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Wedbush analyst Dan Ives thinks Tesla is preparing to shift focus to become a pure technology company.
Founders of Glassnode disclosed that there was an all-time high record of $500 million in Bitcoin getting liquidated.
Investors are showing positive sentiment based on the court ruling as Xiaomi shares are trading at HKD 24.35, up more than 7% at the time of writing.
Rakuten is raising a massive $2.2 billion with its stake to some of the big companies. The company plans to use this capital to expand its delivery network and establish a strong footing in Japan’s rural areas.
Bitcoin has reached a new all-time high of $60,310 this Saturday, finally breaking out of its consolidation zone between levels of $56k-$58k.
The report that alleges the Binance exchange is being investigated came days after the company announced former United States Senator and Ambassador to China Max Baucus will be joining the firm to advise it on policy and government relations.
The massive stimulus bill was passed through Congress without any actual backing from the Republicans.
The weekly jobless claims as per the Labor Department report have dropped to a four-month low since November 2020. The tech and growth stocks continue to rally further with the stimulus boost.
Christie’s auction house noted that 91% of the 33 bidders for the Beeple NFT were new to the platform.
The consumer price index data shows that the inflation surge is in control within expected limits. Also, the falling Treasury yield boosted investor confidence in the market. UBS stays bullish on stocks for the next year.
The $1.9 trillion relief bill is the US’s sixth relief package since the beginning of the coronavirus pandemic. The House first passed it at the end of February, but it had to return to the House after Senate proposed their changes.
Nasdaq Composite rose by 3.69% to 13,073.82, which made Tuesday the best day for the index since November 2020. The S&P 500 climbed by 1.4% to 3,875.44. As for the Dow Jones, it rose by 30.30 points, or 0.1%, to 31,832.74.
In February, Tesla produced 23,632 cars and delivered 18,300 vehicles, which marks an 18% increase from the month before, when it sold 15,484 vehicles locally after exporting an estimated 7,956 cars from Gigafactory Shanghai.
Coinbase’s decision to go public is also an indication of the growing adoption and acceptance of cryptos by the mainstream.
Although one-year Tesla stock figures look good, 5-day, 1-month, and year-to-date movements are currently taking the heat, despite Bitcoin purchases.