Tesla stock (NASDAQ: TSLA) extended its decline heading into Friday as investors questioned whether SpaceX could realistically finance a takeover of Elon Musk’s electric-vehicle company.Tesla fell 0.9% to $391.06 on Thursday, while SpaceX slid 3.1% to $131.11, below its $135 IPO price.The parallel weakness matters because any acquisition would probably…
The FTSE 100 Index has remained in a narrow range this week as traders reacted to the rising tensions between the US and Iran. It also wavered as the United States earnings season started, with big names like JPMorgan, Goldman Sachs, and Netflix releasing their earnings. This article looks at…
Burberry Group share price slipped by over 3% today as the luxury goods company published a strong trading statement that came out short of expectations. It slipped to 1,052p, inside the range in which it has been stuck at in the past few days.Burberry Group shares drop after earningsLuxury goods…
SpaceX shares fell in after-hours trading after closing below their IPO price for the first time on Thursday.The decline came after the company’s 13th Starship test flight was aborted less than a second before liftoff.The setback added to investor concerns as bearish bets against the stock continue to rise.The stock…
LONDON — Scotland fans famously drank Boston dry. But while the team’s exploits on the field could not match the success of its supporters, pubs in England — some of which are struggling financially — have been boosted by the boon in beer sales from the team’s run to the…
US stocks closed higher on Wednesday as investors welcomed another softer-than-expected inflation report and a strong start to the second-quarter earnings season, while rotating out of semiconductor stocks and into large-cap technology names.The Dow Jones Industrial Average gained 150.25 points, or 0.29%, to close at 52,658.52. The S&P 500 advanced…
IBM shares extended their sharp decline on Wednesday after suffering one of the biggest one-day selloffs in the company’s history, with analysts warning that changing corporate technology spending priorities could continue to weigh on the stock despite its long-term artificial intelligence ambitions.The shares fell more than 2.7% on Wednesday, adding…
The global semiconductor boom has hit a critical bottleneck in 2026 – a severe shortage of skilled chip design engineers.Tech giants are increasingly struggling to source human talent as they race to build custom artificial intelligence (AI) silicon.This has created a historic opportunity for Electronic Design Automation (EDA) firms as…
SK Hynix stock fell as much as 11% in Seoul on Thursday, surrendering most of the previous session’s sharp rebound as another sell-off in memory and AI-hardware stocks spread across Asia.The reversal came after the company’s Korean shares surged nearly 13% on Wednesday.Its Nasdaq-listed depositary receipts moved in the opposite…
Asian stocks fell on Thursday as a renewed sell-off in chipmakers exposed the risk of sky-high expectations before TSMC’s quarterly results.South Korea bore the brunt, with the Kospi down about 6.4% as SK Hynix lost 11% and Samsung Electronics fell more than 8%.Japan’s Nikkei dropped almost 3%, while Hong Kong…