After a dismal start to 2024, Tesla’s stock has rallied sharply of late, including a 27% gain this week, to wipe out its loss for the year.
Category: Technology
Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand
Samsung said Friday it expects operating profit for the April to June quarter to be approximately 10.4 trillion won — a jump of about 1,452%.
Mt. Gox begins repaying bitcoin to creditors a decade after exchange’s collapse. What it means
Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago, said Friday it has begun making repayments to creditors.
China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe
Europe on Thursday confirmed tariff increases on electric vehicles imported from China to the continent with automakers criticizing the move.
Tesla short sellers lost $3.5 billion in two days of trading after deliveries report
With Tesla’s stock close to wiping out its losses for the years, investors betting for a decline have had a rough week.
Microsoft’s Surface Pro is fine, but it isn’t the AI device to change personal computing
Microsoft’s latest Surface Pro containing a Qualcomm chip delivers over eight hours of battery life, and it works with many programs.
Bitcoin slides to two-month low as Fed signals it’s not ready to cut rates yet
Bitcoin on Thursday fell below the $57,000 mark for the first time since May 1, according to data from crypto ranking site CoinGecko.
SoftBank stock hits its first record high in 24 years — Arm and AI helped it get there
SoftBank shares have been boosted by the improved financial performance in the Vision Fund and by a rally in the stock of chip designer Arm.
China’s BYD is set to take Tesla’s crown as the world’s No. 1 producer of battery electric vehicles
Counterpoint Research on Tuesday said China “remains a dominant force in the BEV market” with BYD leading the way.
Microsoft reaches settlement in California over claims it punished employees for taking protected time off
Microsoft has agreed to pay $14.4 million to settle claims that the company unfairly treated California employees who took protected time off.