New ETF gears up to attract hesitant investors

New ETF gears up to attract hesitant investors

Risk-averse investors have a new option to make safer bets on Tesla. Innovator ETFs launched the Innovator Hedged TSLA Strategy ETF (TSLH) – among other defined outcome products – last month. According to the ETF’s CEO Bruce Bond, it gives investors exposure to the stock while largely steering clear of volatility and valuation risks by … Read more

Elon Musk says Tesla has made over 3 million cars

Elon Musk says Tesla has made over 3 million cars

17 May 2021, Brandenburg, Grünheide: Elon Musk, Tesla CEO, stands on the construction site of the Tesla factory and greets with his hard hat. Picture Alliance | Picture Alliance | Getty Images Tesla has made over three million cars, CEO Elon Musk tweeted on Sunday. Of that total, Tesla’s Shanghai factory has made one million … Read more

George Soros Deals a Big Blow to Tesla Rival Rivian

George Soros Deals a Big Blow to Tesla Rival Rivian

It’s been a somewhat hectic August for Rivian (TORN) . The startup, which is presented as one of Tesla’s (TSLA) most serious rivals in the race for electric vehicles, is currently accumulating setbacks. The electric vehicle manufacturer has just announced mixed earnings for the second quarter. While the company kept unchanged its forecast to produce … Read more

Meteor likely cause of boom heard across Wasatch Front, experts say

Estimated reading time: 2-3 minutes SALT LAKE CITY — The cause of a large boom that was heard across the Wasatch Front on Saturday has not yet been determined, but all signs seem to point to the heavens above. Early reports of a large boom began about 8:32 am on Saturday, resulting in a flurry … Read more

Billionaire George Soros Bets on Musk’s Tesla and Ford

George Soros seems to have picked his winners in the race for electric vehicles. In any case, the emblematic investor is placing his pawns while car manufacturers are fighting with thunderous announcements to occupy this market considered to be the future of the automobile in the medium term at least. Soros, who had so far … Read more

Latino artists in Utah could win up to $900

El Consulado de México en Salt Lake City and Artes de Mexico have merged their art contests to form the LatinArte Nuestras Raíces 2022 contest. (Elena Efimova, Shutterstock) Estimated reading time: Less than a minute SALT LAKE CITY — Latino artists have the opportunity to win up to $900 in this year’s LatinArte competition. The … Read more

Illumina, Rivian, Toast, and More Stock Market Movers Today

Text size Rivian, the maker of electric trucks, maintained its production estimates for the full year. Courtesy Rivian Stock futures rose Friday amid more signs that inflation in the US has been cooling, which could allow the Federal Reserve to be less aggressive in its moves to slow the economy. These are some of the … Read more

Rivian Keeps 2022 Production Guidance Intact. The Stock Is Still Falling.

Electric truck maker Rivian Automotive reported a wider-than-expected quarterly loss, but more importantly maintained its production estimates for the full year. The stock wobbled as investors digested the news. Rivian (ticker: RIVN) reported an adjusted per-share loss of about $1.62 from $364 million in sales for the second quarter. Wall Street was looking for a … Read more

US jobless claims move higher, a ‘cool breeze’ over hot labor market

The numbers: Initial jobless benefit claims rose 14,000 to 262,000 in the week ended Aug. 6, the Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated new claims would rise 4,000 from last week’s initial estimate of 260,000. Key details: The four-week average of claims rose 4,500 to 252,000. The number … Read more

Dow Shoots Higher, Tesla Gains

Text size Traders working at the New York Stock Exchange (Photo courtesy of NYSE) The Dow Jones Industrial Average surged nearly 500 points as investors hope that inflation has peaked. In midday trading, the Dow has risen 494 points, or 1.5%. The S&P 500 was up 2% and the Nasdaq Composite has gained 2.7%. The … Read more