Tesla, Inc. is a leading electric vehicle manufacturer that designs, produces, and sells a range of electric cars and energy products. The company is known for its innovative approach to sustainable transportation, producing models that are not only environmentally friendly but also equipped with cutting-edge technology and high-performance features. In addition to its automotive division, Tesla also focuses on renewable energy solutions, including solar energy products and energy storage systems, aimed at accelerating the world’s transition to sustainable energy. Through its global presence and dedicated infrastructure, such as an extensive network of charging stations, Tesla seeks to revolutionize the automotive industry and promote a greener future. Read More
Remarks by the Federal Reserve chair sparked a rally in stocks, but upcoming data as the market enters a historically weak month could mean more downside ahead
Tesla board member Kimbal Musk defended CEO Elon Musk's newly approved $29 billion compensation package, saying his brother "deserves to be paid" after years without a salary, even as the deal faces regulatory scrutiny, legal challenges, and investor debate.
The financial markets are abuzz with intensified expectations for a September interest rate cut by the Federal Reserve. This anticipation has triggered a significant reaction in the bond market, most notably a sharp tumble in Treasury yields and a broad weakening of the U.S. dollar. This immediate market response
The financial markets are abuzz with anticipation as the prospect of lower interest rates looms large. This potential shift in monetary policy is sending ripples across various sectors, with solar, housing, travel, and technology giants emerging as prime beneficiaries. The expectation of cheaper borrowing costs is igniting investor confidence, promising
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 6.1% in the afternoon session after dovish comments from Federal Reserve Chair Jerome Powell sparked a broad market rally, boosting investor sentiment for risk assets. Powell's remarks at the Jackson Hole Symposium were interpreted by traders as hinting at a potential interest rate cut, which is often seen as a positive for stocks. The news lifted risk assets and sparked a broad market rally, with large technology companies seeing significant gains.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 7% in the afternoon session after Federal Reserve Chair Jerome Powell hinted at a potential interest rate cut, which boosted investor appetite for riskier assets like cryptocurrencies. The positive turn in sentiment came after Federal Reserve Chair Jerome Powell's speech in Jackson Hole, where he hinted at the possibility of an interest rate cut as soon as next month.
Shares of digital financial services company SoFi Technologies (NASDAQ:SOFI) jumped 7.4% in the afternoon session after Federal Reserve Chair Jerome Powell's dovish remarks signaled that interest rate cuts may be warranted. Federal Reserve Chair Jerome Powell struck a notably dovish tone, signaling that interest rate cuts may be warranted if the economic slowdown deepens. This pivot is significant for high-growth companies like SoFi, which are sensitive to interest rate expectations. Lower rates reduce the discounting effect on future earnings and decrease borrowing costs, bolstering valuations for growth stocks.
The favorable macro environment comes as SoFi has demonstrated strong underlying performance. The company's stock has already risen significantly this year, supported by factors including a robust second-quarter performance and impressive growth in its lending platform. Following its recent results, Mizuho raised its price target for SoFi to $26, and Needham increased its target to $25, maintaining a Buy rating.
Shares of customer engagement platform Braze (NASDAQ:BRZE) jumped 3.9% in the afternoon session after the broader market rallied as Federal Reserve Chair Jerome Powell indicated that interest rates could be cut. Powell's comments, delivered at the Jackson Hole Economic Policy Symposium, indicated that the central bank might adjust its policy due to a "shifting balance of risks" to employment and inflation. He noted that economic growth has slowed and the labor market is weaker than previously thought. This signal that the Federal Reserve could begin cutting interest rates, after holding them steady throughout 2025, sparked a significant relief rally across the stock market. Tech stocks were particularly strong, with major indices like the S&P 500 and Nasdaq Composite jumping significantly on the news.
Shares of digital advertising platform The Trade Desk (NASDAQ:TTD) jumped 3.2% in the morning session after Federal Reserve Chair Jerome Powell indicated potential interest rate cuts could be coming. The broader market, particularly the tech sector, surged after Federal Reserve Chair Jerome Powell indicated that interest rate cuts could be on the horizon. The tech-heavy Nasdaq Composite jumped 1.9% on the news, lifting growth-sensitive stocks like The Trade Desk.
Shares of digital ad verification company DoubleVerify (NYSE:DV) jumped 3.2% in the afternoon session after the broader market rallied as Federal Reserve Chair Jerome Powell signaled that interest rate cuts could be on the horizon. The positive sentiment swept through Wall Street, with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq all jumping significantly. Powell's indication that the central bank might consider cutting rates provided a huge sense of relief for investors, fueling a widespread rally. Adding to the positive momentum for DoubleVerify, analysts at Craig Hallum reiterated their 'Buy' rating on the stock. This combination of a strong market tailwind and company-specific positive analyst sentiment helped lift the shares.
Shares of mobile app technology company AppLovin (NASDAQ:APP) jumped 5.1% in the afternoon session after the company's shares rose amid a broad market rally sparked by dovish comments from the Federal Reserve, with the move also supported by a price target increase from Wells Fargo. The positive momentum was supported by an analyst action from the previous day. Wells Fargo analyst Alec Brondolo maintained an "Overweight" rating on AppLovin's stock while increasing the price target to $491 from $480. The analyst's raised revenue estimates for 2026 and 2027 are reportedly due to rising web traffic to AppLovin's customer sites and the company attracting larger clients. This company-specific optimism was amplified by a broad market rally after Federal Reserve Chair Powell's remarks that "downside risks to employment are rising," which investors interpreted as a dovish shift, boosting equities across the board.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Shares of digital advertising platform Magnite (NASDAQ:MGNI) jumped 5.5% in the afternoon session after the broad market rallied as Federal Reserve Chair Jerome Powell signaled that interest rate cuts could be coming. The broader market surged after Federal Reserve Chair Jerome Powell indicated that interest rate cuts could be on the horizon. During his speech at the Jackson Hole Economic Policy Symposium, Powell noted that the "shifting balance of risks" to the economy might justify adjusting the Fed's policy stance. This news was welcomed by investors, sparking a significant rally across major indexes like the Dow, S&P 500, and Nasdaq.
Shares of medical professional network Doximity (NYSE:DOCS) jumped 5.1% in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. The broader market experienced a significant upswing after the head of the U.S. Federal Reserve suggested that interest rate cuts, which investors have been anticipating, might be on the horizon. This positive sentiment lifted major indices, with the S&P 500 jumping 1.4% and the Dow Jones Industrial Average soaring over 700 points. Doximity's stock appears to be rising in line with this widespread market optimism, as investors reacted favorably to the potential for a more accommodating monetary policy.
The newly received patent provides protection at least until the year 2043, covering key claims related to the ART500 device’s functionality, design, and clinical applications.