Author: Fiona Craig
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RBC Predicts S&P 500 May Dip Below Current Levels by End of 2025
In a recent client note, RBC Capital updated its year-end 2025 target for the S&P 500 to 5,730, a modest increase from their previous projection of 5,550. However, the firm cautions that despite this higher target, the index is still likely to experience a decline from current levels before the year closes. RBC analysts described…
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Tesla Executives Surprised by Musk’s Public Denial of Affordable EV Cancellation – Reuters
Last year, several high-ranking Tesla Inc (NASDAQ:TSLA) executives were taken aback when Elon Musk publicly denied a Reuters report that claimed the company had scrapped its plan to develop a $25,000 electric vehicle, sources told Reuters. Shortly after Reuters published the report on April 5, 2024, Musk took to X (formerly Twitter) to call the…
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Moderna Shares Climb After FDA Approval of Next-Gen COVID-19 Vaccine
Moderna (NASDAQ:MRNA) saw its stock rise nearly 5% in premarket trading on Monday following the U.S. Food and Drug Administration’s approval of its next-generation COVID-19 vaccine, mNEXSPIKE. The vaccine is authorized for use in adults aged 65 and older, as well as individuals aged 12 to 64 who have at least one underlying condition that…
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Tesla and ‘Magnificent Seven’ Stocks Slip in Premarket on Rising Trade Concerns
In early Monday trading, Tesla (NASDAQ:TSLA) and six other major tech stocks, collectively known as the ‘Magnificent Seven,’ saw modest declines amid growing worries over global trade tensions and geopolitical instability. The group includes Tesla, Alphabet (NASDAQ:GOOGL), Nvidia (NASDAQ:NVDA), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT). Tesla shares dropped 2.1%, while Alphabet bucked…
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Chip Stocks Drop as U.S. Moves to Tighten Technology Controls on China
On Monday, semiconductor stocks declined amid news that the U.S. administration under President Trump is set to strengthen restrictions on China’s tech industry by broadening existing regulations to cover subsidiaries of companies already under sanctions. A report from Bloomberg on Friday detailed a proposed rule requiring U.S. government approval for any transactions involving companies majority-owned…
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Tesla Declines EV Manufacturing in India Despite New Incentive Policy
Tesla (NASDAQ:TSLA) has opted not to establish a manufacturing base in India, despite the Indian government’s rollout of a new electric vehicle (EV) policy intended to attract global automakers, a government official confirmed on Monday. The revised policy, which took over a year to finalize, was widely viewed as a strategic effort to lure Tesla…
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Dow Jones, S&P, Nasdaq, U.S. Markets Pull Back Amid Renewed China Tensions, Fed Rate Cut Hopes, and Oil/Crypto Gains
U.S. stock futures slid on Monday, pressured by mounting trade tensions between Washington and Beijing, just as hopes for a Federal Reserve interest rate cut later this year remained in play. Meanwhile, crude oil prices and Bitcoin both made strong moves upward, providing contrasting signals in the broader financial landscape. U.S.-China Friction Reignites Fears of…
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OPEC+ May Consider Larger Oil Production Hike for July Amid Internal Pressures
The OPEC+ alliance is reportedly weighing a more substantial oil production boost for July, potentially exceeding the previous monthly increases of 411,000 barrels per day (bpd) seen in May and June, according to a Reuters report released Friday. While the alliance had initially agreed on gradual increases, eight member nations have already accelerated their output,…
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Ex-Williams-Sonoma VP Shares Insights on Tariff Navigation and Global Sourcing Shifts
In a recent interview with In Practise, a former Vice President of Sourcing & Product Development at Williams-Sonoma Inc. (NYSE:WSM) offered a behind-the-scenes look at how the home furnishings retailer has managed supply chain disruptions and tariff-related challenges. The executive detailed the company’s strategic adaptations, particularly in shifting production away from China to mitigate cost…
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Why Tesla Matters More to Elon Musk Than Ever: Humanoids, BYD, and More
According to Morgan Stanley analysts, Tesla (NASDAQ:TSLA) may have become more crucial to Elon Musk’s ambitions than ever before. The electric vehicle giant is viewed as a cornerstone of U.S. competitiveness in artificial intelligence and robotics. The bank noted, “Elon Musk runs 5 companies… He has control of the 4 private ones but owns just…