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Major Wall Street indices closed over 1% lower on Thursday after producers' price index for January rose 0.7% against an estimate of 0.4% while hawkish comments from Federal Reserve officials also added to investor concerns.

Cleveland Fed President Loretta Mester stated the Fed Funds rate should be brought above 5% and kept there for some time while St. Louis Fed President James Bullard has argued the central bank should have been more aggressive.

These five stocks are drawing investors' attention today:

1. Tesla Inc TSLA : Shares of Tesla closed 5.69% lower on Thursday and lost another 1.93% in extended trading. The company will recall over 362,000 U.S. vehicles to update its full self-driving (FSD) Beta software after regulators said on Thursday the driver assistance system did not adequately comply with traffic safety laws and may cause crashes, according to a Reuters report.

Also Read: Everything You Need To Know About Tesla Stock

2. DraftKings Inc DKNG : Shares of the company rose 4.94% in extended trading. DraftKings reported revenue of $855 million for the quarter ended December, registering an increase of 81% compared to $473 million during the same period in 2021. The company said it is raising its fiscal year 2023 revenue guidance to a range of $2.85 billion to $3.05 billion from the range of $2.8 billion to $3.0 billion.

3. DoorDash Inc DASH : Shares of the company closed 5.32% higher on Thursday. The company reported a 40% year-over-year increase in revenue at $1.81 billion, above analyst estimates of $1.77 billion, according to Benzinga Pro. DoorDash reported a loss of $1.65 per share in the fourth quarter, higher than the 68-cent-loss-per share expected by analysts.

4. Moderna Inc MRNA : Shares of Moderna closed 2.8% while it lost another 5.49% in extended trading on Thursday. The company released its interim Phase 3 safety and immunogenicity results for mRNA-1010.

5. Stem Inc STEM : Shares of Stem closed 4.98% lower and lost another 7.6% in extended trading on Thursday. The company reported a net loss of $35 million versus a net loss of $34 million in Q4 2021.

Read Next: Berkshire Hathaways Charlie Munger Calls Cryptocurrency Worthless, Antisocial

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BYD is offering free car insurance on select EVs in new end-of-year sales promo

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BYD is offering free car insurance on select EVs in new end-of-year sales promo

China’s EV leader wants to close the year strong with a new sales promotion. BYD is now offering free car insurance on certain EVs ahead of the upcoming Chinese New Year. Will it be enough to take the global EV sales crown in 2024?

BYD offers free insurance on some EVs to boost sales

With a record 506,804 NEVs (EV and PHEV models) sold in November, BYD has now had two straight months with over 500,000 in vehicle sales.

The EV giant has no plans to slow down. On Thursday, BYD announced its latest “New Year GO New Car” sales promotion on its Weibo page.

From today, December 26, 2024, through January 26, 2025, BYD is offering free car insurance on select PHEVs and EVs in its Ocean and Dynasy lineups. The promo includes several top-selling EVs, including the Dolphin, Seal, and Sea Lion 07.

Through the first 11 months of 2024, BYD sold nearly 3.76 million NEVs, including 1.56 million all-electric models. The promo comes as BYD is in a tight race with Tesla for the global EV sales crown for 2024.

BYD-free-insurance-EVs
BYD is giving free car insurance for select EVs in a new year-end promo (Source: BYD)

Through September, Tesla delivered 1.3 million EVs compared to BYD’s 1.17 million. Since Tesla doesn’t report monthly sales numbers, we will have to wait until the end-of-year numbers come out to determine who will take the EV sales crown in 2024.

BYD-Seagull-cheapest-EV
BYD Seagull (Source: BYD)

The Seagull EV, BYD’s cheapest electric car starting under $10,000, was once again China’s best-selling vehicle last month after topping the Tesla Model Y. BYD sold 56,156 Seagull EVs last month alone in China.

Although the global EV sales race between BYD and Tesla is heating up into the end of the year, the Chinese EV leader is quickly outselling some of the largest global automakers.

BYD sold more vehicles globally than Nissan and Honda in the third quarter, and it is now closing in on Ford.

FTC: We use income earning auto affiliate links. More.

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Sources: DeSean Jackson near deal to coach DSU

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Sources: DeSean Jackson near deal to coach DSU

Former Philadelphia Eagles star wide receiver DeSean Jackson and Delaware State are finalizing an agreement for him to become the program’s next head coach, sources told ESPN’s Pete Thamel on Thursday.

Jackson did an on-campus interview in recent days, and the sides are expected to come together to complete the deal in the near future. According to a source, it has always been a dream of Jackson’s to coach at a historically Black college or university (HBCU). That dream could be a reality in the near future.

The 38-year-old would replace Lee Hull, who was dismissed earlier this month after two disappointing seasons, including a 1-11 showing this year.

The news was first reported by Victory Formation Media.

Jackson, who officially retired as a member of the Eagles after the 2023 season, made the Pro Bowl in three of his eight seasons with the team. He became the first player in NFL history to earn Pro Bowl honors at two positions — kick returner and wide receiver. He played 15 years overall and had stints with the Los Angeles Rams, Washington, Tampa Bay, Baltimore and Las Vegas, but he is best known for the six-year run in Philadelphia at the start of his pro career.

In 95 career games with the Eagles, he ranks third all time in receiving yards (6,512), sixth in receptions (379) and ninth in receiving touchdowns (35). As a punt returner, he finished second in punt returns (132), third in punt return yards (1,296) and is tied for the team’s all-time lead in punt return touchdowns with four.

Information from The Associated Press was used in this report.

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The future of trust is onchain

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The future of trust is onchain

Onchain reputation could reshape trust in digital interactions.

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