BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

Bank of America Global Research boosted its year-end projection for the STOXX 600 index to 530 from 500 on Friday, citing sustained resilience in global GDP following a recent truce in US-China trade talks. The pan-European benchmark, which closed Thursday at 535.86, is still around all-time highs, indicating market optimism amid persistent geopolitical uncertainties. According… Continue reading BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

Tesla stock gains ahead of robotaxi launch: analyst sees 50% upside ahead

Tesla shares are gaining ground as investor excitement builds ahead of the company’s long-anticipated robotaxi launch. CEO Elon Musk has pledged a major reveal next week, fuelling optimism about Tesla’s potential to disrupt the ride-hailing and autonomous driving sectors. Musk recently confirmed that the robotaxi service is set to begin operations in Austin, Texas, on… Continue reading Tesla stock gains ahead of robotaxi launch: analyst sees 50% upside ahead

Audi weighs $4.6 billion US plant amid tariff pressure from Trump

According to a report from the German publication Spiegel, Audi is considering plans to build a new factory in the United States. The move is a clear attempt to ease trade tensions with the U.S. government, as tensions continued to escalate, with President Donald Trump threatening tariffs on European automakers, prompting concerns about factory closures. The… Continue reading Audi weighs $4.6 billion US plant amid tariff pressure from Trump

Elon Musk confirms Tesla Robotaxi pilot launching in Austin on June 22

The long-anticipated Tesla robotaxi project is set to begin a limited rollout in Austin, Texas on 22 June. The pilot will deploy 10 vehicles equipped with the company’s Full Self-Driving (FSD) software, marking the first time Tesla will offer autonomous rides to select users in a controlled urban environment. The move aligns with Elon Musk’s… Continue reading Elon Musk confirms Tesla Robotaxi pilot launching in Austin on June 22

XRP price stuck under $3: can it finally break through?

XRP’s price briefly surged past the $3.00 mark in January 2025, but has failed to reclaim that level in the months since. This prolonged consolidation comes despite XRP maintaining a relatively high open interest of $3.89 billion, suggesting market participants are positioned but unwilling to commit further capital. XRP’s stagnant movement is being weighed down… Continue reading XRP price stuck under $3: can it finally break through?

Cathie Wood says Trump’s tariffs could unlock tech and healthcare growth

President Donald Trump’s trade tariffs, announced in April, have sparked sharp reactions across global markets. While many interpret the move as protectionist, Cathie Wood, founder of ARK Investment Management, believes the policy shift may instead pave the way for more open and freer international trade. Speaking on Bloomberg Television on May 19, 2025, Wood suggested… Continue reading Cathie Wood says Trump’s tariffs could unlock tech and healthcare growth

Should Klarna IPO remain on watch list after sharp increase in Q1 loss?

Klarna is in focus this morning after reporting a rather steep year-on-year increase in its quarterly loss to $99 million. In Q1 of last year, the financial technology company had lost $47 million. Klarna’s first-quarter update arrives shortly after the buy now, pay later firm hit pause on its plans of going public in the… Continue reading Should Klarna IPO remain on watch list after sharp increase in Q1 loss?

Nvidia opens NVLink Fusion ecosystem, expands Taiwan AI footprint with Foxconn partnership

Nvidia has unveiled a major expansion to its AI hardware strategy with the launch of NVLink Fusion, a platform that allows third-party processors to work seamlessly alongside Nvidia GPUs. Previously restricted to Nvidia’s own chips, the NVLink interconnect technology will now support central processing units (CPUs) and application-specific integrated circuits (ASICs) from external vendors. The… Continue reading Nvidia opens NVLink Fusion ecosystem, expands Taiwan AI footprint with Foxconn partnership

Why this brokerage downgraded UnitedHealth’s rating to ‘hold’

Brokerage firm TD Cowen downgraded the recently under-fire UnitedHealth to a “hold” rating. The research firm also slashed the price target to $308 from $520. Why did the analysts downgrade UnitedHealth’s stock TD Cowen’s analyst, Ryan Langston, said the new V28 Medicare advantage model affects the company more than its competitors.  UnitedHealth’s higher risk adjustment… Continue reading Why this brokerage downgraded UnitedHealth’s rating to ‘hold’