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Bull and our own tesla bear ready to drop the gloves on where the stock is headed next. I had no idea he was bearish on tesla. Im melissa lee coming to you live from studio b at the nasdaq. We start off with Jerome Powells pivotal speech here at the new york economic club. The fed chair hinted hes ready to pause rate hikes for now, saying the committee is proceeding carefully. But at the same time, powell also kept the door open for a move in december and beyond. And he added that while recent inflation data has cooled, still too high. Stocks seem to mostly shrug off the chairmans comments, but they couldnt shake off the move in yields. The tenyear came within a hair, a whisper of 5 late in the day, and that triggered a slide into the close. The dow falling 250 points, while the s p and nasdaq dropped nearly 1 . Are investors turning away from the feds musings and mostly worried about yields, guy . Yields are driving everything. R ....
The day with the s p 500 up 1. 3 , building on the gains from yesterday. Biotech and Technology Stocks bouncing back with ten of the 11 s p sectors trading in positive territory. And lets draw your attention to spotify, up a whopping 16 , highest level since march of 2021 on the back of its earnings beat also, check out jetblue, sinking after reporting worse than expected revenue. On the other hand, aviation engineer making air owe maker ge autos, gm up beating on earnings well take a technical look at that name further ahead. Another name, that would be tesla reporting after the bell that name along with other big tech stocks become the target of short sellers. For that we turn to kate rooney. Hi, kate. Hi, tyler the bears are betting against big techs short sellers and the magnificent seven, weekly profit of 10 billion that was an alltime high during that nasdaq selloff the tech giants mostly report this week and they are the ....
TeamApt has just completed a financing round and brought on board one of the world’s largest fintech specialists, QED Investors. With almost $5 billion in assets under management, QED is a premier VC in the fintech space. They have invested in 27 unicorns over more than 180 portfolio companies across 14 countries. TeamApt is its first investment in Africa. TeamApt operates ....