Stock Research

In a dramatic shift, investors withdrew $26 million from spot Ether ETFs on the second day of trading, following an initial $100 million inflow. This notable withdrawal has significantly impacted the Grayscale Ethereum Trust (NYSE: ETHE), a major player in the crypto asset management arena. According to data from ETF tracker Farside, ETHE experienced substantial… Continue reading Grayscale Ethereum Trust faces $26 million outflow as investors shift to lower-cost alternatives

Tesla chief executive Elon Musk announced his intention to seek board approval to invest $5 billion in his artificial intelligence start-up, xAI. The potential investment would further integrate Musk’s extensive network of technology companies, emphasizing Tesla’s strategic shift towards AI and robotics. Public support for xAI investment On Tuesday, Musk took to his social media… Continue reading Musk to seek Tesla board approval for $5 billion investment in AI start-up xAI

US investment group Apollo has struck a deal to buy UK parcel delivery company Evri, gaining control of a significant competitor to Royal Mail. The acquisition is valued at approximately £2.7 billion, according to sources familiar with the matter. This move places Apollo in a key position within the UK’s competitive delivery sector, which has… Continue reading Apollo to acquire UK parcel delivery company Evri for £2.7 billion

Elon Musk, renowned for his transformative impact on Tesla and space exploration, faces mounting scrutiny regarding his role as CEO of Tesla Inc. (NASDAQ: TSLA).  Despite his extraordinary achievements, including revolutionizing electric vehicles and advancing space travel, recent developments suggest that his leadership may be stretched too thin.  Here are three reasons why some argue… Continue reading Should Elon Musk step down as Tesla CEO? Three key reasons to consider

Renewable energy demand is poised to skyrocket, driven primarily by the rise of AI data centers and the electrification of the economy, according to John Ketchum, CEO of NextEra Energy Inc. (NYSE: NEE).  Speaking during the company’s second-quarter earnings call, Ketchum highlighted how these factors will propel renewable energy demand to triple by the end… Continue reading NextEra Energy CEO predicts renewable energy demand to triple by 2030 despite Q2 revenue miss

South Korea’s primary stock index, KOSPI, took a hit today as Samsung Electronics Co Ltd (KRX: 005930) encountered a significant setback in passing Nvidia Corp’s (NASDAQ: NVDA) critical chip test.  This stumble has sent ripples through the market, underscoring the close ties between leading corporations like Samsung and the broader performance of the export-driven South… Continue reading Samsung setback drags South Korean stocks as Nvidia test falters

As electric vehicle (EV) demand wanes across the US and Europe, Chinese EV maker BYD is on track to outpace Tesla in vehicle sales this year. Despite the implementation of tariffs on Chinese EVs in these regions to boost local manufacturers and meet political objectives, BYD is thriving by expanding its market presence globally, particularly… Continue reading BYD poised to surpass Tesla in EV sales despite Buffett’s divestment

In a significant move that has caught the attention of investors, Goldman Sachs upgraded Spotify Technology SA (NYSE: SPOT) from “Neutral” to “Buy” and raised its price target from $320 to $425, representing a potential 26% upside from its current market price.  This endorsement follows Spotify’s robust Q2 performance, which showcased notable increases in premium… Continue reading Goldman Sachs elevates Spotify price target to $425 after strong Q2 earnings: Should you invest?

Last Friday, a software update from the U.S. cybersecurity firm CrowdStrike resulted in a global crash of millions of computers. The company confirmed that the issue was due to a bug in its quality control mechanism, affecting essential services in sectors like aviation, banking, and healthcare. Bug in Falcon Sensor caused widespread crashes CrowdStrike’s Falcon… Continue reading CrowdStrike says bug in software update behind global IT outage