Tesla’s new car sales in Spain more than doubled in May, reflecting strong demand for the electric vehicle maker’s products in one of Europe’s key automotive markets. Registration data released by industry group ANFAC on Monday showed that Tesla sold 1,690 vehicles in Spain during May, representing a 112.8% increase compared with the same month… Continue reading Tesla’s Spain sales surge 112.8% in May as electric vehicle demand grows
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Rocket Lab stock has gone parabolic: why the SpaceX IPO may trigger a crash
Rocket Lab (NASDAQ: RKLB) stock price has gone parabolic this year and is now trading at its all-time high. It soared for four consecutive weeks, meaning it has now jumped by over 4,000% from its pandemic low of $3.43. This rally may meet its match in the coming days as the stock has become highly… Continue reading Rocket Lab stock has gone parabolic: why the SpaceX IPO may trigger a crash
NOW, IBM, other software stocks surge as Huang eases AI fears
A recovery in software stocks accelerated on Monday after Nvidia chief executive Jensen Huang pushed back against concerns that artificial intelligence could undermine the software industry. The comments provided a fresh tailwind to a sector that had already begun rebounding as investors bought the dip following months of heavy selling. ServiceNow (NOW) rose 10% in… Continue reading NOW, IBM, other software stocks surge as Huang eases AI fears
JEPQ ETF stock just hit a record high and yields 10%: Is it a good buy?
The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) surged to a record high in May as technology stocks soared, and has climbed over 14% from its lowest point this year. The rally has coincided with steady inflows as investors chase its high yield. So is it a good ETF to buy today? JEPQ ETF inflows… Continue reading JEPQ ETF stock just hit a record high and yields 10%: Is it a good buy?
Dow futures rise 200 points: 5 things to know before market opens
US stock index futures edged higher on Monday as fresh artificial intelligence updates from Nvidia and Microsoft lifted technology sentiment, helping investors look past oil-price gains and continued uncertainty around US-Iran tensions. Nvidia rose in premarket trading after unveiling a new chip designed to bring AI capabilities to laptops and desktops, while Microsoft also gained… Continue reading Dow futures rise 200 points: 5 things to know before market opens
Why Berkshire Hathaway is spending $6.8B on a struggling homebuilder
Berkshire Hathaway is making a $6.8 billion cash bet on US housing at a moment when much of the sector looks stuck in reverse. The move is Greg Abel’s first major acquisition as Berkshire’s chief executive, and it comes with an obvious tension. Mortgage rates are near yearly highs, new residential construction has weakened, and… Continue reading Why Berkshire Hathaway is spending $6.8B on a struggling homebuilder
Column: why markets seem unfazed by the US-Iran conflict
How important is the war between the US and Iran to investors? Looking at the financial markets, it would appear that it’s not important at all. Apart, perhaps, when it’s trotted out to provide a narrative for market behaviour. As a recap, it began with a joint US/Israeli attack on Iran at the end of… Continue reading Column: why markets seem unfazed by the US-Iran conflict
What does Nvidia’s laptop chip mean for Intel, AMD and Qualcomm?
Nvidia (NASDAQ: NVDA) used Computex week in Taipei to make its boldest move yet into the personal computer market, unveiling a laptop chip that puts the AI chip leader directly inside the Windows machine. The RTX Spark superchip marks a shift that goes beyond graphics cards. It combines a 20-core Arm-based central processor with a… Continue reading What does Nvidia’s laptop chip mean for Intel, AMD and Qualcomm?
Big Tech taps global bond markets as AI infrastructure costs surge
US technology giants are reshaping global corporate bond markets as they borrow beyond the dollar to fund a costly race to build artificial intelligence infrastructure. Alphabet and Amazon have led a surge in multi-currency issuance across Europe, Japan, Switzerland, Canada and the UK, as the companies seek funding for data centres, cloud capacity and AI-related… Continue reading Big Tech taps global bond markets as AI infrastructure costs surge