Hundreds of protests at Tesla dealerships and showrooms around the world took place on Saturday, showcasing a brewing global resistance against the company’s CEO, Elon Musk, as he continues to get involved in political affairs. The organizer of the protest, known as “Tesla Takedown,” aimed to target more than 500 Tesla showrooms worldwide. About half…
CoreWeave listed on the Nasdaq Friday amid a shifting narrative and much anticipation. The company priced its IPO at $40 per share. The stock flailed, opening at $39 per share, then falling as much as 6% and ending the day back up at $41.59. The cloud firm, founded in 2017, is the first pure-play AI…
Wall Street’s “Barbarians at the Gate” are slowing down after nearly 25 years of beating the stock market. Earlier this month, investment firm Hamilton Lane issued a report showing that the MSCI World Index, a leading stock market indicator, beat out private equity returns for the first time since the dot-com bubble burst in 2000….
Baby boomers’ hopes of retiring comfortably could be at risk if stocks keep falling. Older Americans could be forced to delay retirement, resume working, or cut back on spending. Retirement gurus shared a range of strategies to preserve their nest eggs. Baby boomers’ dreams of a comfy retirement are in jeopardy as a flagging stock…
GOP senators got a hold of Elon Musk’s cell phone number this week. They don’t want to talk about it. Having a direct line to Musk is a hot commodity in the age of DOGE. Republican senators just got their hands on Elon Musk’s cell phone number, giving them a direct line to the man…
Retail investors have been enamored with Palantir stock since it went public in September 2020. Palantir leadership has eschewed the traditional ways of Wall Street and has embraced its retail investor base. “It’s not cookie-cutter Wall Street, but Palantir’s changing the technology space, and retail understood that,” Dan Ives told BI. For Katherine H., a…
The Magnificent Seven stocks’ dominance may soon fade, warns Glenmede Investment Management. Current market concentration levels mirror those of 1929 and 1999, signaling potential risks. The S&P 500 equal-weight index outperformed post-1999, and it could be primed to do so again. How much longer can the Magnificent Seven stocks continue to dominate the equity market?…
Nvidia stock is trading below a key technical level after this week’s $600 billion rout. The decline comes amid investor concerns over DeepSeek, a new AI model from a Chinese startup. The next catalyst for Nvidia is likely to be its earnings report on February 26. Nvidia stock is on thin ice as it trades…
DeepSeek has sent shockwaves through the technology, financial, and geopolitical spheres. The low-cost Chinese AI chatbot won’t surprise anyone who knows Beijing’s playbook. Chinese has disrupted many industries in similar fashion, including mining and electric vehicles. A Chinese startup’s launch of a ChatGPT rival has startled tech gurus, stunned investors, and stupefied geopolitical commentators. But…
Good morning. The S&P 500 closed at a record high yesterday for the first time since early December, fueled by comments from President Donald Trump calling for lower oil prices and interest rates. The comments were part of Trump’s speech at the World Economic Forum in Davos, which is the focus of today’s newsletter. BI…