S&P

Tesla Inc (NASDAQ:TSLA) offers insurance for its vehicle owners in a select number of states, a move that could offset higher costs from traditional insurance companies on their electric vehicles. A new report says Tesla might be losing money on its insurance division. What Happened: With the...

The stock market has seen a historic two-day drop, but experts are cautioning against panic. What Happened: The crash has erased over $5 trillion in market cap, marking the most devastating week for the market since the early onset of the COVID-19 pandemic in 2020. The Dow Jones Industrial Average...

The ongoing quarterly earnings season is witnessing a long-awaited recovery in companies that were previously overshadowed by the AI boom. What Happened: A shift in profit growth within the S&P 500 Index. The Magnificent Seven, a group of seven large tech companies, have been the primary...

Ratings agency S&P on Wednesday lowered the management and governance score on EV giant Tesla Inc. (NASDAQ:TSLA) from neutral to moderately negative owing to company CEO Elon Musk‘s singly dominant role within the company. What Happened: Musk’s role within the company increases key-...

Grifols SA (NASDAQ:GRFS) shares were down more than 9.1% on Thursday after credit rating agencies Fitch and S&P slashed their ratings for the troubled pharmaceutical company.  What Happened: Grifols shares are among the worst performers in Spain’s blue-chip index.  Fitch cited “...

President Joe Biden has spoken out about the S&P 500’s record high, interpreting it as a positive indicator for the U.S. economy. What Happened: Biden, in a rare comment on the stock market, took to social media platform X to share his views on the S&P 500’s record-breaking...

To gain an edge, this is what you need to know today. S&P 500 At 5000 Please click here for an enlarged version of the chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that S&P 500...

S&P Global Ratings on Monday upgraded Detroit-based legacy automaker Ford Motor Co‘s (NYSE:F) credit rating to investment grade, despite disappointing third quarter results and uncertainty pertaining to recent workers’ union strike. What Happened: The ratings firm raised its long-...

After a surprisingly robust performance this year, U.S. stocks are showing signs of potential danger, with valuation indicators flashing red amidst a deepening bond market rout and the Federal Reserve’s unwavering stance on higher-for-longer rates. As per an analysis by Business Insider, the...

Tom Lee, the Head of Research at FS Insight, predicted the potential growth trajectory of Bitcoin (CRYPTO: BTC) while speaking on CNBC Thursday, stating that the cryptocurrency's network value and inherent scarcity could push its price beyond the $200,000 mark. Lee's comments...

The recent downgrade of the US sovereign credit rating from AAA to AA+ by Fitch Ratings has brought back memories of a similar event occurred exactly 12 years ago. On Aug. 6, 2011, S&P made history by downgrading the U.S. credit rating from AAA to AA+ for the first time since 1941. S&P...

Renowned economist Paul Krugman took to X, formerly known as Twitter, to react to Fitch Ratings downgrading the U.S. Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘AAA’ to ‘AA+’. What Happened: Krugman, a Nobel laureate and Op-Ed columnist for The New York...

S&P Dow Jones Indices announced changes to the S&P/TSX Composite Index, which will take effect on June 19, including the removal of Canopy Growth Corporation (NASDAQ: CGC) from the index, a major market benchmark. This decision by S&P Dow Jones Indices highlights Canopy's...

The S&P 500 index, which is tracked by the SPDR S&P 500 ETF Trust (ARCA: SPY), is up 7.8% year to date, while the Nasdaq 100, tracked by the QQQ Invesco Trust Series 1 (NASDAQ: QQQ) soared 19.9% this year, as AI growth and expectations on Fed rate peaking fuelled the tech...

The publication of the March U.S. inflation rate statistics by the Bureau of Labor Statistics on Wednesday, April 12, is the most anticipated economic event of the week, as investors anxiously await the outcome.   The consensus from Wall Street economists expects annual CPI...