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We maintained our approach of trimming holdings where valuations are stretched, while redirecting capital into reasonably valued small and mid-capitalization stocks...
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UltraPro Short QQQ ETF is a leveraged bet against the Nasdaq 100, providing 3 times the inverse daily gains or losses. Read more to see our analysis on SQQQ...
Continue ReadingThe deal between the tech giant and Abu Dhabi-based G42 signals a pivot for the Gulf state toward Washington...
Continue ReadingTesla's global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across sales, tech, and engineering, five sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. Several U.S.-based service centres saw heavy layoffs effective immediately, primarily of sales staff and technicians, one source said...
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Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one saying more than 10% were losing their jobs...
Continue ReadingLive Nation drops on reports Justice Dept. may file antitrust lawsuit next month. U.S. govt expected to award all CHIPS Act grants this year. Microsoft invests $1.5B in UAE-based AI firm...
Continue ReadingG42, the leading UAE-based artificial intelligence (AI) technology holding company, and Microsoft today announced a $1.5 billion strategic investment by Microsoft in G42. The investment will strengthen the two companies' collaboration on bringing the latest Microsoft AI technologies and skilling initiatives to the UAE and other countries around the world. As part of this expanded partnership Brad Smith, Vice Chair and President of Microsoft, will join the G42 Board of Directors...
Continue Reading(Bloomberg) -- Microsoft Corp.’s just-announced partnership with Abu Dhabi’s G42 followed behind-the-scenes negotiations between the US government and the Middle Eastern firm, which agreed to divest from China and pivot to American technology.Most Read from BloombergBeyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROITrump Media’s $5.3 Billion Selloff Deepens as 270% Rally FizzlesS&P 500 Breaks Below 5,100 as Big Tech Sells Off: Markets WrapIran’s Attack on Israel Spar...
Continue ReadingG42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid U.S. concerns over its relationship with Chinese businesses. Under the partnership, G42 will use Microsoft's cloud services and accede to a security arrangement negotiated in detailed conversations with the U.S. government, the newspaper said. G42 will also be able to sell Microsoft services that use powerful AI chips, the report added...
Continue ReadingMicrosoft plans to invest $1.5 billion in G42, an artificial intelligence firm in the United Arab Emirates, the New York Times reported on Tuesday. G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid U.S. concerns over its relationship with Chinese businesses. Under the partnership, G42 will use Microsoft's cloud services and accede to a security arrangement negotiated in detailed conversations with the U.S. government, the newspaper said...
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