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Nasdaq 100 futures were flat this morning after the index lost 1% yesterday following Tesla’s Q3 earnings call, which investors did not like. The stock was down 3% after Elon Musk’s company revealed record revenue but a decline in profitabilty. It was another in a series of earnings calls from tech companies that have disappointed … Read more
Life at the top is proving complex for China’s leading automaker, and there are fresh challenges on the horizon. BYD Co.’s monthly sales have stagnated of late and with the summer months being a traditionally slower time for consumer purchases, that trajectory isn’t expected to reverse any time soon. Discounting is also now being looked … Read more
The U.S. entry into Israel’s war with Iran caused travel disruptions to pile up globally this week — with flight cancellations continuing Tuesday, even after President Donald Trump claimed a ceasefire was “in effect.” Following unprecedented bombings ordered by Trump on three Iranian nuclear and military sites over the weekend, Iran on Monday launched a limited missile attack on U.S. forces at Qatar’s Al Udeid … Read more
Crypto fundraising remained resilient from June 15 to June 21, with 18 projects securing a combined $159.5 million despite broader market volatility. The week was dominated by infrastructure and AI-focused ventures, with EigenLayer leading the pack through a $70 million round backed by a16z crypto—bringing its total funding to $234.5 million. Other notable raises included … Read more
A general view of the partially collapsed buildings damaged by some of the ballistic missiles launched by Iran on June 18, 2025, in Tel Aviv, Israel. Nir Keidar | Anadolu | Getty Images The conflict between Israel and Iran is intensifying, with both countries not backing down from strikes and their leaders continuing to issue … Read more
Traders work on the floor of the New York Stock Exchange on June 3, 2025. NYSE Over the past week, Washington and Beijing have been trading barbs about violating their preliminary trade deal. Aside from that, higher steel and aluminum tariffs announced by U.S. President Donald Trump will kick in Wednesday. Amid all the trade … Read more
Nvidia CEO Jensen Huang arrives to attend the opening ceremony of Siliconware Precision Industries Co. (SPIL)’s Tan Ke Plant site in Taichung, Taiwan Jan. 16, 2025. Ann Wang | Reuters Nvidia’s revenue in 2024 more than doubled compared with a year earlier, beating analysts’ expectations. Moreover, the company expects sales in the current quarter will … Read more
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