Tesla is cutting production and raising prices in China, facing competition and potential delivery miss
From Investor’s Business Daily: Tesla is reducing production at its Shanghai factory amidst slowing EV demand in China. The company
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Investors are exploring Web3 concept with Nvidia, Coinbase, and Unity Software as top picks.
From Nasdaq: Investors are exploring Web3, a concept that combines decentralization, artificial intelligence, machine learning, and cryptocurrency. This new iteration
Consensys invests $4M in Entangle, supporting omnichain messaging and liquidity development.
From Investing.com: Web3 infrastructure provider Entangle secures strategic investment from Consensys, totaling $4M funding. Recent private round attracted VCs like
Extended reality market set to grow significantly with major players like Apple, Sony, and Google
From GlobeNewswire: The extended reality market is projected to reach USD 111.5 billion by 2028, with a CAGR of 22.7%
US growth expected to slow slightly in Q1, but job market remains stable
From Investing.com: The US economy is forecasted to show a 2.0% growth rate in the first quarter, indicating a slight
Bombardier announces cash tender offer for up to $400 million of outstanding notes.
From GlobeNewswire: Bombardier Inc. annonce une offre publique de rachat de ses billets en circulation jusqu’à concurrence de 400 millions
Bombardier initiates Tender Offer to purchase outstanding Notes
From GlobeNewswire: Bombardier Inc. has initiated a Tender Offer to purchase up to US$400,000,000 of its outstanding Notes. The Tender
Satya Nadella praises Inflection AI cofounder to lead Microsoft's AI push
From Business Insider: Satya Nadella’s remarks praising Inflection AI’s cofounder to lead Microsoft’s AI push are gaining praise. After OpenAI
Equity markets rally on Wall Street, dollar rebounds, central banks hint at rate cuts.
From Investing.com: Equity markets rally on Wall Street, lifted by expectations of summer rate cuts. Dollar surprises with rebound due
Reddit's stock surges after IPO, faces competition but investors intrigued by diversification plans.
From Morningstar: Shares of Reddit surged in their market debut, opening at $47 and closing at $50.44, a 48% jump
Central banks' decisions cause wild swings in EUR/USD, downside bias taking hold
From Investing.com: Key central banks’ decisions have influenced financial markets this week. The Bank of Japan raised rates for the
MetaWin sets new transparency standard in online gaming with maximum win guarantee and RTP access.
From Investing.com: MetaWin is setting a new standard for transparency in online gaming by offering a maximum win guarantee and
Immigration boosting U.S. economy, leading to increased GDP and strong labor market.
From CNBC: Influx of immigration boosts U.S. economy, according to JPMorgan’s Joyce Chang. Federal Reserve raises U.S. GDP growth projection
US Department of Justice sues Apple for anti-trust violations, but Morningstar maintains positive outlook
From Morningstar: The US Department of Justice is suing Apple for anti-trust violations, claiming Apple’s business practices unfairly stifle market
Chinese automaker BYD's success with affordable electric vehicles sparks concerns about Chinese competition globally.
From CNBC: The Chinese automaker BYD is causing a stir with its all-electric Seagull hatchback, priced under $10,000. With profitability
Phoenix Group exceeded City expectations, with strong cash generation and new business, pushing shares up 8%.
From Morningstar.: Phoenix Group shares surged 8.5% to 533.4p as annual results surpassed City expectations, with total cash generation at
Billionaires adding Bitcoin to portfolios could lead to significant price gains
From Nasdaq MarketSite: Billionaires are now adding Bitcoin to their portfolios in growing numbers, including Michael Saylor and Larry Fink.
Microsoft's AI growth driving revenue growth, potential for significant returns in the long term
From Nasdaq: Microsoft (NASDAQ: MSFT) went public in 1986 at a valuation of $777 million, now valued at $3.1 trillion.
Active managers struggle to beat passive funds overall, but excel in global equity income and fixed income
From Morningstar: Monika Calay, director of passive strategies research at Morningstar, discusses the Active/Passive Barometer research. Over the past decade,
Rollie Finance receives funding from Animoca Ventures to enhance AI-powered one-swipe trading platform
From Investing.com: Rollie Finance, the one-swipe AI trading platform, has secured funding from Animoca Ventures and other key investors including
Nvidia dominates AI semiconductor market, Intel falls behind, Elon Musk plans custom AI chips, Apple considers Google.
From Quartz: Nvidia continues to dominate the AI semiconductor market with a 80% market share, while competitor Intel falls behind
Sunlands Technology Group reports Q4 and full year 2023 financial results, showing some declines in Q4.
From GlobeNewswire: Sunlands Technology Group reported unaudited financial results for the fourth quarter and full year ended December 31, 2023.
Investing in AI stocks like AMD and C3.ai expected to reap significant returns
From Nasdaq: 1. The artificial intelligence (AI) market is booming, with spending on generative AI software expected to hit $143
Disney partners with Google and The Trade Desk for real-time ad exchange, Nvidia unveils new AI chip
From ExchangeWire: This week, Disney has partnered with Google and The Trade Desk to expand its Real-Time Ad Exchange, while
Bitcoin price at $66k drops 1.4% due to strong dollar, facing profit-taking.
From Investing.com: Bitcoin price weakened in Asian trade, trading down 1.4% at $66,082.0 due to a strong dollar hitting three-week