Check out the companies making headlines in premarket trading. Tesla — Shares of the electric vehicle firm gained 3%, extending an after-hours pop from Friday after CEO Elon Musk said the company will unveil its long awaited robotaxi design on Aug. 8. Ulta — The cosmetic stock ticked up 1.3%…

Investment Thesis The investment potential of High Tide (NASDAQ:HITI) lies in its possibility to be a long-term compounder, driven by the strategic allocation of free cash flow toward the expansion of new stores. Thereby realizing more free cash flow to have the funds to open stores at an even higher…

Just as the auto industry was grappling with BYD ‘s rapid rise, Chinese smartphone company Xiaomi has burst into the market — undercutting Tesla and vowing to become a global player. Even as Apple this year scrapped development of an electric, self-driving car , Xiaomi’s founder and CEO Lei Jun…

U.S. Treasury Secretary Janet Yellen told Chinese Premier Li Qiang on Sunday that the ability to have difficult conversations has put the two economic superpowers on “a more stable footing” over the past year.As they began a meeting in Beijing, Li responded that the two countries needed to respect each other and…

Right at the end of 2023, I wrote an article about PIMCO Corporate and Income Opportunity Fund (NYSE:PTY), which is a fixed income biased CEF managed by PIMCO. In the article, I was rather optimistic on PTY’s prospects to register price appreciation in 2024 due to the forthcoming normalization in…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Good…

Tesla will reveal its robotaxi product on Aug. 8, CEO Elon Musk said in a social media post on X.Musk has spoken about the robotaxi project for years, and it could represent a major new business for the carmaker as investors grow wary of the company during a period of…

Uncertainty has been a watchword in the manufacturing space for a while now, and the results at Hurco (NASDAQ:HURC) certainly reflect that. When I last wrote about this small manufacturer of machine tools, I was concerned about an ugly near-term outlook for manufacturing tool demand in North America and Western…

Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market.Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for an increase of 200,000 and higher than the downwardly revised 270,000 gain in February,…

Check out the companies making headlines before the bell. Shockwave Medical — The medical device stock rose 1.6% after Johnson & Johnson announced it would buy the company for $12.5 billion. The transaction would boost J & J’s portfolio of cardiovascular disease treatment devices. Krispy Kreme — Shares of the…