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A rally among the biggest technology stocks in the world has pushed the U.S. stock market to nosebleed levels as investors braced for a slew of earnings. The tech-heavy index Nasdaq Composite did the best, rising 0.8% today. The Nasdaq has had 35 record closes YTD, its most since 2021...
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Alphabet Inc.'s (NASDAQ:GOOGL) (NASDAQ:GOOG) autonomous cab service Waymo CEO Tekedra Mawakana took a swipe at Tesla Inc. (NASDAQ:TSLA) and its autonomous driving pursuits as the Robotaxi race heats up in the U.S. Tekedra Mawakana Thinks It’s .....
Continue ReadingTesla's board isn't just backing Elon Musk—they're betting a trillion dollars on him. In a Sept. 12 filing with the U.S. Securities and Exchange Commission, Tesla disclosed a proposed compensation package that could net Musk up to $1 trillion—yes, .....
Continue ReadingDiscover why Check Point Software Technologies Ltd. stands out with strong profits, AI-driven growth, and new acquisitions. Click for my take on CHKP Q3 earnings...
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Amazon (AMZN) announced on Tuesday that it will be laying off 14,000 corporate workers. This comes a day after Reuters initially reported that firings could reach up to 30,000 roles. As part of Opening Bid's panel of expert guests and reporters, Prairie Operating Co. EVP Market Strategy Lou Basenese weighs in on what Amazon's layoffs could signal about the broader labor market conditions. Amazon is scheduled to report third quarter earnings results after the market close on Thursday, October 30. Basenese is also the founder of TheBigSkinny.com. To watch more expert insights and analysis on the latest market action, check out more Opening Bid...
Continue ReadingWithout a new $1 trillion incentive package, would Elon Musk leave Tesla behind? If he does depart, will the company survive without him?...
Continue ReadingThe robotics space is entering earnings season with positive momentum. This note recaps the key themes and performance drivers from the quarter for investors, while previewing Q3 results...
Continue ReadingThe Windows maker would hold a stake of about $135 billion - or 27% - in OpenAI Group PBC, which will be controlled by the OpenAI Foundation, a nonprofit. It resolves the longstanding issue of OpenAI being organized as a not-for-profit (organization) and settles the ownership rights of the technology vis-a-vis Microsoft...
Continue ReadingTesla’s European sales in September were 39,837 vehicles, down 10.5%, according to the European Automobile Manufacturers’ Association...
Continue ReadingAnalysts have nearly halved Tesla earnings estimates since the start of year. But Tesla stock is in a buy area as the growth story lives on...
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