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National cybersecurity experts have shelved a vote on a draft EU cybersecurity label allowing Amazon, Alphabet's Google and Microsoft to bid for highly sensitive EU cloud computing contracts to May, people familiar with the matter said on Tuesday. The European Union wants to introduce a cybersecurity certification scheme (EUCS) to vouch for the cybersecurity of cloud services and help governments and companies pick a secure and trusted vendor for their cloud computing business. However, disagreements on whether strict requirements should be imposed on Big Tech to qualify for the highest level of the EU cybersecurity label has hampered efforts...
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This Tesla analyst, while staying bullish, has some cutting words for CEO Elon Musk...
Continue ReadingAdobe (ADBE) announces the general availability of its new Acrobat AI assistant tool, boosting its generative AI-backed offering...
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Shares of Tesla (TSLA) are trading lower following a Reuters report that the automaker's global job cuts will affect its largest markets: the US and China. The layoffs will impact the sales and engineering divisions, and come as two of the company's top executives, Drew Baglino and Rohan Patel, leave the company. Yahoo Finance anchors Seana Smith and Madison Mills discuss how Tesla could see rocky months ahead, particularly given certain consumer pressures. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This article was written by Gabriel Roy...
Continue ReadingUnfortunately, investors who are getting that feeling that Tesla's (TSLA) stock could drop even further this year are not alone as it lands a Zacks Rank #5 (Strong Sell) and the Bear of the Day...
Continue ReadingAs the first quarter earnings season progresses, analysts at JPMorgan (JPM) have taken a bullish stance on the internet sector. The investment bank is particularly positive about names like Netflix (NFLX), Meta (META), and Uber (UBER). However, JPMorgan's top pick among the group is Amazon (AMZN), which the firm calls its "best idea" for 2024. Yahoo Finance's Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith...
Continue ReadingThe Cox Automotive affordability index—which adjusts for vehicle prices, income, and interest rates—came in at 37.1 in March, down about 10% from peak levels, but up about 10% from typical levels from before the pandemic. The average incentive offered by Tesla equaled almost 12% of average transaction prices in March. Incentives at Polestar and Lucid both came in around 14% of average transaction prices...
Continue ReadingThe Zacks Consensus Estimate for Tesla's (TSLA) Q1 earnings and revenues is pegged at 47 cents per share and $22.7 billion, respectively...
Continue ReadingTesla stock dropped 5.6% Monday, losing almost $10 and closing at $161.48 following news that Tesla would lay off more than 10% of its 140,000-strong workforce. Tesla stock hadn’t traded below $160 since May 2023. The declines leave Tesla stock down about 37% year to date...
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