Tech Stocks Inch Higher Ahead Of Key Inflation Data, GameStop Skyrockets, Tencent Fuels China Rally: What’s Driving Markets Monday?
Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days. The S&P 500 remained stable, hovering around Friday’s closing levels and not far from record highs. The Nasdaq 100 rose 0.2%, poised for its third consecutive session […]
Google’s New Rival May Finally Be Here — Sam Altman’s OpenAI Could Launch It Just Ahead Of Search Giant’s I/O Conference
ChatGPT parent OpenAI is reportedly set to announce its AI-powered search product on Monday, potentially intensifying its rivalry with Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google. What Happened: The announcement, which is subject to change, has not been previously disclosed. It might coincide with the day preceding Google’s annual I/O conference, scheduled to commence on Tuesday, during which the […]
What’s Going On With G1 Therapeutics Stock?
G1 Therapeutics, Inc. (NASDAQ:GTHX) shares are trading higher Thursday amid M&A blog speculation of a takeover offer. What To Know: According to a report from Seeking Alpha, G1 Therapeutics has received and rejected multiple offers from TerSera Therapeutics. According to the report, one offer from TerSera is rumored to have a contingent value right which […]
What’s With Thousands Of Teslas Piling Up At A German Airfield? Satellite Images Hint At Intense Inventory Pressure For EV Giant
Tesla Inc (NASDAQ:TSLA) is likely facing a severe inventory pile-up in Europe, underscoring the intense slowdown in the EV industry, according to satellite images available publicly. What Happened: Google Earth satellite images, first posted on Reddit, show numerous Teslas parked at the Neuhardenberg airfield, probably unsold from the company’s Berlin Gigafactory (its only European plant). The Neuhardenberg airfield is located […]
Tesla Robotaxis Hitting China’s Streets Soon? EV Giant Reportedly Welcomed To Do Some Trials But No Full FSD Rollout Yet
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk reportedly proposed testing its full self-driving (FSD) driver assistance software on roads in China by deploying them in robotaxis during his recent visit to the country. And he seems to have found favor with the authorities, albeit in limited measure. What Happened: The Chinese government told the billionaire CEO […]
Tesla Semi Scores Another S&P 500 Name After Pepsi And Walmart? Video Shows Big-Box Retailer Using EV Giant’s Heavy Truck
Tesla Inc.‘s (NASDAQ:TSLA) Semi trucks are gaining traction with major customers, even though mass production hasn’t begun. The company reportedly has secured its third significant client from the S&P 500. Costco Joins the Roster? On Monday, Tesla investor and influencer Sawyer Merritt shared a post on Twitter featuring a video of a Tesla Semi emblazoned with the Costco Wholesale Corp. (NASDAQ:COST) logo […]
Is Apple Back In The EV Game? Tech Giant Reportedly Eyes Rivian Partnership
After ditching its electric-vehicle plans, Apple, Inc. (NASDAQ:AAPL) could be rekindling interest in the segment, if rumors are anything to go by. A report said late Monday that Cupertino was in talks to forge a partnership with Rivian Automotive, Inc. (NASDAQ:RIVN). What Happened: Apple is “assessing the possibility of teaming up with a certain U.S. […]
The Biggest Investors Are Selling Stocks Right Now, Yet S&P 500 Notches Best 3-Day Streak In 7 Months – Should You Buy?
Major U.S. pension funds are making noticeable shifts in their investment allocations, moving away from equities and increasing their stakes in private equity and real estate. Notable among these is the California Public Employees’ Retirement System (CalPERS), which manages pension and health benefits for over 1.5 million California public employees, retirees, and their families. In […]
Giga Pause: Elon Musk’s Tesla Reportedly Backs Down On Ambitious EV Manufacturing Technique Amid Hardcore Cost-Cutting Drive
Tesla Inc. (NASDAQ:TSLA) has reportedly abandoned its pioneering manufacturing process, indicating a shift in strategy for the EV behemoth as it grapples with falling sales and mounting competition. What Happened: Tesla has stepped back from its ambitious gigacasting plan, Reuters reported, citing two sources familiar with the matter. The company’s objective was to streamline manufacturing and cut […]
Giant Leap For Apple? New Leak Of iPhone 16 Lineup Confirms Recent Rumors About Screen Sizes And Camera Bump
Frequent leaker Sonny Dickson on Sunday shared a photo revealing the screen sizes for the upcoming Apple Inc.’s (NASDAQ:AAPL) iPhone 16 lineup, along with details about the camera bump. What Happened: Dickson took to X, formerly Twitter, and shared an image, which appears to showcase the dummy models of the upcoming iPhone series, reiterating rumors about gigantic […]