Traditional automaker Ferrari surprisingly came out at the top of auto stocks for 2022, beating out EV companies.
With over 946 theatres and a better liquidity position, AMC anticipates performing better in 2023 than in 2022.
The Tesla stock has fallen 44% in December and more than 59% during the fourth quarter of this year.
The suspension of trading activity is because of a major announcement by Argo blockchain on Wednesday. Earlier this month, Nasdaq suspended trading activity for the Bitcoin miner on rumors of the bankruptcy filing.
Crypto exchange Coinbase plunged to a $32.65 all-time low as the S&P 500 and the Nasdaq Composite also slipped up.
Apple stock has declined approximately 26 percent and 13 percent in the past twelve months and three months respectively.
Notably, the Federal Reserve and European Central Bank (ECB) have noted their intentions to increase interest rates.
Canaccord Genuity cut its Tesla shares price target from $304 to $275 citing “cosmically bad” public sentiment and a “distraught” shareholder base.
It is not clear how long the hiring freeze will last as the company is expanding its factories, which means it needs to bring in more employees.
FedEx said it is important to cut fiscal 2023 costs to align with weaker-than-expected volume.
Concerns that Elon Musk might further dilute his Tesla holdings to fund the Twitter acquisition have put the TSLA stock under a free fall.
The hearing on Tuesday focused on Meta’s acquisition of Within, a VR company that makes a fitness app dubbed Supernatural.
Yesterday, NIKE shares closed the trading session at $103.21, or 0.16% up. After hours, NIKE shares added another 12.77% to reach $116.39. With a market cap of $161.481 billion, NIKE stock is still 38.08% down year-to-date.
Avatar: The Way of Water has brought Disney a revenue of $134 million at the domestic box office during its opening weekend, falling short of analysts’ expectations of $175 million and Disney’s forecast of between $135 million and $150 million.
The ripple effect of the bearish sentiment in the US stock market has also contributed to the encompassing slump in the digital currency ecosystem.