Nvidia’s stock outlook remains promising, driven by skyrocketing demand for its GPU chips, as highlighted by insights from Morgan Stanley following their meetings with the company’s leadership. The chipmaker’s Chief Executive Officer Jensen Huang and Chief Financial Officer Colette Kress emphasized that they are at the beginning stages of a…...

On October 14, the United States will observe Columbus Day and Indigenous Peoples’ Day, both of which are recognized as federal holidays. While stock and bond markets usually adhere to the federal holiday schedule, the New York Stock Exchange (NYSE) and Nasdaq will be open for business as usual this…...

The national outbound tender rejection index (OTRI), a critical measure of truckload capacity in the freight transportation market, observed a significant rise from 5.13% to 5.62% in just a day from October 8 to October 9. This spike coincided with Hurricane Milton approaching Florida. Such a jump represents the largest…...

Tesla’s (TSLA) stock took a significant hit, sinking over 7% midday on a Friday, following investor disappointment with the company’s much-anticipated robotaxi debut event titled “We, Robot.” This event, aimed at strengthening CEO Elon Musk’s standing as a leader in AI technology, ultimately left many investors and analysts feeling skeptical…...

Elon Musk recently introduced Tesla’s new self-driving vehicle, the Robotaxi, during an event at Warner Bros. Studios in California. Scheduled to hit the market by 2026, the Robotaxi is a sleek, two-seat vehicle devoid of traditional driving elements such as a steering wheel or pedals. According to Musk, the projected…...

On Friday morning, Tesla’s (TSLA) stock experienced a notable decline, falling approximately 7.5% after the company’s much-anticipated reveal of its robotaxi prototype, the Cybercab, did not meet investor expectations. Previously, the stock had already dipped about 6% during pre-market trading and closed down nearly 1% on Thursday. Elon Musk, Tesla’s…...

Former President Donald Trump has reignited discussions regarding the U.S. corporate tax landscape with his proposal to reduce the federal corporate tax rate from 21% to 15%. This initiative has generated polarized opinions among economists, policymakers, and the business community. Proponents argue that such a reduction is vital for stimulating…...

Munich Re Specialty, a division of Munich Re, the global reinsurer, has declared its intention to enter the Spanish insurance market, focusing specifically on the primary specialty sector. This ambitious initiative anticipates commencing operations in 2025 with the establishment of a local branch under the auspices of Munich Re Risk…...

U.S. stock futures experienced a slight decline on Friday as investors assessed the potential implications of higher-than-expected inflation data on Federal Reserve policy and prepared for the earnings reports from major U.S. banks, a significant marker of the earnings season. Early trading saw the Dow Jones Industrial Average and the…...

A multibillion-dollar initiative to enhance South Africa’s electricity transmission network anticipated to infuse vitality into the struggling corporate bond market has been launched. The National Transmission Company South Africa (NTCSA), a new state-owned entity operating independently from Eskom Holdings SOC Ltd., announced a substantial investment of 112 billion rand ($6.4…...

On Friday, Asian stock markets exhibited a mixed performance, primarily influenced by declines in Chinese stocks amidst investor anticipation for an important government briefing regarding a forthcoming fiscal stimulus plan. The Shanghai Composite Index decreased by 1.6% to 3,249.14, and the CSI 300 Index saw a more significant drop of…...