FILE PHOTO: A sign is pictured outside a Google office near the company's headquarters in Mountain View, California
Tesla's market value tumbled almost 20% to $638 billion last month, largely due to the impact of rising U.S. interest rates on electric vehicle demand. Additionally, Panasonic Holdings, a key supplier to Tesla, announced a reduction in automotive battery production in Japan for the September quarter, highlighting a global slowdown in EV sales.
Meanwhile, Saudi Arabian Oil Co's market cap slumped nearly 5% to $2.1 trillion, affecting by ongoing conflict in the Middle East and a decline in oil prices.Bank of Nova Scotia stock could be a major bargain in the banking scene right now. The post Canadian Bank Stocks Look Severely Undervalued: Here’s 1 With a 7.6% Yield appeared first on The Motley Fool Canada.
Steve Ballmer joined Microsoft in 1980 as Bill Gates' assistant, became CEO in 2000, and retired in 2014 with a 4% stake that's worth a fortune today.Energy stocks are at their 52-week highs, while the market is bearish because of geopolitical tensions. Should you hold or sell these stocks? The post Why You Might Want to Sell Those Energy Stocks Soon appeared first on The Motley Fool Canada.