Markets wrap down almost 4% this week as inflation and geopolitical concerns continue. Here are some of the most popular stories this week:
TSLA slips on layoffs and slowing growth concerns
- Tesla recalls 3,878 Cybertrucks over accelerator crash risk
- Published Date: 2024-04-19
- Summary: Tesla Inc is recalling 3,878 of its Cybertrucks due to an issue with the accelerator pad, as reported by the US National Highway Traffic Safety Administration. The faulty accelerator pad could increase the risk of a crash.
- TSLA Stock: Tesla’s ‘Moment of Truth’ Is Next Week
- Published Date: 2024-04-19
- Summary: Tesla stock is gearing up for a “moment of truth” next week as analysts await the company’s Q1 2024 - earnings report scheduled for release on Tuesday.
Volatility indices climb
Volatility in global markets, driven by concerns over inflation, interest rates, and geopolitical tensions, has pushed $VIX higher this week. The Israel-Iran conflict put much of the world on high-alert this weekend. Additionally, Powell commented on lingering inflation risks earlier this week. Betting markets now say that only 1 rate cut is likely in 2024, down from the estimated 4 late last year.
Gold continues its run
- Oil, Gold In Focus As Inflation, Tensions Ratchet Up!
- Published Date: 2024-04-19
- Summary: Global investors are showing heightened interest in commodities, including gold, in response to bullish news on geopolitical, inflation, and supply/demand factors affecting oil and precious metals.
- Gold’s climb in a reactive market - Michele Schneider
- Published Date: 2024-04-19
- Summary: Gold prices reached record highs, surpassing $2,400 per ounce, with a fourth consecutive week of increases. After recent highs, gold prices experienced a slight pullback as investors secured profits.