Latest Market News

Oct 04
Micron to invest up to $100 billion to build a ‘megafab’ in Clay, New York

Micron Technology Inc. MU, +5.49% announced Tuesday plans to invest up to $100 billion over the next 20 years to build the U.S.’s largest semiconductor fabrication facility in central New York. The memory chip company’s stock surged 4.4% in morning trading, and has run up 10.0% amid a three-day win streak. Micron said the new […]

Oct 04
Ford September sales fall as drop in trucks offsets near tripling in EVs, but stock jumps over 5%

Ford Motor Co. F, +7.02% said Tuesday that September U.S. vehicles sales fell 8.9% from a year ago to 142,644 vehicles, as a big drop in truck sales offset a near tripling in electric vehicle sales. The auto maker’s stock charged up 5.3% in morning trading, after rallying 2.4% on Monday to bounce off Friday’s […]

Oct 04
California congressmen aim to boost fight against illegal pesticide use for unregulated cannabis grows

California members of Congress Scott Peters, a Democrat, and Doug LaMalfa, a Republican, on Monday introduced a bill called the Targeting and Offsetting Existing Illegal Contaminants (TOXIC) Act to combat use of illegal and toxic pesticides by unregulated cannabis growers in the U.S. The measure would authorize $250 million over five years for the U.S. […]

Oct 04
General Motors names ex-Tesla, Lyft exec Jonathan McNeill to its board

General Motors Corp. GM, +7.27% on Tuesday named entrepreneur, venture capitalist and former Tesla Inc. TSLA, +5.68% and Lyft Inc. LYFT, +6.53% executive Jonathan McNeill to its board. “I am excited to help GM unlock the opportunities enabled by its transformative investments in technology,” McNeill said in a statement. McNeill’s lengthy resume includes serving on […]

Oct 04
Forex Technical Analysis & Forecast for October 2022

EURUSD, “Euro vs US Dollar” As we can see in the daily chart, after reaching the predicted downside target at 0.9554, EURUSD is forming the first ascending structure towards 0.9954. Later, the market may resume trading downwards to reach the key target at 0.9388 and then start a new growth towards 1.0360. GBPUSD, “Great Britain […]

Oct 04
Citi launches ‘positive capital watch’ on JPMorgan Chase

Citi analyst Keith Horowitz on Tuesday launched a “positive catalyst watch” on buy-rated JPMorgan Chase & Co. JPM, +4.35% ahead of the Dow Jones Industrial Average DJIA, +2.57% component’s earning update on Oct. 14. “We believe a 3Q earnings beat on the top line will lead to upward revisions on full-year guidance and imply a […]