VinFast (VFS) soars 78% ahead of Nasdaq debut

VinFast (VFS) down two sessions in a row following blockbuster debut

August 17, 2023 10:46 AM EDT

Shares of VinFast (NASDAQ: VFS) are down more than 13% in early trading Thursday morning. Leading towards what looks like a second straight session of losses after the Vietnamese automakers meteoric rise in its Nasdaq debut this week.

Shares of the company fell 19% Wednesday as... More

VinFast Auto and Black Spade Acquisition (BSAQ) Complete Business Combination

August 15, 2023 1:58 AM EDT

VinFast Auto Ltd. ("VinFast") and Black Spade Acquisition Co (NYSE: BSAQ) today announced the completion of their previously announced business combination (the "Business Combination"). The listed company following the Business Combination is VinFast Auto Ltd., and its shares and warrants will commence trading on the Nasdaq Stock Market LLC ("Nasdaq") under the ticker symbols "VFS" and "VFSWW," respectively, on August 15, 2023.

The announcement of the completion of the Business Combination comes after Black Spade's shareholders voted to approve the transaction on August 10, 2023. As a result of the Business Combination, Black... More

Stock market today: Dow ends higher as Nvidia leads tech rally on dip-buying fever

August 14, 2023 4:19 PM EDT

Investing.com -- The Dow closed higher Monday, as weakness in banks was offset by renewed demand for tech amid a surge in Nvidia (NASDAQ: NVDA) ahead of a slew of incoming economic data set to provide further insight on the consumer.

The Dow Jones Industrial Average rose 0.1%, or 26 points, Nasdaq rose 1%, and the S&P 500 was 0.6% higher.

Nvidia leads dip-buying rally in tech

The recent dip in tech attracted dip buyers, particularly in semiconductor stocks, with Nvidia soaring more than 7% after Morgan Stanley said the... More

S&P 500 climbs as Nvidia rally pushes tech higher

August 14, 2023 2:47 PM EDT

Investing.com -- The S&P 500 rose Monday, as investors piled back into chip stocks including Nvidia (NASDAQ: NVDA) pushing tech higher following recent weakness ahead of a slew of incoming data set to provide further insight on the consumer.

The S&P 500 was 0.3% higher, the Dow Jones Industrial Average fell 0.1%, or 29 points, Nasdaq rose 0.7%.

Nvidia leads dip-buying rally in tech

The recent dip in tech attracted dip buyers, particularly in semiconductor stocks, with Nvidia soaring more than 6% after Morgan Stanley said the recent dip in the... More

Tesla, Nikola and AMC fall premarket; Okta, U.S. Steel rise

August 14, 2023 8:11 AM EDT

Investing.com -- U.S. futures traded higher Monday, with investors awaiting more earnings, this time from the crucial retail sector.

Here are some of the biggest premarket U.S. stock movers today:

Tesla (NASDAQ: TSLA) stock fell 2.4% after the... More

Nikola shares fall after battery fires lead to electric truck recall

August 14, 2023 8:05 AM EDT

Investing.com -- Shares in Nikola (NASDAQ: NKLA) shed just under a sixth of their value in premarket U.S. trading on Monday after the group announced a sweeping recall of 209 of its battery-powered electric trucks following recent fires.

In a statement late on Friday, Nikola said a preliminary outside investigation found that a coolant leak inside a single battery pack... More

Nikola (NKLA) Reports Prelim Results of Battery Investigations, Voluntarily Recalls 209 Class 8 Battery-Electric Trucks

August 14, 2023 5:30 AM EDT

The safety of customers, dealers and team members are Nikola's top priority. Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the... More

Vinfast to list in on Nasdaq next week as 'VFS'

August 11, 2023 2:54 PM EDT

Special Acquisitions Company, Black Spade (NYSE: BSAQ) voted Thursday to merge with electric automaker, VinFast, allowing the Vietnamese company to list on the Nasdaq platform in the US.

In a joint statement with Black Spade, the automaker revealed that it would list on the Nasdaq and begin trading under the ticker symbol VFS "on or around... More

Exane BNP Paribas Downgrades Lucid Group Inc. (LCID) to Underperform

August 11, 2023 4:01 AM EDT

Exane BNP Paribas analyst James Picariello downgraded Lucid Group Inc. (NASDAQ: LCID) from Neutral to Underperform with a price target of $5.00 (from $6.50).

For an analyst ratings summary and ratings history on Lucid Group Inc.... More