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Vehicle output at the factory is set to rise from 5,000 to 6,200 vehicles per week beginning in July. The production boost comes as Tesla sees strong growth in Europe. The company is also pushing for more European nations to approve its FSD technology, which it believes will help spur sales. Shares of Tesla Inc…

Micron Technology briefly topped Meta Platforms and Tesla in terms of market capitalisation on Thursday as artificial intelligence (AI)-led demand continues to fuel a remarkable rally in the memory-chip maker. The company’s earnings and revenue forecast also pushed the stock higher.  The AI stock is already up 326% over the past six months. Advertisement Micron…

Oil Prices Make a Stunning Retreat to Prewar Levels. Where Do We Go From Here? While a surge of tankers have exited the Strait of Hormuz, the market is expected to tighten again. —- A world rejecting OPEC controls could usher in oil below $50 a barrel Iraq’s hint that it could exit OPEC is…

As equity markets move through different phases of the economy, sector performance often changes. Financial stocks may lead during one period, while manufacturing, technology, healthcare, consumption, or infrastructure-related sectors may outperform during another. For investors, predicting which sector could perform best at a given time is not always easy. This has drawn attention to Business…

Every year, mutual fund rankings create a familiar temptation. A small-cap fund delivers 30-40% returns, a thematic fund doubles investors’ money, and investors begin asking the same question: Should I move my money there? The answer, more often than not, is no. “The belief that yesterday’s winners will continue to be tomorrow’s winners is one…

The S&P 500 ended flat and the Nasdaq 100 rose 0.8%, while the Dow Jones added 0.1%. Qualcomm stock jumped on forecast of annual sales of more than $15 billion from artificial intelligence components by FY29. Microsoft announced it’s raising prices on Xbox consoles. The S&P 500 ended flat on Thursday as weakness in Apple…

What the Magnificent Seven dominating the S&P means for investors Investors who buy S&P 500 index funds sometimes worry about the index’s top-heavy composition. It’s a logical concern, given that seven AI stocks contribute almost one-third of the index’s value. However, anyone invested in the S&P 500 has shared in the Magnificent Seven’s success, particularly…

Key Points Tesla‘s (NASDAQ: TSLA) market cap is currently hovering around $1.2 trillion. Over the last three years, shares have soared by more than 50%. What many investors may not realize, however, is that Tesla’s auto sales are actually declining. Last year, Tesla’s auto sales fell by 8%. In 2024, auto sales were down by…

New York —  Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled with weakness in AI stocks. The S&P 500 fell 2.64%, its worst day since October. The index fell into the red for the week and snapped a nine-week winning…

U.S. stock markets were mixed on Thursday as investors moved money out of major technology stocks and into other sectors like healthcare, finance, and industrial companies. The tech-heavy Nasdaq Composite fell 0.5%. The S&P 500 was nearly flat and showed little overall movement. US stock market today saw Dow hit a record high while Nasdaq…