Elon Musk’s reliance on Tesla (NASDAQ:TSLA) has become more pronounced than ever, emphasized Morgan Stanley analysts in a note published Monday. As the demand for capital and data in the realm of artificial intelligence (AI) continues to surge, Tesla’s significance within the broader network of companies and ventures led by Elon Musk, often dubbed the […]

  Chinese stock markets have experienced a remarkable rebound over the past two months, with analysts from Goldman Sachs predicting further gains ahead, particularly under specific conditions. Both China’s blue-chip Shanghai Shenzhen CSI 300 index and the broader Shanghai Composite index have surged by approximately 16% to 18% from their multi-year lows reached in late

  Leading European research labs will receive €2.5 billion ($2.72 billion) in funding under the European Chips Act to establish a pilot line for the development and testing of future generations of advanced computer chips, as announced by Belgium’s imec on Wednesday. The European Union’s €43 billion Chips Act, introduced in 2023, aims to bolster

  President Joe Biden’s 2024 campaign faced a setback in April as its fundraising fell behind that of rival Donald Trump for the first time. This shift occurred after Trump intensified his joint efforts with the Republican National Committee (RNC) and headlined several high-dollar fundraisers. According to the Biden campaign, they and the Democratic National

  Oil prices continued their downward trend on Tuesday, as investors anticipated persistent U.S. inflation, which could lead to prolonged higher interest rates, thereby dampening both consumer and industrial demand. Brent crude futures declined by 64 cents, or 0.7%, to $83.07 a barrel by 0845 GMT. Meanwhile, U.S. West Texas Intermediate crude (WTI) slipped by

  Bitcoin saw a significant price surge on Tuesday, following a rally in Ether, as reports suggested progress towards the approval of spot-Ether exchange-traded funds (ETFs) for U.S. markets. The world’s largest cryptocurrency experienced a 5.8% increase over the past 24 hours, reaching $70,987.1 by 01:08 ET (05:08 GMT). However, Ether, the second-largest token globally,

  Options markets in the U.S. indicate that traders are anticipating a significant movement in Nvidia’s shares following the chipmaker’s earnings report on Wednesday. However, expectations for volatility are not as high as they have been in the past. According to data from options analytics firm Trade Alert, Nvidia’s options suggest an 8.7% swing in

  Stocks experienced a slight decline on Tuesday, while the dollar remained steady as investors eagerly awaited the release of minutes from the Federal Reserve’s recent policy meeting. The purpose was to assess the potential timing and extent of interest rate cuts expected for the year. Gold saw a slight retreat from its all-time high