Tesla Inc. (TSLA.O) has initiated a significant recall of more than 27,000 Cybertrucks in the US due to an issue involving delayed rear-view camera images. This recall addresses a software malfunction that causes a lag in displaying the rear-view camera feed, raising concerns about driver visibility and safety. The recall…
Nikola (NKLA) stock price went parabolic on Wednesday after the hydrogen truck company published a strong production and sales report. It soared by over 20% in its best day in over a month, reaching a high of $5.90, its highest level since September 26. Disrupting the trucking industry The trucking…
A federal appeals court in Washington, DC has removed a significant barrier for US gamblers, potentially allowing them to place bets on political outcomes, including the upcoming contest between former President Donald Trump and Vice President Kamala Harris. This ruling marks a major shift in how political betting could be…
Warren Buffett’s Berkshire Hathaway Inc. has eased the pace of its sales of Bank of America Corp. stock, marking a third consecutive slowdown in the process. The sales, which began in mid-July, fetched some of the lowest prices seen since the legendary investor started liquidating shares. While these stock sales…
The escalating conflict in the Middle East sent oil prices higher on Thursday, as traders kept a close eye on potential disruptions in crude flows from the region. However, a robust global supply outlook helped limit significant price surges. By early Thursday morning, Brent crude futures had climbed 80 cents,…
Indian equity benchmarks, BSE Sensex and NSE Nifty 50 tanked at the opening bell on Thursday on weak global cues due to rising tensions in the Middle East. Indian markets resumed trading after a break on account of Gandhi Jayanti on Wednesday. Late on Tuesday, Iran fired ballistic missiles towards…
A significant rally in Chinese stocks is prompting a shift in global portfolios, as investors seek to capitalize on new opportunities, Bloomberg has reported. Following Beijing’s aggressive economic stimulus measures, the flow of funds, which previously favored stocks from Japan and Southeast Asia, is reversing direction, according to market analysts.…
The Bank of England (BoE) could adopt a more aggressive stance on interest rate cuts if inflation data continues to improve, according to Governor Andrew Bailey. However, the escalating conflict in the Middle East poses risks to oil prices, which could complicate the central bank’s plans. In an interview with…
Turkey’s annual inflation rate slowed to 49.4% in September 2024, down from 52% in August, according to data released by TurkStat. This marked a significant decrease but was still higher than economists’ expectations, which had forecast a drop to 48.3%. Despite this decline, the central bank’s preferred inflation gauge, monthly…