Jeff Schuster, LMC Automotive President of Americas Operations and Global Vehicle Forecasts, joins Yahoo Finance Live to examine Toyota's production miss due to chip shortages, the supply chain for automakers, challenges when buying cars, Tesla investing in chip suppliers, automotive sales in the U.S. and Asian markets, and the EV space.
It's been about a year since GameStop overtook headlines and the 'meme stock' phenomenon was born. However speculative assets have been under pressure recently amid expectations of a more hawkish Federal Reserve to combat inflation.
Today's been a very volatile one for meme token Dogecoin (CRYPTO: DOGE). In Asian trading hours, Dogecoin fell off a cliff, dropping nearly 5% in the span of just more than an hour, around 3 a.m. ET. Dogecoin has once again gained speculative momentum over the past week, surging on news that Tesla CEO Elon Musk tweeted, once again, about Dogecoin.