For the better part of a year, Wall Street has operated on a cynical yet profitable mantra – “Trump Always Chickens Out,” or the TACO trade. The strategy was simple. Whenever the White House issued a fire-and-brimstone threat – be it “Liberation Day” tariffs, the sudden annexation of Greenland, or military ultimatums – investors would
Shares of Tesla remained under pressure on Friday, extending a weak run as investors weighed softer delivery expectations, geopolitical risks, and uncertainty surrounding CEO Elon Musk’s long-term strategy. The stock fell 3% on Friday, adding to recent losses that have left it down sharply over the past three months. The electric-vehicle maker is now attempting
Wall Street’s most persistent bull, Tom Lee, is doubling down on a vision of the future that would make even the most seasoned optimist blink. The Fundstrat Global Advisors co-founder, known for his uncanny accuracy during post-pandemic recovery, believes S&P 500 is on a collision course with the 15,000 mark by the end of this
Global markets closed the week on a cautious note, with multiple asset classes reflecting heightened uncertainty. The cryptocurrency market weakened amid a broader risk-off mood, while geopolitical tensions and rising oil prices shaped equity sentiment. At the same time, Elon Musk’s potential plans for a retail-heavy SpaceX IPO drew attention, even as foreign investors accelerated
CrowdStrike Holdings Inc (NASDAQ: CRWD) is inching lower on Mar 27 after partner Anthropic previewed a “breakthrough” AI model with advanced cybersecurity capabilities it’s calling Claude Mythos. Adding to the pressure are reports of Amazon.com Inc, another one of CRWD’s partners, developing a sophisticated artificial intelligence tool to handle sales, business development, and other tasks.
Bitcoin fell to its lowest level in more than three weeks on Friday, as traders turned increasingly defensive following the year’s largest options expiry and a broader risk-off shift across global markets. The world’s largest cryptocurrency dropped as much as 5% to $65,547, slipping below the $66,000 mark and extending recent weakness. The move comes
US stocks fell sharply on Friday, with all three major indexes closing at their lowest levels in more than six months, as escalating tensions in the Middle East and surging oil prices dampened investor sentiment. The Dow Jones Industrial Average dropped 793.47 points, or 1.73%, to 45,166.64, entering correction territory on an intraday basis. The
SoftBank has secured a $40 billion bridge loan as it sharpens its focus on artificial intelligence and expands its relationship with OpenAI, the company behind ChatGPT. The move signals a renewed push by the Japanese investment giant to position itself at the centre of the fast-growing generative AI market. Led by Masayoshi Son, SoftBank is
Unity Software shares rebounded after the close following stronger preliminary first-quarter guidance, even as major US indices declined during regular trading. The stock ended the session down 3.76% at $17.13 before rising 12.49% in after-hours trading to $19.27. Unity projected first-quarter revenue of $505 million to $508 million, ahead of its earlier outlook of $480
The iShares 20+ Year Treasury Bond ETF (TLT) remains under intense pressure this year as investors have remained concerned about the ballooning US government debt and rising long-term bond yields. The TLT ETF stock dropped to $86, down by nearly 5% from its highest point this year. Soaring US debt has pushed investors to BIL