White House freezes $3 trillion in federal funding, sparking legal and political showdown. Industries like education, healthcare, and clean energy at risk.
Trump's first day in office saw executive orders on immigration and energy, withdrawal from global agreements, and tariff threats. Market reactions varied.
EVgo reported 92% year-on-year sales growth to $67.5 million, beating estimates. Network throughput grew 111% and customer accounts reached 1.2 million. Adjusted gross profit and margin improved, while adjusted EBITDA loss and EPS beat estimates. The company revised its FY24 revenue guidance.
XPeng will showcase its latest technologies and solutions at Paris Motor Show 2024, highlighting its vision for AI-driven driving experiences in Europe.
Xpeng Aeroht, the flying car division of Xpeng, reportedly received over 1,000 pre-orders for its modular flying car, despite official pre-sales not having started yet.
ChargePoint shares surge as the company expands to over one million EV charging stations, facilitating over 10 billion electric miles, amidst rising demand in the EV market.
ChargePoint announces key leadership appointments. Mansi Khetani has been appointed Chief Financial Officer, effective July 9, 2024. Khetani has been with ChargePoint since 2018, previously leading Financial Planning and Analysis efforts before becoming interim CFO in November 2023.
Enovix to supply silicon batteries for mixed reality headsets, with initial payment for tooling and future payments for sample and production quantities. Company's high-performance batteries use active silicon anode, targeting smartphone and IoT markets.
The increase in investments in clean energy highlights the growing commitment of global economies to combat climate change. With expectations for continued growth, investing in clean energy ETFs becomes increasingly attractive.
The Federal Reserve's comments and the release of the minutes sent interest rates up and stocks down as the market was hit especially hard on Thursday, giving up any gains made earlier in the week.
Wall Street experienced a muted session on Wednesday morning as traders adopted a cautious stance ahead of the Federal Reserve meeting minutes release at 2 p.m. EDT and Nvidia Corp.
