How Nikola Corporation Could Be Impacted by the Trump Presidency

Nikola Corporation (NASDAQ: NKLA), a company that makes hydrogen fuel cell and battery-powered trucks, is at a critical point. The Phoenix-based company has faced challenges in recent years, but things could become even harder if Donald Trump wins the presidency in 2024. Trump’s policies might create a tough environment for green energy businesses like Nikola, raising concerns about its survival. Under President Joe Biden, Nikola and other clean energy companies have received strong support. Policies like the Inflation Reduction Act (IRA) and the EPA Clean Ports Program have provided incentives for businesses to switch to cleaner energy options. These policies…

TuesdayDec 17, 2024 8:00 am

Free Shipping Drives Alibaba’s Taobao to New e-Commerce Highs

Alibaba Group Holding Ltd. (NYSE: BABA)’s Taobao has reached new heights in the global e-commerce landscape, achieving over $20 billion in gross merchandise value (GMV) in its overseas business this year. This remarkable milestone reflects robust year-on-year growth and positions Taobao as a strong competitor among cross-border e-commerce platforms like Shein, Temu, and TikTok Shop. Despite a lower marketing profile, the Chinese online shopping platform’s innovative strategies and localized services have driven its success, particularly through its free shipping initiative. Taobao was launched in 2013 to address the organic demand arising from overseas Chinese nationals who were already acquainted with…

FridayDec 13, 2024 7:00 am

Lucid Motors Stock Jumps as US EV Tax Credit Rumors Emerge

Lucid Motors (NASDAQ: LCID) stock experienced a significant surge on December 9, 2024, rising by 10% to close at $2.30. The surge came amidst rumors that President-elect Donald Trump might revise his position on U.S. electric vehicle (EV) tax credits. Speculation about policy changes and news of Lucid's Gravity SUV production drove trading activity, with volume reaching 150.3 million shares—nearly double the daily average. There have been market rumors spreading around suggesting that the new President-elect might reverse his earlier stance on eliminating EV tax credits. While American EV manufacturers’ luxury vehicles are priced above the current eligibility limits, this…

ThursdayDec 12, 2024 7:00 am

Why NIO Inc. Stands Out as an Attractive Investment

NIO Inc. (NYSE: NIO), a leading electric vehicle (EV) company, is quickly becoming a favorite among investors. Known for its cutting-edge technology and global ambitions, NIO offers strong potential for long-term growth. Let’s explore why NIO is an attractive investment. NIO, which is headquartered in Shanghai, China, is at the forefront of EV innovation. In 2023, the company introduced a 150 kWh semi-solid-state battery, a breakthrough in the industry. The battery increased the driving range of its cars to an impressive 578 miles per charge, far surpassing the range of standard lithium-ion batteries. Another standout feature is NIO’s battery-swapping technology…

TuesdayDec 10, 2024 8:00 am

Lucid Replaces its European Boss, Starts Producing SUVs

Lucid Motors (NASDAQ: LCID), a well-established electric vehicle (EV) manufacturer from the United States, has recently made notable changes in its leadership team and production plans. First, the company announced the replacement of its European boss Alexander Lutz with Lawrence Hamilton, a seasoned automotive executive. Second, Lucid has officially begun producing its much-anticipated Gravity electric SUV on a full scale. These updates represent important steps for Lucid as it continues to navigate the competitive electric vehicle market. The most recent change at Lucid Motors is the replacement of Alexander Lutz as the Managing Director of Lucid Motors Europe. Lutz, who…

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