Intel has successfully defended itself against a shareholder lawsuit that accused the company of misleading investors about its foundry business strategy. A judge dismissed the case, removing a potential legal obstacle as Intel continues to expand its semiconductor manufacturing operations. The lawsuit, filed by a group of investors, claimed that Intel had overstated its ability…
Shares of General Motors (GM), Ford (F), and Stellantis (STLA) surged after former President Donald Trump announced a temporary pause on auto tariffs, offering much-needed relief to U.S. automakers. The decision comes as a major win for Detroit’s Big Three, easing fears of rising production costs and potential price hikes that could have hurt both…
Elon Musk, the CEO of Tesla, has criticized India’s high automobile import taxes, which may reach 110%, as among the world’s highest. Under a potential trade agreement between the two countries, the United States wants India to remove tariffs on auto imports. However, sources told the news channel that while the administration is considering more…
Investors are becoming concerned after Palantir Technologies Inc.’s stock price dropped by 33% between February 14 and March 3. The company’s federal contracts were jeopardized due to the sell-off, which wiped almost $90 billion in market value, and reports of possible Pentagon budget cuts. Nevertheless, despite the steep fall, Palantir continues to demonstrate remarkable revenue…
Early on Thursday, S&P 500 futures were flat as the main averages recovered on expectations of tariff concessions from President Donald Trump. Futures linked to the Dow Jones Average and the broad market index saw minimal movement. Nasdaq 100 futures saw a 0.1% decline. The week has been erratic for stocks thus far. Wednesday saw…
At one point, the tech-heavy Nasdaq Composite fell more than 10% from its mid-December closing high, ending 9.4% below that top. US Stocks Face Tricky Moment as Trump’s Latest Tariffs Land: The recent tariffs imposed by President Donald Trump are causing a reckoning in the U.S. stock market. The benchmark S&P 500 closed Tuesday’s trading…
As investors reevaluate, risk, semiconductor and tech firms are under a lot of pressure as the U.S. stock market undergoes a tumultuous downturn. Palantir Technologies (NYSE: PLTR), which has experienced a massive decline amid a broader market shift away from speculative trades, is one of the greatest victims of this collapse. Palantir’s once-explosive surge is…
Nvidia (NASDAQ: NVDA), the dominant force in AI-powered computing, is once again driving major market volatility, sending stocks like SoundHound AI (NASDAQ: SOUN), Serve Robotics (NASDAQ: SERV), and Super Micro Computer (NASDAQ: SMCI) on a wild ride. As Nvidia’s AI momentum builds, these companies—closely tied to its ecosystem—are experiencing massive price swings, leaving investors wondering:…
Tesla’s stock is facing renewed pressure after Goldman Sachs lowered its price target to $320, citing slowing demand and increasing competition in the electric vehicle (EV) market. The downgrade has raised concerns about Tesla’s ability to maintain its rapid growth, particularly as more automakers enter the EV space and economic uncertainty impacts consumer spending. Goldman…
Intel is moving forward with its massive semiconductor expansion in Ohio, despite political uncertainty surrounding the CHIPS Act, a key piece of legislation aimed at boosting U.S. semiconductor manufacturing. Former President Donald Trump recently suggested ending the CHIPS Act, raising concerns about the future of federal funding for domestic chipmakers. However, Intel has reaffirmed its…