Yearly Archives - 2022

Retail earnings support market rally: US lithium stocks struggle across the globe

16 Nov 2022 - Elsewhere, retail stocks also lifted investor sentiment. Walmart shares jumped on a bumper third quarter. The retail giant said that sales were up nearly 9 percent from a year ago, as shoppers flocked to cheaper groceries and other items; shares advanced just over 6.5 per cent. Despite the market rally lithium companies were lower with Lithium America down 3.5 per cent, Albemarle 6.5 per cent lower and Livent falling 6.8 per cent.

Read more...

Behind the market rally, Tesla may be struggling in China

14 Nov 2022 - The gyrations Elon Musk is engaging in at Twitter to save his US$44 billion investment appears to be far more important to stock market sentiment than the continuing implosion of the crypto world. As Elon Musk struggles to contain his growing losses at Twitter, Tesla’s struggles in China are raising questions about the revenue and earnings stability of the EV making giant.

Read more...

Markets fly after CPI data: Crypto industry on the precipice

11 Nov 2022 - Stocks surged after October’s reading of consumer prices raised investor hopes that inflation has peaked.With today’s CPI number coming down, the market is now betting pretty clearly that they think the interest rate rises are coming close to an end. The move in the S&P was the biggest move on a day ever following CPI data

Read more...