Shares of Tesla remained under pressure on Friday, extending a weak run as investors weighed softer delivery expectations, geopolitical risks, and uncertainty surrounding CEO Elon Musk’s long-term strategy. The stock fell 3% on Friday, adding to recent losses that have left it down sharply over the past three months. The electric-vehicle maker is now attempting
Wall Street’s most persistent bull, Tom Lee, is doubling down on a vision of the future that would make even the most seasoned optimist blink. The Fundstrat Global Advisors co-founder, known for his uncanny accuracy during post-pandemic recovery, believes S&P 500 is on a collision course with the 15,000 mark by the end of this
Global markets closed the week on a cautious note, with multiple asset classes reflecting heightened uncertainty. The cryptocurrency market weakened amid a broader risk-off mood, while geopolitical tensions and rising oil prices shaped equity sentiment. At the same time, Elon Musk’s potential plans for a retail-heavy SpaceX IPO drew attention, even as foreign investors accelerated
CrowdStrike Holdings Inc (NASDAQ: CRWD) is inching lower on Mar 27 after partner Anthropic previewed a “breakthrough” AI model with advanced cybersecurity capabilities it’s calling Claude Mythos. Adding to the pressure are reports of Amazon.com Inc, another one of CRWD’s partners, developing a sophisticated artificial intelligence tool to handle sales, business development, and other tasks.
Bitcoin fell to its lowest level in more than three weeks on Friday, as traders turned increasingly defensive following the year’s largest options expiry and a broader risk-off shift across global markets. The world’s largest cryptocurrency dropped as much as 5% to $65,547, slipping below the $66,000 mark and extending recent weakness. The move comes
US stocks fell sharply on Friday, with all three major indexes closing at their lowest levels in more than six months, as escalating tensions in the Middle East and surging oil prices dampened investor sentiment. The Dow Jones Industrial Average dropped 793.47 points, or 1.73%, to 45,166.64, entering correction territory on an intraday basis. The
The Competition and Markets Authority has opened fresh investigations into five firms, including Autotrader and Just Eat, as scrutiny over fake and misleading online reviews intensifies. The move marks an expansion of the regulator’s enforcement push following new legal powers introduced last year. Alongside Autotrader and Just Eat, the CMA is examining Dignity, Feefo, and
US stock futures slipped on Friday amid a rise in oil prices as investors tracked fresh developments in the Middle East. Dow Jones Industrial Average futures fell 91 points, or 0.2%, while S&P 500 futures and Nasdaq 100 futures also dropped 0.2% each. The market sentiment looked cautious even as President Donald Trump decided to
The Australian Securities and Investments Commission said on Friday that an Australian federal court has ordered Binance’s local derivatives unit to pay A$10 million. The penalty, as reported by Reuters, follows findings that the firm misclassified a large share of its clients, exposing them to high-risk crypto products. The penalty follows a lawsuit filed by
SoftBank has secured a $40 billion bridge loan as it sharpens its focus on artificial intelligence and expands its relationship with OpenAI, the company behind ChatGPT. The move signals a renewed push by the Japanese investment giant to position itself at the centre of the fast-growing generative AI market. Led by Masayoshi Son, SoftBank is