Polestar reported weaker-than-expected Q2 revenues due to a 4% drop in deliveries, causing an 8.1% year-over-year revenue decline. The company also lowered its production growth forecast for 2026 to a maximum of 5%, reflecting ongoing delivery and profitability challenges. Despite record H1 deliveries, Polestar continues to face negative gross margins and high free cash flow burn, leading to a 'Sell' rating amid investor skepticism about its financial sustainability.
Representative David J. Taylor of Ohio reported six stock trades, selling biotech and tech shares like Amgen and Microsoft, while buying utilities, semiconductors, and regional bank stocks such as American Electric Power, Broadcom, and Fifth Third Ba...
The FBTC asset is rated as a Tactical Hold for the next one to three months due to mixed market signals. Recent price movements showed weakness but also some recovery amid broader selloffs. Options data reveal declining call interest and stable put i...
Jefferies Financial Group's stock rose as a fund linked to it escalated legal efforts against iron ore trader Radiant World, seeking a freezing injunction in Singapore. The case, involving Radiant World and related entities, follows a UK court's worl...
Bitcoin recently reached around $82,500, approaching a key resistance level at $82,000. Traders see breaking and closing above this level with strong volume as crucial before targeting $88,000 next. While the market shows strength with ongoing Bitcoi...
A Starbucks shift supervisor in San Diego, Joe Emmenegger, is pushing to disband the union at his store after claiming workers, including supervisors, were excluded from key decisions like the recent open-ended Christmas strike. Emmenegger gathered s...
