Posts with tag: fantasy
Elon Musk offers $97.4 billion to buy OpenAI, the nonprofit governing the popular AI research lab. OpenAI CEO Sam Altman dismisses the offer, but experts say it could complicate OpenAI's plans to convert to a for-profit company. Musk's bid raises the potential market value of OpenAI's assets and could force the company to raise more capital, diluting the value of existing investors' stakes.
Published on: February 11, 2025, 08:00 PM UTC
US stocks traded mixed Tuesday, with Dow Jones Industrial Average higher, S&P 500 flat, and Nasdaq Composite lower. Investors digested Trump's tariff announcements and awaited Jerome Powell's testimony. Coca-Cola shares rose after earnings beat, while Shopify stock rebounded from losses. Gold surged on tariff threats, while Powell emphasized Fed independence and played down recession concerns.
Published on: February 11, 2025, 07:01 PM UTC
Gold prices pulled back slightly on Tuesday after a rapid 10% run year-to-date. Analysts see more upside for gold given recent tariff announcements and the threat of an escalating trade war.
Published on: February 11, 2025, 06:02 PM UTC
Port Hedland iron ore export hub starts clearing vessels amid potential cyclone
Published on: February 11, 2025, 02:01 AM UTC
Elon Musk vows to launch Tesla's driverless "robotaxi" service in Austin, Texas, raising concerns about safety and legal implications given Texas's hands-off regulatory approach toward autonomous vehicles.
Published on: February 10, 2025, 12:05 PM UTC
US stock futures rose before the opening bell on Monday, indicating a rebound from steep declines thanks to a surge in steel producers after President Donald Trump announced new tariffs on steel and aluminum imports.
Published on: February 10, 2025, 12:00 PM UTC
Strattec Security Corp. (STRT) reports Q2 net income of $1.3 million, or 32 cents per share. Adjusted earnings were 65 cents per share, on revenue of $129.9 million.
Published on: February 06, 2025, 10:08 PM UTC
Traders expect further interest rate cuts from the Bank of England after policymakers lowered borrowing costs and two voted for a bigger reduction. The pound fell while bonds initially rallied.
Published on: February 06, 2025, 07:01 PM UTC
O'Reilly Automotive exceeds Q4 expectations with 6.9% revenue growth, beating estimates. Despite slight EPS miss, the company remains a solid investment with $17.55 billion revenue projection and solid store performance. Explore our full research report for up-to-date analysis on O'Reilly's growth trajectory and valuation.
Published on: February 05, 2025, 10:00 PM UTC
A 10% surge in import costs shouldn't harm the US economy, but Trump's tariffs come amid heightened price sensitivity. Consumers are more likely to avoid purchases due to inflation concerns, despite Trump's pledge to reduce prices. Tariffs on China, Canada, and Mexico could cost families up to $2,600 annually, affecting a wide range of goods. Despite previous tariffs, Trump's bigger plans and the inflationary environment raise concerns about reflation.
Published on: February 04, 2025, 11:01 PM UTC