Bank of America Global Research boosted its year-end projection for the STOXX 600 index to 530 from 500 on Friday, citing sustained resilience in global GDP following a recent truce in US-China trade talks.The pan-European benchmark, which closed Thursday at 535.86, is still around all-time highs, indicating market optimism amid…
XRP’s price briefly surged past the $3.00 mark in January 2025, but has failed to reclaim that level in the months since.This prolonged consolidation comes despite XRP maintaining a relatively high open interest of $3.89 billion, suggesting market participants are positioned but unwilling to commit further capital. XRP’s stagnant movement…
The long-anticipated Tesla robotaxi project is set to begin a limited rollout in Austin, Texas on 22 June.The pilot will deploy 10 vehicles equipped with the company’s Full Self-Driving (FSD) software, marking the first time Tesla will offer autonomous rides to select users in a controlled urban environment.The move aligns…
Palantir co-founder and renowned defense investor Joe Lonsdale weighed in on escalating tensions between Israel and Iran in a CNBC interview on Friday.According to Lonsdale, Tehran’s pursuit of nuclear weapons demands decisive US action, regardless of political hesitation or past intervention fatigue.Lonsdale refrained from speculating on intentions, referring to President…
Tesla has signed its first agreement to build a utility-scale battery storage facility in China, marking a major step in the company’s global energy ambitions despite ongoing trade tensions between Washington and Beijing.The announcement, shared by Tesla on the Chinese social media platform Weibo, revealed that the new project would…
Investors have bailed on First Solar Inc (NASDAQ: FSLR) in recent sessions after the US Senate backed removal of subsidies for solar companies that President Trump proposed last month in his “One Big Beautiful Bill Act”.Still, RBC analysts led by Christopher Dendrinos remain convinced that FSLR may actually prove a…
Autonomous vehicles have already started taking share within ride-sharing and trucking industries this year, and Goldman Sachs believes the penetration will only accelerate moving forward.According to its analyst Mark Delaney, it has already been well established that self-driving tech works, and “the key focus for investors is now on the…
As the July 9 deadline looms, the European Union (EU) and the United States (US) are intensifying efforts to finalize a trade deal that could prevent the reinstatement of significant tariffs on EU goods. The potential imposition of a 50% tariff by the US, initially threatened by President Donald Trump,…
As the US dollar continues its downward trajectory in 2025, emerging markets are experiencing a significant resurgence in investor interest. This shift is driven by a combination of currency depreciation in the US and the promise of higher returns in developing economies. Recent reports indicate a notable increase in capital…
Shares of GMS Inc. soared on Friday as the building-products distributor became the centre of a potential bidding war between two heavyweights in the construction supply industry: Home Depot and QXO.The stock jumped 29% in pre-market trading, reaching $104.50, after The Wall Street Journal reported that Home Depot had submitted…