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Francesca Fontana

👤 Speaker
709 total appearances

Appearances Over Time

Podcast Appearances

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

Well,

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

Exchange operator CME Group increased margin requirements to ensure traders put down more cash on their bets, which CME and its peers typically do after price run-ups in commodities.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

And on Monday, shares of silver specialist Hekla Mining fell 5%, while shares of the gold mining giant Newmont fell 5.6%.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

And on a weekly basis, Hekla ended down 6.6%, while Newmont fell 4.3%.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

So while I spent my holidays here in New York, those of you who traveled by air probably already have a good understanding of why some airline stocks were falling on Monday.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

Just in time for the year-end travel rush, holiday snowstorms across the U.S.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

caused a flurry of cancellations ahead of the new year.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

After a weekend of chaotic travel, on Monday, more than 10,000 U.S.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

flights were delayed, according to flight data specialist FlightAware.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

more than 900 flights within, into, or out of the U.S.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

were canceled.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

And so we saw, for instance, Delta Airlines shares fall 1.9% Monday, while American Airlines also lost 1.9%, and United Airlines fell 2.3%.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

On a weekly basis, Delta lost 2.5%, United ended down 0.9%, and American ended up about 0.3%.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

Finally, Elon Musk's Tesla is having a rough start to the new year, as a Chinese rival took its crown as the world's biggest seller of electric cars.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

On Friday, Tesla reported that its annual deliveries fell 8.6% from the year before to roughly 1.6 million vehicles.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

Chinese auto company BYD, meanwhile, sold 2.26 million electric vehicles.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

It's certainly a reversal of fortunes for these two.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

Tesla was once the leading EV maker, while only a few years ago, BYD's founder worried that the company might not survive.

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

So how'd Tesla's shares do?

WSJ What’s News
What’s News in Markets: Silver’s Slide, Travel Chaos, Tesla Tanks

The stock ended up dropping 2.6% on Friday and notched a weekly loss of 7.8%.