IDRV News and Press, iShares Self-Driving EV and Tech From 11/04/23

2023-11-04 01:40:00 ET Summary Electric vehicles, or EVs, have been hailed as the future of transportation. They promise cleaner air, reduced dependence on fossil fuels, and a seismic shift in how we commute. But as we navigate this high-speed journey towards an electric future, t...

2023-10-31 01:15:00 ET Summary The Commerce Department reported last Thursday that the preliminary estimate for third-quarter GDP growth was an annual pace of 4.9%, due predominately to robust consumer spending. Personal spending last quarter rose at a 4% annual pace, the stronges...

2023-10-23 14:42:00 ET Summary For the week, the S&P 500 was down 2.4%. We are now 7.9% below the 2023 high-water mark, set on July 31. The market entered a Golden Cross configuration (a Golden Cross occurs when the 50-day moving average crosses above the 200-day) on February ...

2023-10-20 20:30:00 ET Summary China has imposed export controls on graphite, a key material used in electric vehicle batteries, in the latest move to control the supply of critical raw materials. Citing national security concerns, Beijing said on Friday it will require special ex...

2023-09-29 08:30:00 ET Summary The latest labor story has been the auto strikes, which could have a considerable impact on GDP and several auto stocks. The United Auto Workers (UAW) Strike began on September 15, 2023, and has continued throughout the end of September after several...

2023-09-29 02:25:00 ET Summary Massively inflated during the pandemic, corporate profits are still not normalizing, and bode well for future investments and economic growth. Corporate profits rose 1.3% from the prior quarter and 6.2% year-over-year, to a seasonally adjusted annual...

2023-09-25 21:35:00 ET Summary The Federal Open Market Committee (FOMC) statement seemed dovish, at first, but then the FOMC signaled that one more Fed rate hike was not only possible, but likely. Crude oil prices have risen 30% since June, as fears of further supply shortages per...

2023-09-25 00:09:00 ET Summary For the week, the S&P 500 was down 2.9%. The best performer last week was Volatility, as investors were willing to pay higher premiums to hedge their downside risk. Transportation and Healthcare stocks held up the best last week, while defens...

2023-09-22 23:00:00 ET Summary Three investment return trends related to the green transition concern me. These apply across all sectors but to automotive in particular. Tesla was the first automaker to recognize that the COVID-19 auto bubble had burst. China is now by far the...

2023-09-20 13:00:00 ET Summary Rising gas prices are accelerating the shift from traditional internal combustion vehicles to EVs - reshaping the auto industry and driving semiconductor demand. According to the U.S. Department of Energy, driving an EV could save as much as 60% on a...