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October 23 2024

Buy Tesla Now

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Oct 23, 2024,

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October 23 2024

Stock market today: Tech sell-off drags stocks to worst day in 6 weeks

The Daily Editor The Daily

US stocks dropped on Wednesday, dragged by a continued rise in Treasury yields.
Tech shares sold off, with the Nasdaq losing almost 2%.
Bond yields continued to climb as investors reset interest rate expectations.

October 23 2024

Tesla Stock Rises After Earnings Beat Estimates

The Daily Editor The Daily

Tesla’s earnings beat Wall Street’s estimates for the third quarter. Shares are rising in after-hours trading.

The electric vehicle company reported 72 cents a share in earnings, up 9% year over year and better than the 60 cents that analysts expected.

Operating profit margin was 10.8%,

October 23 2024

Tesla's stock zooms 7% higher after profit beat

The Daily Editor The Daily

It’s a bit of a mixed quarter for Tesla, but the stock is up more than 7% in the extended session after the earnings are out.

Tesla earned $2.17 billion, or 62 cents a share, in the third quarter, compared with $1.85 billion, or 53 cents a share,

October 23 2024

Goldman and Apple 'illegally sidestepped' obligations to credit-card customers: CFPB

The Daily Editor The Daily

Goldman Sachs (GS) and Apple (AAPL) have to pay $89.8 million for sidestepping legal obligations to their joint credit card customers, the Consumer Financial Protection Bureau (CFPB) announced Wednesday.

The regulator said Apple failed to send tens of thousands of consumer disputes of Apple Card transactions to Goldman Sachs.

October 23 2024

Apple and Goldman Sachs Fined More Than $89 Million For Apple Card Issues

The Daily Editor The Daily

KEY TAKEAWAYS

The Consumer Financial Protection Bureau (CFPB) fined Apple and Goldman Sachs more than $89 million for mishandling and misleading Apple Card users, causing its customers to pay for unexpected and sometimes potentially fraudulent or unauthorized purchases.
The technology company and investment bank partnered to launch the Apple Card in 2019 despite being aware of technological systems that disrupted the credit card’s dispute system,

October 23 2024

Apple stock falls as confidence in iPhone 16 demand wavers

The Daily Editor The Daily

Apple (AAPL) shares pull back as investors worry about iPhone 16 demand following analyst Ming-Chi Kuo sounding the alarm that orders were cut. Yahoo Finance’s Tech Editor Dan Howley sits down with Market Domination Hosts Julie Hyman and Josh Lipton to break down what investors need to know as the iPhone maker gears up to release Apple Intelligence.

October 23 2024

What Wall Street Is Saying Ahead of Earnings

The Daily Editor The Daily

More than 50 Wall Street analysts cover Tesla stock. Most if not all have an opinion on the coming quarterly report.

Here’s what analysts are saying heading into Tesla’s third-quarter earnings:

“We estimate auto gross margin excluding EV credits falls sequentially from 14.6% to 12.7%,” wrote Wells Fargo analyst Colin Langan in a report.

October 23 2024

Kazakhstan Seeks Permanent Normal Trade Status with U.S.

The Daily Editor The Daily

By Eurasianet – Oct 23, 2024, 2:00 PM CDT

Kazakhstan is seeking permanent normal trade relations (PNTR) status with the United States to boost economic ties.
The Jackson-Vanik amendment, a Cold War-era law, requires annual reviews for Kazakhstan to maintain current trade benefits.

October 23 2024

ETF that holds Big Tech stocks drops sharply

The Daily Editor The Daily

The Roundhill Magnificent Seven ETF was down more than 2% in late-afternoon trading, according to FactSet data, at last check. The ETF holds stocks including Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc., Nvidia Corp., Tesla Inc. and Meta Platforms Inc.

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