China is looking to target U.S. tech companies in order to gain leverage in trade negotiations with U.S. President Donald Trump. What To Know: According to the Wall Street Journal, Chinese officials are building a list of U.S. tech companies that can be probed over antitrust concerns, including Nvidia Corp NVDA and Alphabet Inc GOOG….
Tesla Inc. TSLA faces potential headwinds in the U.S. market as data from Europe shows significant sales declines following electric vehicle subsidy removals, raising concerns about the impact of President Donald Trump‘s planned elimination of the $7,500 EV tax credit. What Happened: Gary Black, managing partner of The Future Fund LLC, highlighted on Monday that…
The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday’s release of November inflation data, a critical report that could influence the Federal Reserve’s decision on a potential interest rate cut next week. Large-cap indices hovered near unchanged levels, while small caps slightly outperformed, with the Russell…
Tesla Inc. TSLA CEO Elon Musk quipped on X that Microsoft Corp. MSFT co-founder Bill Gates could face bankruptcy if Tesla becomes “the world’s most valuable company by far,” escalating their long-running dispute over Gates’ short position in the electric vehicle maker. What Happened: The statement comes as Tesla’s market capitalization stands at $1.251 trillion,…
Stellantis NV STLA’s struggles in 2024 have been nothing short of profound. The company’s stock has plummeted 47% year to date, nearly halving its market value amid a confluence of negative factors, now further compounded by the departure of the CEO Carlos Tavares. Tavares’ unexpected resignation came more than a year ahead of his planned…
Despite widespread anticipation that NVIDIA Corp. NVDA‘s quarterly results would dictate Wall Street’s year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence of its AI darling. While the semiconductor titan beat analyst expectations on both earnings and revenue for the third quarter, Nvidia’s stock remained flat for the week….
The European Union has directed Apple Inc. AAPL to discontinue geo-blocking on its media services. What Happened: The European Commission has identified several geo-blocking practices on Apple’s platforms, including the App Store, Apple Arcade, Music, iTunes Store, Books, and Podcasts. These practices involve restricting content based on a user’s geographical location. The Commission has warned…
Amazon.com Inc. AMZN executive chair Jeff Bezos has sold off a significant chunk of his Amazon shares, according to a filing with the U.S. Securities and Exchange Commission. What Happened: Bezos recently divested 1.07 million shares of Amazon stock at $200.07 per share, raking in approximately $213.8 million. As per the SEC filing on Tuesday, this transaction leaves…
Global leaders Klaus Schwab and Ray Dalio are calling for increased collaboration between public, private, and philanthropic sectors to address climate change funding gaps, citing Bill Gates‘ Breakthrough Energy as a successful model for climate innovation financing. What Happened: In a joint Time magazine opinion piece, World Economic Forum founder Schwab and Bridgewater Associates founder…
Tech billionaire Bill Gates has drawn compelling parallels between the current climate technology revolution and his transition from Microsoft Corp. to global health philanthropy in the early 2000s, marking 2024 as a pivotal year for climate innovation deployment. What Happened: Gates, who founded Breakthrough Energy to accelerate climate solutions, identifies similar patterns between today’s climate…