The Daily

Tesla said on Friday it was recalling nearly 380,000 vehicles in the United States due to a power steering assist failure that could increase steering effort, particularly at low speeds, potentially raising the risk of a crash.

The recall follows a more than one-year-long probe by the National Highway Traffic Safety Administration after some Tesla owners reported steering failures,

 » Read more about: Tesla recalls 380,000 vehicles in US over power steering assist issue  »

Parkside Advisors LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 25.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,464 shares of the iPhone maker’s stock after acquiring an additional 6,169 shares during the quarter.

 » Read more about: Apple Inc. (NASDAQ:AAPL) Shares Purchased by Parkside Advisors LLC  »

Roth MKM analyst Justin Clare lowered the firm’s price target on ReNew Energy Global (RNW) to $7.50 from $8 and keeps a Buy rating on the shares following a Q3 miss. The company cited low wind speeds in India for decreased FY25 guidance. Roth lowered its estimates for ReNew on a “modest” reduction to plant load factor estimates and a reduction in FY26.

 » Read more about: ReNew Energy Global price target lowered to $7.50 from $8 at Roth MKM  »

Aggressive trade wars, government shutdowns, and unexpected disasters can send markets careening to the downside. The short-term damage to investments can be severe. But the key word here is “short.” And therein lies the opportunity for long-term investors like those saving for retirement.

To fully appreciate the phenomenon and why it’s possible for anyone to take advantage of it,

 » Read more about: How To Find Investment Opportunities In The Next Trade War  »

Since SoFi’s CEO began snapping up shares of the student lender, the price has approximately doubled. It’s not entirely a surprise given that SoFi is an all-in-one fintech firm offering personal loans, home mortgages, car loans, credit cards, and digital banking. Over and above the broad array of products it’s grown like a weed on the customer front too.

 » Read more about: Deep Dive, How High Will This New Bank Go?  »

Facepalm: After Nvidia’s RTX 5090 and 5080 faced immediate shortages, consumers hoped that the company’s new mid-range graphics cards would at least stay in stock for more than a millisecond. Unfortunately, the RTX 5070 Ti sold out just as quickly, and reports suggest that the RTX 5070 and 5060 may face similar supply issues.

 » Read more about: Nvidia's RTX 5070 Ti vanishes in seconds as supply woes continue  »

GF Securities led the gains, up 2.1%. Citic Securities and Shenzhen Inovance Technology rose 2.0% each. CATL closed 2.0% higher after signing an MOU with Volkswagen on EV battery R&D. Meanwhile, Haier Smart Home closed 0.8% lower and ENN Natural gas fell 0.8%.

 » Read more about: China Stocks Close Higher Amid DeepSeek AI and Alibaba Hope  »

Prepare for heightened market volatility as February options expiration reduces stabilizing gamma levels. Click for my updated market outlook.

 » Read more about: Volatility May Surge As Options Expiration Unleashes Market Forces  »

Inflation has hit the nation’s homebuilders hard as they face increased costs for supplies and labor. They are dealing with high rates from the Federal Reserve and uncertainty over what’s to come with the Trump administration’s tariff strategy that could increase prices.

 » Read more about: High interest rates and looming tariff hikes have builders bracing for tough times  »

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 » Read more about: Dow Futures Drop 200 Points as UnitedHealth Sinks 8%—Can S&P 500 Rebound Today?  »