(Bloomberg) -- European stocks struggled to make headway on Wednesday, with a rally in technology stocks barely keeping the benchmark afloat amid disappointing earnings in the banking and luxury sectors.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRay Dalio’s Famous Trade Is Sp...
Continue ReadingTesla stock surges after the electric-vehicle maker says its future car lineup would include ‘more affordable models’ while Texas Instruments’ earnings top analysts’ estimates. Boeing, AT&T, Meta Platforms, and IBM are scheduled to post earnings Wednesday...
Continue ReadingThe latest investor updates on stocks that are trending on Wednesday...
Continue ReadingThe rally attempt is gaining steam. Tesla soared as Elon Musk said "affordable" EVs will come in 2025 and touted robotaxis...
Continue ReadingTraders were fuelled by hopes of interest rate cuts and easing geopolitical tensions...
Continue ReadingA French startup has raised a hefty seed investment to "rearchitect compute infrastructure" for developers wanting to build and train AI applications more efficiently. FlexAI, as the company is called, has been operating in stealth since October 2023, but the Paris-based company is formally launching Wednesday with €28.5 million ($30 million) in funding, while teasing its first product: an on-demand cloud service for AI training. This is a chunky bit of change for a seed round, which normally me...
Continue ReadingAmidst a mixed financial quarter, Tesla focuses on innovative growth areas and strategic cost reductions...
Continue ReadingGoogle delays phaseout of third-party cookies in Chrome yet again. Tesla rallies after pointing to its upcoming affordable models. FTC votes to ban non-compete clauses...
Continue ReadingTesla’s quarterly results, combined with recent impressive stock market gains for traditional car companies, were supposed to signal a repudiation of electric vehicles by investors as a whole. Things turned out a little differently, with the results repudiating something else: lousy strategic planning by Tesla and others. Tesla is no longer in growth mode...
Continue ReadingFor Q1 2024, Deep Sail Capital Partners returned 13.0% net of fees while averaging 84% net long exposure...
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