Options Market Statistics: Unusual Options Activity in Block

U.S. stocks moved higher Thursday as investors weighed the future path of interest rates following the Federal Reserve's quarter-point raise.

On Thursday, EV news outlet Electrek, citing people familiar with the matter, reported that Tesla expects its lowest-priced Model 3 sedan will lose eligibility for the full $7,500 tax credit.

LFP batteries -- meaning lithium-iron-phosphate batteries -- cost less, but have less power per unit of volume. The auto industry tends to use them in EVs with a lower per-charge range.

Losing the entire credit, which was passed as part of the Inflation Reduction Act, would be a surprise. The credit depends on many factors, including where batteries and battery materials are sourced, and where battery packs and vehicles are assembled. The Model 3 is assembled in Fremont, California.

Jack Dorsey's fintech company Block Inc is responding to a Thursday short report issued by Hindenburg Research that accuses Block of misleading investors and taking advantage of the people it claims to help.

Shares of Coinbase Global dropped Thursday morning after the company said late yesterday that the Securities and Exchange Commission has informed it of its plan to take enforcement action.

During a recent press event, Netflix announced its plans to release 40 new video games throughout the remainder of 2023.