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Tesla (TSLA) once again lowered prices in China on two Model Y car models and offers insurance subsidies to Model 3 buyers. The move shows that competition for electric car prices remains fierce, even amid mounting speculation about the release of Tesla’s revised Model 3. . X The global EV giant announced Sunday that prices … Read more

Michael Perry, who was famous for shorting subprime mortgages before the 2008 financial crisis, closed the majority of his regional banking dealings in the second quarter, filings With the SEC revealed on Monday. Burry Scion Asset Management’s hedge fund divested stakes in Western Alliance (WAL), Huntington Bank (HBAN), PacWest (PACW) and First Republic (FRCB) during … Read more

by Bianca Flowers CHICAGO (Reuters) – The international head of United Steelworkers (USW) said on Monday the union supports North American steel producer Cleveland-Cliffs’ bid to acquire rival United States Steel Corp, adding that the company is the best strategic buyer. Cleveland-Cliffs said Sunday it has offered to buy US Steel in a cash and … Read more

The US stock market showed impressive gains in 2023, and the latest GDP number beat expectations. But according to Rich Dad Poor Dad author Robert Kiyosaki, the picture may not be as rosy as it seems. “Don’t they know that the stock market is going up because Biden raised the debt ceiling? America’s debt is … Read more

Shares of AMC (AMC) were down in early trading Monday, down nearly 40% as investors feared further dilution of their common shares. Over the weekend, a Delaware court approved a merger between AMC and AMC Preferred Stock (APE) that will make all of AMC’s outstanding shares from common stock. In addition, a reverse stock split … Read more