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Malaysia’s AI darling NationGate sees shares tumble after it got raided in a scrap metal smuggling probe

Shares of NationGate Holdings, Nvidia’s only manufacturing partner in Southeast Asia, took a beating this week after the company disclosed a raid into one of its subsidiaries by Malaysian authorities. On Tuesday, Nationgate admitted that the Malaysian Anti-Corruption Commission (MACC) raided the premises of NationGate Solution, a wholly-owned subsidiary, as part of an ongoing investigation … Read more

Tesla shares tumble after Trump says DOGE should look at Elon Musk’s subsidies

Elon Musk speaks with U.S. President-elect Donald Trump as they watch the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. Brandon Bell | Getty Images News | Getty Images Shares of Tesla were under pressure on Tuesday after President Donald Trump said in a late … Read more

Cardano, XRP, Solana tumble as Neo Pepe Coin aims to extend major gains this week

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana, Cardano, and XRP tumble as market turmoil drives major altcoins to critical support levels. The cryptocurrency market has recently witnessed significant turbulence, resulting in notable price drops for major altcoins like Solana, Cardano, … Read more

HYPE steadies after sharp pullback from ATH amid market tumble

The broader crypto market faced a sharp jolt earlier today as geopolitical tensions between Israel and Iran triggered a wave of sell-offs. Among the tokens hit was Hyperliquid’s HYPE, which saw a steep intraday decline. However, the token is now showing signs of recovery. Trading at $39.63 at press time, HYPE (HYPE) is gradually rebounding … Read more

Elon Musk predicts a recession due to Trump tariffs, Tesla shares tumble

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Tesla shares tumble as Trump-Musk bromance collapses days after farewell

Key Takeaways Tesla took a hit on Thursday, with shares dropping nearly 9% to below $303 as the Trump-Musk bromance came crashing down. Things looked amicable on May 30 when Trump bid farewell to Elon Musk in a ceremony held in the Oval Office. Share this article Tesla shares (TSLA) dropped nearly 9% to under … Read more

Chanel might hold off dividend payment for 2024 as profits tumble by 30%

Chanel is the latest luxury company to succumb to a sector-wide downturn that has weakened several of its larger French competitors, including LVMH and Kering.  The London-headquartered tweed suit maker saw revenues and operating profits fall 4.3% and 30%, respectively, in 2024—a sharp drop for a company that had weathered the initial shock of the … Read more

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