Dow futures were down about 95 points, or 0.2%, on Friday, continuing the rough week for US markets, especially tech. The Dow’s been holding up a bit better than the Nasdaq, which slid nearly 2% as investors started worrying that AI-related stocks might be getting a little too pricey. It’s been a tough stretch overall,
Wall Street indices slipped on Friday as big tech names lost steam, dragging the broader market down. The S&P 500 fell about 0.5%, the Nasdaq dropped 0.8%, and the Dow slid roughly 190 points, or 0.4%, putting all three on track for a down week. Artificial intelligence valuations have become the central concern, with heavyweight
Tesla’s stock dipped on Friday morning, even after shareholders overwhelmingly approved CEO Elon Musk’s record-breaking $1 trillion compensation package. Shares fell 5.04% to $423.40 although they have recovered to $429.44 at the time of writing, still down 3.69%. The market reaction may seem counterintuitive given the resounding vote of confidence in Musk’s leadership. However, analysts
The past week has been one of extraordinary developments across politics, markets, and technology. From a historic mayoral election in New York to a landmark court hearing on US tariff powers, a record-setting Tesla compensation vote, Apple’s AI ambitions, and the longest government shutdown in American history, each story signals significant transitions underway in both
Tesla stock extended its recent slide on Thursday, falling sharply after US United States Consumer Product Safety Commission (USCPSC) said the company should recall around 10,500 Powerwall 2 battery systems. Shares of the electric vehicle maker dropped 6.2% to $403.87 in midday trading, down $26.73, making it the worst-performing stock in the Nasdaq 100, according
A Texas federal court has allowed a major antitrust lawsuit to proceed, targeting Apple Inc. and OpenAI over claims that their partnership may suppress competition in artificial intelligence. The legal challenge, brought by Elon Musk’s X Corp. and xAI, argues that Apple’s decision to embed OpenAI into the iPhone’s operating system gives the chatbot maker