The recent news of Tesla’s progress towards launching its advanced driver-assistance feature in China has stirred up a significant amount of excitement among investors. However, according to Mark Hawtin, the investment director at GAM Investment Management, the hype surrounding Tesla’s Full Self Driving (FSD) service may be exaggerated. Hawtin believes that the expectations for Tesla’s
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Coinbase recently released its first-quarter earnings report, surpassing analysts’ expectations with flying colors. The company reported earnings of $4.40 per share, significantly higher than the estimated $1.09 per share. Furthermore, Coinbase’s revenue of $1.64 billion exceeded the projected $1.34 billion, reflecting its strong performance in the market. The primary marketplace in the U.S. for digital
Bitcoin experienced a significant drop on Wednesday, reaching its lowest level in over two months as broader market sentiment turned risk-off. The digital currency fell below $57,000 for the first time since February 28th, hitting a low of $56,757.93. The price of Bitcoin was down 6.3% to $57,505.24, with other cryptocurrencies like ether, solana, and
When Amazon reports its first-quarter earnings after the bell on Tuesday, analysts are expecting some impressive numbers. Specifically, they are projecting earnings per share of 83 cents and revenue of $142.5 billion. Wall Street is also keeping a close eye on two other key figures in the report: Amazon Web Services revenue of $24.5 billion
The stock market saw a significant surge in Tesla’s shares during premarket trading in the U.S. following the announcement that the electric car company had reached a milestone in rolling out its full self-driving technology in China. The share price jumped by more than 10% in response to Tesla CEO Elon Musk’s visit to China
As the demand for AI technologies continues to rise, U.S. cloud infrastructure provider Oracle has been focusing on boosting its generative AI capabilities. The intensifying cloud competition has led Oracle to introduce new features to its cloud infrastructure and applications to stay ahead in the game. Oracle has recognized the significance of generative AI, especially
The tech industry, once considered a beacon of job security and growth, is now facing a wave of mass layoffs that are significantly impacting the workforce. Despite impressive earnings from tech giants like Alphabet and Microsoft, job cuts have become a common occurrence, with over 263,000 job losses reported in 2023 alone. The numbers continue
As the digital advertising landscape is slowly recovering from the turmoil of the past years, major players like Meta, Snap, and Google are starting to see growth again. Meta, in particular, reported an impressive 27% jump in first-quarter revenue to $36.5 billion, marking its strongest rate of expansion since 2021. This growth can be attributed
Once a key figure at Tesla, Drew Baglino made headlines when he announced his resignation from the electric vehicle company. Baglino, who had been with Tesla for 18 years, decided to part ways with the company, citing personal reasons. However, what caught the attention of many was the fact that he sold shares in Tesla
Mark Zuckerberg recently faced a backlash from investors as Meta’s stock tumbled by as much as 19% following the earnings call. Despite reporting better-than-expected profit and revenue for the first quarter, investors were not on board with Zuckerberg’s focus on the company’s financial losses and the future investments being made. The drop in Meta’s shares
