Category: Latest News
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Musk Announces Tesla Robotaxi Launch in Austin for Sunday Afternoon
After driverless Tesla Model Y vehicles were spotted navigating the streets of Austin, Texas, on Sunday morning, CEO Elon Musk confirmed via his platform X that Tesla’s robotaxi service would officially launch later that day. Rides will be offered at a flat rate of $4.20. A Reuters reporter observed several driverless Teslas operating in the…
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S&P 500, Dow Jones, Nasdaq Stock market futures on edge after Trump bombs Iran nuclear sites
Stock market futures are uncertain following President Trump’s airstrikes on Iranian nuclear sites, affecting investor sentiment. The S&P 500 has shown mixed results, with a further decline noted on Friday. Fed Chair Powell reinforces a cautious stance on interest rates, while Trump intensifies rhetoric against Powell. Meanwhile, Tesla’s robotaxi service launches soon, potentially impacting Uber.…
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Oil Prices and the Potential Fallout of Further Destabilizing Iran
Crude oil markets have seen notable gains following Israel’s recent missile attacks on Iran, with concerns growing that U.S. involvement could dramatically escalate the conflict. Analysts at JPMorgan are cautioning that destabilizing Iran could have significant, unintended consequences for global oil prices and geopolitical stability. In a report released on June 18, JPMorgan analysts emphasized…
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Stocks Mixed as Chip Sector Drags on S&P 500
U.S. equity markets wrapped up Friday on a mixed note, with the S&P 500 (SPI:SP500) slipping 0.3% as a decline in semiconductor shares overshadowed dovish comments from a leading Federal Reserve official, who suggested interest rate cuts could come as early as the next policy meeting. The Dow Jones Industrial Average posted a modest gain…
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Markets Dip as Trump’s Iran Decision Looms: Key Drivers
U.S. stock futures edged lower as investors remain concerned about possible U.S. involvement in the escalating conflict between Israel and Iran. The White House stated that President Donald Trump will decide on the matter within two weeks. Meanwhile, European diplomats are meeting with Iranian officials to try to ease tensions. Despite falling on Friday, Brent…
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Bitcoin Remains Stable Near $104K as Trump’s Comments on Iran Offer Limited Market Relief
Bitcoin saw a slight dip on Friday, while the broader cryptocurrency market showed minimal change despite a modest improvement in risk sentiment after U.S. President Donald Trump announced a delay in deciding whether to launch an attack on Iran. The world’s leading cryptocurrency was positioned for a second straight week of small losses, trading in…
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Gold Prices Fall as Trump Postpones Decision on Iran Strike by Two Weeks
During Friday’s Asian trading session, gold prices declined, reflecting a modest rise in risk appetite following statements from the White House suggesting that a U.S. strike on Iran related to the Israel conflict is not imminent. The precious metal remained pressured after earlier in the week hawkish comments from the Federal Reserve bolstered the U.S.…
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Oil Prices Slide as Trump Postpones Decision on Potential Iran Strike
During Friday’s Asian trading session, oil prices took a notable downturn, giving back some of their recent gains after the White House revealed that President Donald Trump would delay a decision on intervening in the escalating conflict between Iran and Israel by two more weeks. Despite this decline, crude oil remains positioned to register its…
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Apple Taps Indian Manufacturers to Produce Equipment for iPhone Assembly
Apple Inc. (NASDAQ:AAPL) is actively collaborating with Indian firms to locally manufacture the specialized equipment required for assembling its flagship iPhone models in India, according to Business Standard. This initiative forms part of Apple’s wider plan to boost its production capabilities within the country. The tech giant, headquartered in California, is looking to procure production…
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Dow Jones Futures Dip as Trump Considers Iran Strike; U.S. Markets Closed for Juneteenth
Dow Jones futures fell sharply early Thursday, alongside S&P 500 and Nasdaq futures, as growing tensions between Israel and Iran weighed on investor sentiment. U.S. stock markets are closed Thursday in observance of the Juneteenth holiday. The stock market ended Wednesday mixed. Former President Donald Trump hinted at involvement in the Israel-Iran conflict, saying he…