The S&P 500 rose Wednesday, lifted by gains in tech shares after a federal court ruling in Alphabet’s antitrust case eased fears over the regulatory outlook for the sector. The S&P 500 climbed 0.4% on Wednesday, while the Nasdaq Composite gained 0.8% as strength in technology shares lifted sentiment. The Dow Jones Industrial Average underperformed, […]
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US President Donald Trump pushed back on speculation that his administration plans to pull federal subsidies from Elon Musk’s companies, saying he wants Musk and all American businesses to “thrive like never before.” The remarks came after growing chatter that Tesla, SpaceX, and other Musk-led ventures could face funding pressure from the government, especially as […]
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In a deepening public feud, Elon Musk has fired back at President Donald Trump’s assertion that his companies will continue to enjoy federal subsidies, with the tech billionaire stating unequivocally that these incentives have already been scrapped. This latest war of words marks a further deterioration in the relationship between the two powerful figures, a […]
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Elon Musk’s off-the-cuff confirmation that Tesla’s long-promised lower-priced electric vehicle will closely resemble a stripped-down Model Y has done little to rekindle excitement around the brand. The remark came during Tesla’s post-earnings call earlier this week, contradicting another executive’s attempt to avoid revealing design specifics. While speculation about a cheaper Model Y has been around […]
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The crypto market remained under pressure on Friday, with most tokens being in the red. Still, some notable tokens like XPIN Network (XPIN), Boundless (ZKC), and Zora (ZORA) rose, adding millions of dollars in value to their market cap. XPIN Network price soared amid ecosystem growth XPIN Network price went parabolic, moving from a low […]
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Bitcoin mining company Bitfarms Ltd. has upsized its convertible note offering to $500 million as it plans to ramp up investment in artificial intelligence and high-performance computing infrastructure. The North American crypto miner initially proposed raising $300 million through convertible senior notes due in 2031, but expanded the offering to $500 million just a day […]
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Bitcoin extended its slide today as markets remained jittery in the face of mounting macroeconomic pressures and aggressive selling by large holders. The total crypto market capitalisation shed more than 5% in just 24 hours, dropping close to the $3.6 trillion mark, its lowest level since August. Sentiment took a sharp hit, with the Crypto […]
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Investors are cheering Unity Software Inc (NYSE: U) this morning after the video game software development firm posted a better-than-expected Q3 and raised its guidance for the full year. The new investors seem excited as the company’s management struck an optimistic tone in the earnings release – citing “meaningful outperformance” and improved cost discipline. Beneath […]
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Bank of America has expressed renewed optimism about Sandisk’s future, maintaining its “buy” rating on the flash memory manufacturer while raising its price target to $230 per share from $125. The revised forecast implies an 18% upside from the company’s last closing price on Tuesday, signaling continued confidence in Sandisk’s growth trajectory despite its already […]
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Tesla stock was in green on Wednesday morning, with investors holding their positions ahead of the company’s highly anticipated annual shareholder meeting scheduled for Thursday. The stock was up over 1.6% at $450.51 in early trading, while the S&P 500 dipped 0.1% and the Dow Jones Industrial Average edged 0.1% higher. Today’s trading follows two […]
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