S&P 500 slumps as Fed rate hike fears overshadow earnings-led rally in banks

CEO Tim Cook 'excited' as Apple (AAPL) opens its first store in India

Apple (NASDAQ: AAPL) opened their first store in India on Tuesday, highlighting the importance of the market to the companys future.

Apple CEO Tim Cook has long viewed India as a key market to Apples future and in February he said he was bullish on the worlds fifth-largest economy and the company is putting a significant amount of energy into the market.

The first store, named Apple BKC, is located in Mumbais Bandra Kurla... More

Morgan Stanley cuts price target on Rivian (RIVN) as challenges evolve; reiterates Overweight

Morgan Stanley reiterated an Overweight rating on Rivian Automotive (NASDAQ: RIVN) and cut the price target on the stock to $24.00 (From $26.00) as analyst Adam Jonas believes the electric automakers challenges move from operational to strategic.

Jonas wrote in a note, Rivians challenges move from operational to strategic. The R1 hypertruck delivers serious driving thrills. It also delivers serious gross margin losses. The Georgia plant may be profitable, but Rivian may lack the capital to build and ramp it. Something has to give,... More

Meta Platforms (META) Remains JPMorgan Top Pick, 'our favorite online ad name'

Meta Platforms (NASDAQ: META) Remains JPMorgan Top Pick.

Analyst Doug Anmuth comments "META remains our favorite online ad name, and a top pick overall, and we recently increased our PT to $270. We recognize the next leg for the stock needs to come... More

Evercore ISI on Apple (AAPL): 'Net/Net Apple should have more leverage over Google in future negotiations'

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "ALL YOU NEED TO KNOW: The NYT reported over the weekend that Samsung is considering replacing Google with Bing as the default search engine on their phones. The report is somewhat surprising given Samsung phones run on the Android operating system created by Google, but we think this event should... More

Roth/MKM on Alphabet (GOOGL): 'We estimate Google pays approx. $28-31 to distributors in Traffic Acquisition Costs per year with Apple (AAPL)'

Roth/MKM analyst Rohit Kulkarni reiterated a Buy rating and $126.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "We estimate Google pays approx. $28-31 to distributors in Traffic Acquisition Costs per year with Apple (AAPL, NC) accounting for >$20bn per year, and Samsung likely... More

U.S. treasury announces VW, BMW, Nissan, Rivian and others lose access to tax credits

The U.S. treasury announced Monday that automakers Volkswagen, BMW, Nissan, Rivian (NASDAQ: RIVN), Hyundai and Volvos electric vehicles will lose access to a $7,500 tax credit under the new rules for battery sourcing.

The Treasury also said the new requirements, which go into effective on Tuesday will cut credits for the Tesla Inc (NASDAQ: TSLA) Model 3 Standard Range Rear Wheel Drive by half to $3,750 but that other Tesla models will retain... More

Panasonic considers building EV battery plant in Oklahoma

Tesla (NASDAQ: TSLA) battery supplier, Panasonic said on Sunday that the Japanese company is considering building a battery plant in Oklahoma, its third in the United States.

Panasonic has entered into an agreement with the State of Oklahoma that defines the eligibility... More