Tesla just had its roughest quarter in at least a decade, but some analysts and investors are still dreaming big. Elon Musk’s carmaker said on Wednesday that revenues plunged 12% year-over-year to $22.5 billion in the second quarter. Tesla’s stock fell as much as 9% in early trading on Thursday morning on the disappointing earnings,…
The UK accounting regulator has launched an investigation into Deloitte over its auditing of Glencore, following a corruption scandal at the FTSE 100 mining and commodities trading group. The Financial Reporting Council (FRC) said on Wednesday it was probing whether Deloitte “gave sufficient consideration to the risk of noncompliance with laws and regulations” when it…
Mike Wilson sees the S&P 500 hitting 6,500 by year-end, but the path to new all-time highs will be choppy. Morgan Stanley’s chief investment officer told Bloomberg TV on Thursday that he expects tariff volatility to ramp up in the third quarter, potentially sparking pullbacks of 5% to 10%. Investors shouldn’t be worried, though. Wilson thinks any…
When Steve Huynh was a principal engineer at Amazon, meetings began with a “study hall.” Amazon had a “reading culture” even among engineers, Huynh recently told the Pragmatic Engineer podcast, speaking of his time at the tech giant. Employees frequently drafted six-page memos, he said, which they shared with the company to update progress and…
Berkshire Hathaway’s investors may be looking at the stock and wondering if the “Buffett premium” is real — and disappearing before their eyes. The “premium” refers to the long-standing view that Berkshire stock trades at a premium because of Warren Buffett’s legendary stock-picking skills, dealmaking prowess, and shrewd management, which saw him transform a failing…
Orlando could be the next target for a business venture from Elon Musk.This one involves building tunnels.Musk has already made a name for himself on the Space Coast with SpaceX.But another one of his businesses could change the way we get around I-Drive.Location Universal Epic Universe opened in May, and to handle some of the…
2025-07-11T15:02:23Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Nvidia became the first $4 trillion company…
Wall Street added to its recent milestones Thursday as the market closed at an all-time high after Delta Air Lines kicked off earnings season with a solid outlook for the rest of 2025, spurring an airline stock rally. The S&P 500 rose 17.20 points, or 0.3%, to 6,280.46, inching past the record it set last…
Linda Yaccarino is done cleaning up after Elon Musk. When she joined the platform formerly known as Twitter in June 2023, investors and ad industry professionals heralded her as a potential savior. The Madison Avenue veteran was tasked with turning around the platform’s ad business, which foundered when Elon Musk purchased the company then known as…
Nvidia’s rise since the debut of ChatGPT in November 2022 has been stunning. Shares of the chipmaker—known mostly for gaming hardware prior to the AI boom—embarked on a dizzying rally since AI burst into public consciousness and sparked a frenzy for the tech among Wall Street investors. The stock has risen more than eightfold over…