Tesla Stock Tumbles After Underwhelming Robotaxi PresentationTesla Inc. (NASDAQ:TSLA) stock fell by 10% after a less-than-stellar robotaxi reveal event on Friday that failed to wow Wall Street.What Happened: Tesla CEO Elon Musk unveiled the company’s future vision on Friday, which includes two-seater Cybercabs operating without human intervention. Notably, these vehicles are designed without a steering wheel or foot pedals.According to the report by Business Insider, Wall Street was not impressed, especially considering the already operational robotaxi service by Waymo. Analysts drew parallels between the Cybercab demos and a slow, short amusement park ride, criticizing them for their controlled environment.Don’t Miss:The…
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Treasure Global Inc. (NASDAQ:TGL) has entered into two significant agreements, as revealed in a recent SEC filing. On Thursday, the company signed a Share Purchase Agreement with Alumni Capital LP, granting the latter the right to buy up to $6 million of Treasure Global’s common stock. This agreement is active until December 31, 2025, or until the full Commitment Amount is purchased. The Purchase Price under this agreement is set at 95% of the lowest daily VWAP of the common stock five days before each closing of a Purchase Notice. The deal stipulates that Alumni Capital cannot acquire more than…
Taiwan President Lai Ching-te gives a keynote address on national day to mark the 113th birthday of the Republic of China, Taiwan’s formal name, in Taipei, Taiwan October 10, 2024.Ann Wang | ReutersChina’s military launched a new round of war games near Taiwan on Monday, saying it was a warning to the “separatist acts of Taiwan independence forces,” drawing condemnation from the Taipei and U.S. governments.Democratically governed Taiwan, which China views as its own territory, had been on alert for more war games since last week’s national day speech by President Lai Ching-te, an address Beijing condemned after Lai said China had no right to represent Taiwan even as…
On Friday, Truist Securities maintained its Buy rating and $21.00 price target for Perspective Therapeutics Inc (NYSE:CATX) stock. The firm highlighted the recent investor concerns regarding dosing but suggested that the negative reaction to the melanoma data presents an opportunity for buyers. According to their analysis, the market is currently undervaluing the company’s melanoma treatment and pipeline potential. They estimate peak adjusted and unadjusted sales for the melanoma treatment could reach approximately $170 million and $850 million, respectively. The initial data from the melanoma study indicated a potential for a delayed antitumor response at lower doses when used as a…
We recently compiled a list of the 10 Most Profitable NASDAQ Stocks To Invest In. In this article, we are going to take a look at where Fortinet Inc. (NASDAQ:FTNT) stands against the other profitable NASDAQ stocks.Is the Market Sentiment Still Bullish?Recent analysis indicates that an anticipated tech rally may be delayed until year-end, despite the S&P 500 achieving a remarkable 20% increase year-to-date. As September closed, the index rose by 1.6%, defying its historical volatility and showcasing market resilience. Positive macroeconomic indicators are emerging, with upward revisions to Q3 growth estimates and low jobless claims, suggesting a stable economic foundation.However,…
The Rolls-Royce Ghost Series II brings new innovations and luxury to the forefront. Powered by a 6.75L twin-turbo V12 engine, the Ghost II offers a smooth yet powerful ride, living up to the brand’s “magic carpet ride” reputation. What sets it apart, though, is its cutting-edge technology. The transmission uses GPS data to anticipate upcoming turns and hills, adjusting gears accordingly for a seamless driving experience. Combined with the enhanced suspension system, this technology ensures that the ride is not only comfortable but also incredibly responsive. Advanced Engineering and Ride Comfort The Ghost Series II comes equipped with an eight-speed…
The 1969 Mercury Cougar is a beloved classic, especially among muscle car enthusiasts. However, there’s one version of this iconic car that stands out even more the Cougar Eliminator. Combine that with the legendary Boss 302 engine from the Ford Mustang, and you have a truly valuable collector’s item. The Cougar Boss 302 is not just any classic car it’s a high-performance model that blends style, power, and history. For car collectors and enthusiasts, special editions or performance-focused models like the Cougar Boss 302 are always worth keeping an eye on. Over time, cars like this tend to increase in…
By Pratima Desai and Siyi Liu LONDON/SINGAPORE (Reuters) – China is locking in steps to shape the pricing of the vast quantities of industrial metals it produces and consumes, with moves to attract foreign firms to trade on Shanghai’s futures exchange, which would eventually fragment global markets. After buying mining assets around the world over the past two decades to secure metals needed for industrialisation and more recently to meet its carbon emissions targets, China now wants a bigger say in how prices of those metals are determined. But it has lost market share in metals futures trading and needs…
I’m feeling extremely optimistic about India’s future, as every right-thinking person would be. Of course, it’s also a time when most equity investors and analysts are worrying about the markets being too high. Based on what I’ve been writing these past few weeks, I, too, have been guilty of this. However, my point is not that the investors should try to time the market and stop investing, or even sell out. Instead, I worry that investors will lose sight of quality and start buying junk. Yes, the markets appear to be high, but so what?At heart, we equity investors are…
Nassim Taleb, who wrote the book The Black Swan about unpredictable events, is worried about the role of the U.S. dollar in global finance.It stems from Western sanctions that froze Russian assets after Vladimir Putin ordered the invasion of Ukraine in 2022. In an interview on Bloomberg TV on Friday, he called the move a “confiscation” and said it’s one of the top two biggest financial mistakes in the 21st century.”It may make sense from a justice standpoint, but you’ve got to remember, it’s not going to encourage people to invest in the system,” Taleb warned.The dollar remains dominant as…