Palantir Technologies (NYSE: PLTR) continues to make waves in the artificial intelligence (AI) and data analytics space, securing major deals with corporate giants like Walgreens Boots Alliance and Heineken. These new partnerships highlight the company’s increasing presence in the commercial AI sector, a shift from its traditional focus on government contracts. Despite Palantir’s strong momentum,…
Intel’s stock saw a major boost after reports surfaced that Taiwan Semiconductor Manufacturing Company (TSMC) is in talks with Nvidia, AMD, and Qualcomm about a potential joint venture to take over Intel’s struggling foundry business. This deal could be a game-changer for Intel, which has faced increasing pressure to keep up with global semiconductor leaders….
Tesla’s stock is in freefall, shedding nearly half of its market value since December 2024. Once valued at $1.54 trillion, the company’s market cap has now dropped to $777 billion, sending shockwaves through Wall Street and leaving investors questioning what’s really behind the decline. While some point to CEO Elon Musk’s controversial political involvement, others…
In a dramatic and unexpected move, Donald Trump purchased a red Tesla Model S in a high-profile event at the White House, standing alongside Elon Musk as he praised the car’s technology and performance. But while this public endorsement grabbed headlines, it did little to stop Tesla’s stock from continuing its downward spiral. The electric…
The sell-off in global markets moderated in Europe on Tuesday, following a dramatic drop in US stocks as investors expressed anxiety about the negative economic impact of President Donald Trump’s tariffs. It came after the president stated in a television interview that the world’s largest economy was in a “period of transition” when questioned about…
President Donald Trump’s tariffs have alarmed investors, with worries of an economic slump fueling a stock market sell-off that has erased USD 4 trillion off the S&P 500’s top last month, when Wall Street praised most of Trump’s program. A bombardment of new Trump initiatives has exacerbated uncertainty for firms, consumers, and investors, particularly the…
In a major development for the trucking industry, Ford Trucks and IVECO have officially joined forces to develop a next-generation heavy-duty truck cabin, aiming to improve safety, aerodynamics, and driver comfort. The collaboration, backed by a $374 million investment, is expected to set new industry standards and enhance efficiency for long-haul and commercial trucking. The…
Following President Donald Trump’s attempt to reassure a business roundtable over the economic prospects and the measures he is taking to encourage growth, stocks in Asia and futures for the European and US markets both saw slight increases. As Trump’s tariffs on steel and aluminum went into force without exception, Australia’s benchmark S&P/ASX 200 index…
For the first time since smartwatches hit the market, global shipments have fallen, marking a 7% decline in 2024, according to Counterpoint Research. While Apple remains the industry leader, it wasn’t immune to the slowdown, with Apple Watch shipments dropping 19% year-over-year—one of the most significant declines among major brands. Why Are Smartwatch Sales Slipping?…
The Bank of Canada is expected to lower interest rates for the seventh time on Wednesday as the country braces for a trade war that, if not resolved quickly, will drive the economy into a recession. Economists and markets predict policymakers, led by Governor Tiff Macklem, to lower the policy interest rate to 2.75%, the…