Tesla (TSLA) is starting to see its business cool off at the same time inflation seems to be moderating for another consecutive month. ARK Invest Founder and CEO Cathie Wood believes the EV maker's recent price cuts have "offset the interest rate hit" from the Fed's monetary policy while still grabbing market share from American auto companies. Oppenheimer Senior Research Analyst Colin Rusch disagrees with some points of Wood's recent comments to Yahoo Finance. "The landscape is changing — I don't see GM and Ford as the primary competition," Rusch explains. "We're looking at VW and Hyundai as the established OEM [original equipment manager] leaders in this space. And then companies like BYD in China is the real competition for Tesla over time." Rusch also comments on slowing EV demand in the United States and what UAW-Big Three labor negotiations mean for Tesla. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. You can see the full interview with ARK Invest's Cathie Wood on Wednesday, November 15 at 9 a.m. ET on Yahoo Finance.
Tesla (TSLA) is starting to see its business cool off at the same time inflation seems to be moderating for another consecutive month. ARK Invest Founder and CEO Cathie Wood believes the EV maker's recent price cuts have "offset the interest rate hit" from the Fed's monetary policy while still grabbing market share from American auto companies.
Oppenheimer Senior Research Analyst Colin Rusch disagrees with some points of Wood's recent comments to Yahoo Finance.
"The landscape is changing — I don't see GM and Ford as the primary competition," Rusch explains. "We're looking at VW and Hyundai as the established OEM [original equipment manager] leaders in this space. And then companies like BYD in China is the real competition for Tesla over time."
Rusch also comments on slowing EV demand in the United States and what UAW-Big Three labor negotiations mean for Tesla.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. You can see the full interview with ARK Invest's Cathie Wood on Wednesday, November 15 at 9 a.m. ET on Yahoo Finance.
Barrons.com
The stock market is getting a jolt from the inflation report. All three major U.S. stock indexes jumped more than 1% Tuesday morning, with the coming close to a 2% gain. With the Federal Reserve’s goal to bring inflation to 2%, Tuesday’s numbers solidify the expectation that the central bank can keep interest rates steady, instead of further increases to cool the economy.
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Reuters
Fidelity launched a group of six new exchange-traded funds (ETFs) Monday and announced sharp reductions on management fees on nearly a third of its total ETF lineup, kicking off what analysts expect to be another strong week for ETF debuts. So far this year, asset managers have launched 419 ETFs, according to Morningstar Direct, taking 2023 a step closer toward breaking the 2021 record of 475 new ETFs. Among them, Ark Invest and 21Shares AG will roll out a group of five actively-managed ETFs tied to bitcoin and ethereum futures as well as blockchain technology on Tuesday and Wednesday.
Barrons.com
Federal Reserve Chairman Jerome Powell may say it’s still too early for him to talk about interest-rate cuts. As Louis-Vincent Gave from Gavekal Research put it in a note Tuesday: “Rate hikes are like tequila shots: one never knows when one’s had enough until one’s had too much.” Goldman Sachs, which has been more optimistic about the economy than most, doesn’t see rates dropping that far—but it still sees them getting below 4%.
SmartAsset
If you're ready to invest $200,000 (or something close to it) with the goal of turning it into $1 million, this article will help you understand your options and focus your investment strategy. If you're not sure what you should do, … Continue reading → The post How to Invest $200K and Turn It Into $1 Million appeared first on SmartAsset Blog.
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