Tesla's short sellers lost $3.5 billion after the firm announced better-than-expected electric car sales this week.
Sectors
Bitcoin Dips to 2-Month Low Amid US Presidential Election Uncertainty
Bitcoin dropped to its lowest level in two months on Thursday. Bitcoin dropped to its lowest level in two months on Thursday. According to Reuters, the cryptocurrency's value fell over 2% to $57,843, marking its lowest point since May 2 and losing over 6% this week alone.
Second Donald Trump Presidency Would Cause Spike in Long-Term US Bond Yields, Edmond De Rothschild Investment Head Says
A second Donald Trump presidency could lead to a rise in long-term US Treasury yields, according to Edmond de Rothschild Asset Management's Chief Investment Officer Benjamin Melman.
UK Stocks on the Rise as Keir Starmer's Labour Party Wins General Election
The British pound and several UK-based stocks and government bonds have arisen after the Labour Party won a landslide victory in the country’s general election.
Samsung Records Unexpected Profit Gain, Cites AI Boom's Impact on Chip Prices
Samsung estimated that it made a meteoric 15-fold rise in its second quarter operating profit, which it said was better than its expectations.
Latest News
Computer scientist, futurist, and artificial intelligence advocate Ray Kurzweil is optimistic that he will become one with the 'Singularity’ by his eventual death.
Local watchmaker Tsao Baltimore recently acquired a portion of scrap metal that was once the Francis Scott Key Bridge in an effort to keep its memory alive.
BYD, China's largest electric vehicle maker, has opened its first factory in Southeast Asia in Thailand, marking a strategic move into the region's growing EV market supported by government incentives.
HBC, the parent company of Saks Fifth Avenue, has announced a $2.65 billion acquisition deal with Neiman Marcus Group.
Dove's global chief marketing officer, Alessandro Manfredi, announced his departure from Unilever after two decades, citing product backlash from controversial marketing campaigns.
German environmental authorities in Brandenburg have approved Tesla's Gruenheide plant expansion, sparking environmental concerns over water supply risks and local ecosystem impacts.
Benjamin Melman of Edmond de Rothschild Asset Management cautioned that a Trump presidency could spike treasury yields of the country due to proposed tax, immigration, and tariff policies impacting inflation and market risk.
Trader Joe's is carrying out a nationwide recall of its Mango Tangerine Scented Candle. Trader Joe's is carrying out a nationwide recall of its Mango Tangerine Scented Candle as it might cause harm to users due to a larger-than-expected flame.
China filed six times more patents for artificial intelligence (AI) technologies than United States-based inventors, according to a UN report.
