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Tesla Slashes German Plant’s Production Targets Amid Challenges
Tesla, the American electric car manufacturer, has made significant downward revisions to its production targets at its Gruenheide plant in Germany, according to an investigative...
Peloton Stock Plunges 21% Amid Subscription Growth Slowdown
Peloton Interactive Inc. (PTON) encountered a substantial setback as its stock prices nosedived by 21% early Wednesday, reaching an all-time low. This plunge follows the...
US Treasury Yields Ease Amid Euro Zone Data
In a much-awaited respite, the US Treasury 10-year yields have eased off their staggering 16-year highs on Wednesday, offering a momentary relief to beleaguered government...
Upcoming Nvidia Earnings Report Sparks Interest
In a prelude to Wednesday’s trading session, stock market futures indicated a modest upturn in the United States, with market participants eagerly awaiting the forthcoming...
Nasdaq Shines Amidst Mixed US Stock Market Close
The US stock market closed Tuesday’s trading session with a mixed performance, as the tech-focused Nasdaq Composite emerged as the sole major index to land...
Arm by Softbank Gears Up for Landmark IPO Amid AI Era
SoftBank Group Corp.’s subsidiary, Arm Holdings Ltd., is poised to embark on what could be the most significant initial public offering (IPO) of the year,...
Lowe’s Q2 Profits Exceed Projections, Stock Jumps 3.5%
Lowe’s (LOW) witnessed a commendable surge in its stock on Tuesday, with an impressive gain of 3.5%, following the announcement that its second-quarter profits exceeded...
Cryptoassets Amplify Financial Risks, BIS Report Warns
In a recent paper released by the Bank for International Settlements (BIS), the touted potential of cryptoassets as the harbinger of financial innovation has been...
IBM to Sell The Weather Company Assets to Francisco Partners
In a significant strategic development, IBM has announced the sale of key assets of The Weather Company to the private equity firm Francisco Partners. The...
Lucid Motors Showcases EV Lineup in Monterey
Amidst the glitz, glamor, and bustling activity of this year’s Monterey Car Week, Lucid Motors (LCID), the prominent electric vehicle manufacturer, adeptly commanded attention even...
