Don’t expect much from Tesla going forward, according to Goldman Sachs. Analyst Mark Delaney lowered his price target by $10 to $285, which implies just 0.1% upside, while reiterating his neutral rating on the stock. Delaney cited Tesla’s falling global sales as the key reason behind his lower estimates on the stock. “We’re lowering our Tesla vehicle delivery assumptions and EPS estimates to better reflect weaker monthly datapoints in key regions (e.g. China, the US, and Europe),” he wrote in a Thursday note to clients. “Industry and registration data through May suggests continued yoy weakness in deliveries in key geographies.”…
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Smoke rises as a passenger gets evacuated using the plane’s slides, after an American Airlines jet engine caught fire, in Denver, Colorado, U.S., MARCH 13, 2025, in this screengrab obtained from a social media video.Aaron Clark | Aaron Clark Via ReutersA fuel leak and several improperly installed parts were found inside the engine of an American Airlines plane that caught fire after the plane landed in Denver in March, according to a report released Thursday.The National Transportation Safety Board said one part inside the right engine of the Boeing 737-800 was loose and had been installed in the wrong direction…
One year ago, Apple announced Apple Intelligence, its response to the wave of sophisticated chatbots and systems kicked off by the arrival of ChatGPT and the age of generative AI.Analysts said Apple’s installed base of more than 1 billion iPhones, the data on its device and its custom-designed silicon chips were advantages that would help the company become an AI leader.But it’s been an underwhelming 12 months since then.Apple Intelligence stumbled out of the gate while rivals like OpenAI, Google and Meta have continued to make headway launching new generative-AI models. Now, investors are calling for Apple to do something major…
A Russian ruble coin with a U.S. dollar bill and a quarter dollar coin in Moscow, on Oct. 10, 2023.Alexander Nemenov | AFP | Getty ImagesIn the midst of a long-drawn war, declining oil prices, stiff sanctions, and an economy that’s on the downhill, Russia’s ruble has been rising.In fact, it is the world’s best-performing currency so far this year, according to Bank of America, with gains of over 40%. The ruble’s stunning rally in 2025 marks a sharp reversal from the past two years when the currency had depreciated dramatically. What’s powering the Russian currency?The strength in the ruble…
Strong earnings and a resilient economy amid extreme policy uncertainty this year have uplifted JPMorgan’s view on U.S. equities. Head of global markets strategy Dubravko Lakos-Bujas raised his year-end S & P 500 price target to 6,000 from 5,200. The strategist cited an “encouraging fundamental backdrop” that alleviated investors’ concerns about tariffs’ impact on corporate growth. He added that results such as Nvidia’s confirmed that the AI theme and capital spending boom remains strong. “Absent major policy surprises, the path of least resistance is to new highs supported by Tech / AI led strong fundamentals, a steady bid from systematic…
A Moscow shopping mall pictured earlier this year. Anadolu | Anadolu | Getty ImagesRussia’s central bank on Friday cut interest rates for the first time since September 2022, in a sign that inflation pressures — not long ago described by President Vladimir Putin as “alarming” — are beginning to ease.The Bank of Russia took rates down by 100 basis points to 20%. They had been held at 21% since last October, the highest level since the new benchmark rate was introduced in 2013.The inflation rate in April was 6.2%, it said, down from an average 8.2% across the first quarter of…
A Tesla car dealership stands on June 5, 2025 in the Brooklyn borough of New York City. Spencer Platt | Getty ImagesTesla shares climbed in U.S. premarket trading Friday after tensions between CEO Elon Musk and President Donald Trump fueled a $152 billion rout for the stock a day earlier.Shares of Tesla were up 5.1% in premarket trading as of 5 a.m. ET.Musk and Trump have come to verbal blows in recent days as the Tesla chief’s tenure as head of the U.S. Department of Government Efficiency came to an end last week.Trump initially praised Musk’s handling of DOGE, an…
The spat between U.S. President Donald Trump and Elon Musk, the world’s richest person, entered new territory on Thursday — with Tesla getting caught up in the fallout. What began with Musk publicly slamming Trump’s spending bill has evolved into a full-blown row between the two, with the president threatening to withdraw billions of dollars’ worth of government contracts for Musk’s companies. Musk, meanwhile, claimed Trump would never have won a second term in office without his input in the campaign, and said SpaceX would immediately decommission its Dragon spacecraft due to Trump’s threats to cut funding. As the pair…
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.Loyal United Airlines and JetBlue flyers have a lot to look forward to with the two carriers’ recently announced “Blue Sky” partnership.The new alliance will give United MileagePlus and JetBlue TrueBlue members reciprocal perks when flying — they’ll be able to earn and redeem miles on either airline, enjoy status benefits onboard both and buy flights from either carrier’s website.United Airlines, whose major Northeast hub is at Newark Liberty International Airport, will also have space at New York City’s John F. Kennedy International Airport (JFK) as early as 2027.While not…
Working late, office buildings, Financial District, London.Travelpix Ltd | Stone | Getty ImagesBERLIN — Private equity’s biggest annual gathering is called SuperReturn, but its returns haven’t been looking quite so super of late — leading the industry to urge investors to ride out the uncertainty.At this year’s conference in Berlin, Germany there was a clear acceptance that a previously forecast 2025 boom in M&A and initial public offering activity has not materialized. And that is putting private equity — which ballooned following the Great Financial Crisis as an alternative funding source to risk-averse banks, now rivaling many of them for…
