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Posts published in “Finance”

Tesla Soars on Tentative Approval for Driving System in China

Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market. The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because

Nasdaq futures rise after benchmark’s worst day since April: Live updates

SolarEdge tanks after customer that owes millions files for bankruptcy A Solarpro employee installs a SolarEdge Technologies inverter at a residential property in Sydney, Australia, on May 17, 2021. Brendon Thorne | Bloomberg | Getty Images SolarEdge fell more than 20% on Tuesday after disclosing that a customer that owes the company $11.4 million has

Kenyan President Ruto withdraws controversial finance bill following deadly protests

Kenyan President Ruto withdraws controversial finance bill following deadly protests  CNNKenya president backs down on tax hikes after deadly unrest  ReutersKenya's Tax U-Turn Highlights Political Realities of Africa's High Debt Burden  The Wall Street JournalWho Is Auma Obama? Former President's Sister Tear-Gassed In Kenya Protests  ForbesKenyan President Rejects Bill That Led to Deadly Protests  The New York Times...

Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes

(Bloomberg) -- Shares of Nvidia Corp., the chipmaker at the center of an artificial intelligence boom, surged on Thursday after a bullish sales forecast showed that AI computing spending remains strong. Most Read from Bloomberg Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes Harvard Students Walk Out of Commencement Protesting Suspensions Citi Trader

GameStop and AMC Shares Soar as Meme Stock Revival Continues

DealBook | Revival of Meme Stock Mania Continues for GameStop and AMC https://www.nytimes.com/2024/05/14/business/dealbook/gamestop-amc-meme-stocks.html U.S. World Business Arts Lifestyle Opinion Audio Games Cooking Wirecutter The Athletic Advertisement SKIP ADVERTISEMENT A heady market rally extended to a second day after Keith Gill, the trader known as Roaring Kitty who rallied small investors to buy out-of-favor stocks in

Ethereum ETF Applicants Ditch Staking Language in ‘Temporary Concession’ to SEC: Analyst

As the Securities and Exchange Commission (SEC) mulls applications for spot Ethereum ETFs—with analysts expecting approval as soon as this week—amended filings from several asset managers have dropped their language around staking. Staking refers to the process through which users delegate Ethereum tokens to the network in exchange for rewards. It became a core component