Why is Accenture defying the tech sell off today?

Accenture shares rose 5.7% on Thursday, defying a broader tech-sector selloff, after the consulting giant reported stronger-than-expected second-quarter results driven by accelerating demand for artificial intelligence and cloud services. The company posted adjusted earnings of $2.93 per share for the quarter, beating analyst estimates of $2.84 and rising from $2.82 a year earlier. Revenue climbed… Continue reading Why is Accenture defying the tech sell off today?

Why Tesla stock is falling around 2% on Thursday

Shares of Tesla came under pressure on Thursday as US safety regulators escalated scrutiny of the company’s driver-assistance technology. At the time of writing, the Tesla stock was down around 2% to trade at $383. The decline comes as the National Highway Traffic Safety Administration said it is advancing its investigation into Tesla’s Full Self-Driving… Continue reading Why Tesla stock is falling around 2% on Thursday

US markets open lower on Thursday, Dow Jones down almost 300 points

The US market indices opened lower on Thursday, extending a broad risk-off sentiment across global markets as surging oil prices and persistent inflation concerns weighed on investor confidence. Dow Jones Industrial Average fell about 0.65% or 298 points while S&P 500 and Nasdaq 100 slipped roughly 0.81% and 1.13%, respectively. The decline follows a sharp… Continue reading US markets open lower on Thursday, Dow Jones down almost 300 points

Uber, Rivian team up to scale robotaxi fleets across global cities

Uber Technologies is stepping up its autonomous ambitions through a new partnership with electric vehicle maker Rivian Automotive, committing to invest up to $1.25 billion to support a large-scale robotaxi rollout. The agreement outlines plans to deploy as many as 50,000 autonomous vehicles across major markets by 2031. It signals a renewed push by both… Continue reading Uber, Rivian team up to scale robotaxi fleets across global cities

BitMine stock eyes an explosive surge as Ethereum price forms a bullish pattern

BitMine stock price remains in a deep slumber this month, continuing a trend that started in February. BMNR was trading at $21.4 on Wednesday, inside a range it has been stuck in since February 5 this year. It remains much lower than the all-time high of $161. This article explores why the stock may rebound… Continue reading BitMine stock eyes an explosive surge as Ethereum price forms a bullish pattern

Dow risks crash to $43k as Fear and Greed Index tumbles

The Dow Jones Index is nearing a correction after falling by 9% from its highest point this year. It tumbled by 768 points on Wednesday, and its futures dropped by over 120 points. This retreat may continue in the coming weeks, potentially to $45,000 as risks rise. Dow Jones Index technical analysis suggests more downside … Continue reading Dow risks crash to $43k as Fear and Greed Index tumbles

SCHD ETF has pulled back: is it safe to buy the dip now?

The Schwab US Dividend Equity ETF (SCHD) has slumped to its lowest level since February 4 this year. SCHD has dropped by 4.40% from its highest point this year, and this trend may continue falling before rebounding. SCHD ETF stock has dropped as American shares dump  The Schwab US Dividend Equity ETF has suffered a… Continue reading SCHD ETF has pulled back: is it safe to buy the dip now?

Here’s why the DAX Index is on the cusp of a steeper crash soon

The DAX Index slumped by over 2% on Thursday and is hovering at its lowest level this year as energy prices surged, making most companies in the index less competitive. It dropped to €23,000, its lowest level since March 9th, and nearly 10% below its highest point this year.  German stocks plunge amid the ongoing… Continue reading Here’s why the DAX Index is on the cusp of a steeper crash soon