Futures in US main stock indices surged late Sunday following a rally in Wall Street’s tech sector, triggered by robust earnings from Big Tech firms Alphabet Inc. and Microsoft Corp. The S&P 500 Futures climbed
Quick Overview Tesla’s revenue dropped 9% in Q1 2024, hitting $21.30 billion versus the expected $22.15 billion. Optimistic updates include accelerated timelines for new, affordable EVs and a rise in stock by 13%. Strategic shifts
Chinese internet giant ByteDance Ltd. reportedly prefers to shut down its popular video-sharing platform TikTok in the US should it fail to prevent Washington’s ban. Four sources familiar with the matter stated that the Beijing-based
Shares in Meta Platforms Inc. declined in after-market trade on Wednesday as investors focused on the US tech giant’s downbeat outlook for second-quarter revenue despite earnings in the first quarter coming in above expectations. The
US electric vehicle (EV) giant Tesla Inc. is looking to accelerate the release of new, cheaper EV models as it observed a drop in profit margins and sales. The Texas-based carmaker’s Chief Executive Elon Musk
Quick Overview Strategic Shift: Tesla pivots from Model 2 to developing a robotaxi program, redefining it as an AI/robotics company Financial Impact: 2024 sees a significant EPS drop to $2.66, reflecting challenges and adjusted future
At a Glance Lawsuit Filed Against SEC: The NCLA has sued the SEC, challenging the Consolidated Audit Trail (CAT) for allegedly collecting personal data unlawfully Privacy and Legal Concerns: Critics claim the CAT violates the
At a Glance Major Index Gains: S&P 500 surpassed the 5,000 mark, with Nasdaq and Dow Jones also seeing significant rises Tech Earnings Anticipation: Meta, Microsoft, and Alphabet’s upcoming results could influence market sentiments Tesla’s
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