Latest

Long MSFT: riding the ascending flag channel, eyeing $450 target with strong support at $415

Malaysian stocks soar as economic growth and US tech capital drive resurgence

Malaysia’s stock market, once dismissed as one of the worst performers in Southeast Asia, is making a strong comeback. Boosted by robust post-pandemic economic growth and significant foreign investment, particularly from US tech giants, the Bursa Mal...

This fund manager is selling Microsoft stock over AI concerns: could it impact profit margins?

Artificial intelligence is one of the main reasons many experts remain bullish on Microsoft Corp (NASDAQ: MSFT), despite its year-to-date rally. However, Stephen Yiu of Blue Whale Growth Fund has a different perspective. The Chief Investment Officer...

Tesla bets on ‘black box’ AI for robotaxis: What is it and why it matters for self-driving tech?

Tesla is set to unveil its long-anticipated robotaxi prototype, the “Cybercab,” marking a pivotal moment for the electric vehicle giant’s autonomous driving ambitions. As Elon Musk pushes Tesla deeper into self-driving technology, t...

Trump Media (DJT) stock soars 19%, marks fourth straight day of gains: here’s why

Shares of Trump Media (NASDAQ: DJT), the parent company of Truth Social, surged by 19% on Tuesday, continuing the stock’s upward momentum for the fourth straight day. This marks the longest streak of gains since June, as investors appear to ral...

Dogizen gains traction as Trump leads on Polymarket over Kamala Harris

Republican presidential candidate Donald Trump has widened his lead over Democratic contender Kamala Harris on Polymarket following a high-profile speech with Tesla CEO Elon Musk.  According to Polymarket data, Trump now holds a 50.8% chance of...

EU pushes ahead with tariffs on Chinese EVs despite divided support

The European Commission on Friday announced that it had garnered sufficient backing in a vote among EU members to implement tariffs as high as 45% on imports of electric vehicles manufactured in China, marking the bloc’s most significant trade...

Are European automakers heading into a death spiral?

The European automotive industry, long a global leader in innovation and manufacturing, is now facing an existential crisis.  With electric vehicle (EV) sales in sharp decline, labor strikes spreading, and energy costs surging, the future of car...

Tesla recalls over 27,000 Cybertrucks due to rear-view camera glitch

Tesla Inc. (TSLA.O) has initiated a significant recall of more than 27,000 Cybertrucks in the US due to an issue involving delayed rear-view camera images. This recall addresses a software malfunction that causes a lag in displaying the rear-view cam...

OpenAI raises $6.6 billion in funding, doubles valuation to $157 billion

OpenAI, the artificial intelligence leader behind ChatGPT, has closed a monumental funding round, raising $6.6 billion and achieving a valuation of $157 billion. Earlier this year, OpenAI was valued at $80 billion, up from $29 billion in 2023. This l...

Explained: Why stock buyback programs are on the rise in 2024

In 2024, stock buyback programs have surged, despite the implementation of a 1% tax on these transactions in the US and a sharp rise in stock prices. Corporations are rolling out massive repurchase plans, even as the broader market continues to climb...

Kenya’s Safaricom in talks with Starlink for satellite service partnership

Kenya’s largest telecom firm, Safaricom Plc, is engaging in discussions with Elon Musk’s Starlink and other satellite companies for potential future collaborations, CEO Peter Ndegwa revealed in an interview as reported by Bloomberg. The company aims...

UK competition regulator clears Amazon’s $4 billion investment in Anthropic

Britain’s Competition and Markets Authority (CMA) announced that it will not be investigating Amazon’s $4 billion investment in the artificial intelligence startup, Anthropic. This decision comes after an initial assessment concluded that the partner...

OpenAI’s CTO Mira Murati joins the exit wave: what’s behind the recent departures?

OpenAI’s chief technology officer, Mira Murati, announced her resignation on Wednesday, marking another significant leadership exit as the artificial intelligence powerhouse undergoes substantial organizational changes. Murati, a pivotal figure behin...

AI-driven demand could spark a new global chip shortage, Bain & Company warns

A surge in demand for artificial intelligence (AI) chips and AI-enabled devices could trigger the next global semiconductor shortage, warns consultancy firm Bain & Company. Following the last major shortage during the COVID-19 pandemic, which dis...

Constellation Energy stock soars on landmark power purchase agreement with Microsoft

Shares of Constellation Energy Corp (NASDAQ: CEG) surged in premarket trading this morning following the announcement of its largest-ever power purchase agreement with Microsoft Corp. The Baltimore-based energy giant plans to reactivate its long-dorm...

Are TSLY and NVDY ETFs good alternatives to Tesla, Nvidia stocks?

Tesla (TSLA) and Nvidia (NVDA) stocks have done well in the past few days as American equities bounced back. Tesla has jumped by over 33% from its lowest point in August and is slowly nearing its highest point this year. It has jumped by over 75% fro...

Nikola stock: potential millionaire maker or another Fisker?

Nikola Corp (NASDAQ: NKLA) has investors wondering if it could follow Tesla Inc (NASDAQ: TSLA) in creating substantial wealth or if it’s on a path similar to Fisker Inc, which succumbed to industry pressures and declared bankruptcy in June. TeslaR...

Elon Musk slams Australian government as ‘fascists’ over misinformation laws

The Australian government has come back with an improved legislation, aimed at making companies stop misinformation on their platforms.

Xbox layoffs: Microsoft cuts 650 jobs following $69 billion Activision deal

Microsoft has confirmed a fresh wave of layoffs at its Xbox gaming division, marking the third significant round of job cuts since its $69 billion acquisition of Activision Blizzard. In a memo, Phil Spencer, CEO of Microsoft, has announced the decisi...