Powell further lowered expectations of interest rate cuts, and the volatility of the US stock market increased. The S&P 500 and Nasdaq indices fell for three consecutive days, hitting their lowest point in nearly two months, while the Dow Jones index finally stopped falling after six consecutive days of decline. In terms of technology stocks, Tesla and Apple continued to decline, while new chips equipped with AI technology caused AMD and Nvidia to reverse the market.
Furthermore, Morgan Stanley bucked the trend and rose 2.5% after the earnings report was released, while Bank of America plummeted 5% in the intraday period, the biggest decline in more than a year. At the same time, Volkswagen's sales of electric vehicles in the European market have declined significantly. Analysts believe that this trend is related to European governments' reduction in electric vehicle subsidies.
In terms of Federal Reserve policy, Chairman Powell's latest speech has further dampened market expectations for short-term interest rate cuts. He pointed out that since inflation lacks further improvement, it may be appropriate to keep interest rates high. Following this statement, the two-year US Treasury yield and the US dollar index both climbed to recent highs, while the yen continued to fall.
In the commodity market, crude oil prices tried to rebound unsuccessfully and fell for the second day in a row. The price of gold continued to rise, reaching a record high for the fourth day in a row. In the metal market, the price of copper has fallen below the highest level in the past two years, while the price of aluminum has reached a 14-month high. Meanwhile, the price of Bitcoin plummeted by more than $2,000 in one day, falling below the $62,000 mark.
In the Chinese market, the China Securities Index continued to fall, hitting a two-month low, and NIO Auto fell more than 2%. The offshore renminbi is hitting five...

Let’s start with Rivian’s brand. It has best in class electric truck. It’s won plenty of awards for safety and design:
TOP SAFETY PICK+ award
The Rivian R1T Is the 2022 MotorTrend Truck of the Year
Pre orders for their R1T and R1S are above 100K. They’ve delivered about 25,000 cars and there’s been a lot of sightings unlike other EV cars.
Let’s now talk about the stock price. This IPO during the height of 2021 at $78 with a 100B market ca...

The change of leadership in Apple's HR department, I wonder if this is a precursor to layoffs?
News shows that Tim Cook has appointed a new HR director to replace Deidre, who was previously responsible for both retail and human resources, and a new director from a central US medical technology company
By the way, is this going to be about preparing to lay off employees or maybe perfreview to find people temporarily from outside companies to back the pot?

While demand growth has been strong in markets such as the US and Australia, there is still a considerable shortfall in the production of Tesla's Powerwall home energy storage system. As previously reported, it took the company about five years to complete the deployment of the first 100,000 Powerwall systems. But in 2020 alone, the company has deployed more than 100,000 more Powerwalls...