Investors have been showing a strong interest in technology stocks, particularly in the Asian tech hardware industry. Goldman Sachs, a prominent investment bank, has also expressed their bullish stance on this sector. In a recent note, they outlined the various opportunities for growth and success, including factors such as cyclical recovery, artificial intelligence, and geopolitical
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In a recent report, investment firm Bernstein stated that 2024 “looks tough” for Tesla, particularly in terms of profitability. The firm believes that Tesla will struggle to achieve its target of growing deliveries by 20% in 2024 and 2025, which is well below the company’s goal of 50%. Furthermore, Bernstein predicts that Tesla’s margins and
The U.S. Securities and Exchange Commission (SEC) made a statement on Tuesday denying the approval of bitcoin exchange-traded funds (ETFs) amid a social media hack. A tweet from the SEC’s official Twitter account indicated that the agency had approved bitcoin ETFs for trading. However, the SEC quickly clarified that the tweet was unauthorized and that
Boeing, one of the world’s largest aerospace companies, experienced a significant decline in its shares in premarket trade on Monday. The drop in share value followed the news that the Federal Aviation Administration (FAA) had ordered a temporary grounding of dozens of Boeing 737 Max 9 aircraft. The FAA’s emergency airworthiness directive dictated that approximately
Congressional leaders have recently unveiled a $1.59 trillion spending deal as a race against time ensues to avoid a potential government shutdown. This painstakingly negotiated agreement aims to address the pressing needs of various federal agencies. However, with contrasting policies and party interests at play, the possibility of a shutdown remains a tangible concern. With
The Federal Aviation Administration (FAA) recently issued an emergency airworthiness directive, compelling airlines to ground more than 170 Boeing 737 Max 9 aircraft for thorough inspections. This directive comes in response to an incident where a panel on one of the aircraft blew out during an Alaska Airlines flight. Although no serious injuries were reported,
Lebanon’s Iranian-backed Hezbollah group recently launched a rocket attack against Israel, escalating tensions in the region even further. In response to the attack, Israel struck what it called a “terrorist cell.” The rocket attack and subsequent retaliation occurred while top U.S. and EU diplomats were visiting the region, attempting to find ways to prevent the
In a recent development, Tesla has issued a recall for more than 1.6 million cars in China. The announcement came after state regulators discovered problems with the company’s Autopilot features and locks. While the concerns surrounding the vehicles’ driving assistance feature and noncollision side door are legitimate, Tesla has sought to address the issues through
It has been a challenging year for Alibaba, the Chinese tech giant that once seemed unstoppable. With the rise of artificial intelligence and its potential for growth, the company’s cloud computing unit was poised to lead the way in a public listing. However, those plans were abruptly pulled in November, casting doubt on Alibaba’s future.
Uncertainty is plaguing the minds of U.S. Federal Reserve officials as they grapple with the decision of whether or not to implement interest rate cuts in 2024. The recent minutes from the Federal Open Market Committee meeting in December reveal a general inclination towards rate cuts, but there remains an “unusually elevated degree of uncertainty”