S&P 500 struggles for direction ahead of Friday's jobs report
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- Wall St ends higher as stocks reclaim some shine
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
- Snowflake soars 20% on earnings beat and raised guidance
- Oil settles 1% higher, as US-Iran strikes threaten supplies
- Could Appleās foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
'Patience is wearing thin' as Wedbush cuts estimates on Rivian (RIVN)
October 9, 2023 8:23 AM EDTWedbush reiterated their Outperform rating on Rivian (NASDAQ: RIVN) but cut their 12-month price target on the stock to $25.00 (From $30.00) as the companys robust demand continues to be overshadowed by execution/messaging missteps.
Just this past week, on the heels of a strong 3Q delivery and production report, the electric automaker announced a $1.5... More
U.S. releases new guidance on EV tax credit rebate rules
October 6, 2023 10:26 AM EDTThe U.S. Treasury Department has issued fresh guidelines on Friday, outlining updated regulations that make it simpler for individuals to recover costs associated with electric vehicle purchases using the existing EV tax incentives.
Beginning on January 1, consumers will have the option to transfer these credits directly to a car dealership, effectively reducing the purchase price for the vehicle. This change is expected to potentially boost EV... More

