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Tesla (TSLA) reported second-quarter vehicle deliveries that comfortably exceeded Wall Street expectations on Thursday, signaling a significant rebound in demand as the electric-vehicle maker navigates an increasingly competitive global market.The company delivered 480,126 vehicles worldwide during the second quarter, according to a statement released Thursday.The result came in well above analyst expectations. FactSet estimates had pointed to deliveries of approximately 409,000 vehicles, while Tesla’s company-compiled consensus forecast stood at roughly 406,000 units.The stronger-than-expected performance marks a notable recovery for Tesla after a challenging period. Vehicle sales came under pressure from slowing electric-vehicle demand, rising competition, and political controversies surrounding Chief…
The loudest story on Meta ($META) in mid-2026 is that the company is “incinerating capital” — that a $125 billion-to-$145 billion capital-expenditure bill for AI data centres is value destruction dressed up as ambition. That framing is not just bearish; it is probably backwards. Meta Platforms (META) trades at $612.91 as of July 1, 2026, and the variable that will decide its 2026, 2027 and 2030 price is not how much it spends on AI, but whether that spend becomes a revenue line rather than a cost sink. In late June the company began selling AI compute — locking in…
Why Is Robinhood Launching Its Own Chain? Robinhood has launched the public mainnet of Robinhood Chain, an Ethereum Layer 2 network built using Arbitrum’s technology stack, as the company moves deeper into tokenized assets, decentralized finance, and international crypto products. The launch was presented as part of a wider global expansion plan, with executives outlining new products designed to connect traditional finance with DeFi infrastructure. The company described Robinhood Chain as permissionless, AI-native, and purpose-built for real-world assets, with day-one partners including Uniswap, Pleiades, Alchemy, BitGo, and Chainlink. Uniswap is deploying a dedicated automated market maker on the network to…
Shopify stock has rebounded in the past few weeks, moving from the year-to-date low of $94.47 to the current $121.63. This rebound may continue, helped by its modest revenue growth and encouraging technicals.Shopify stock jumps after crucial settlementShopify, the operator of the biggest e-commerce software, soared after reaching a settlement with Shopline, a company owned by Joyy, a publicly-traded company. The two companies asked a judge to bar Shopline from distributing its software. In a statement, Shopify said that Shopline had copied its Dawn theme, rebranded it, and sold it against it. Its chief counsel said:”We took them to court and…
AeroVironment Inc. (AVAV) shares rose 4% in premarket trading on Thursday after the US Department of War awarded the defense contractor a $500 million contract for counter-unmanned aerial systems.The Simi Valley, California-based company received a firm-fixed-price contract to procure commercial counter-unmanned aerial systems and counter small-unmanned aerial systems capabilities. According to the Department of War, work locations and funding will be determined with each order placed under the agreement, which is expected to run through June 29, 2029.Army Contracting Command, Detroit Arsenal, Michigan, is the contracting activity for the agreement, which carries contract number W912CH-26-D-A073.The contract announcement added to investor…
Taiko reopened its cross-chain bridge after moving through a four-stage recovery from a June 21 attack that drained roughly $1.7 million, letting users shift funds between its Ethereum layer-2 network and the Ethereum mainnet again and confirming that every bridged asset now holds full one-to-one backing. The reopening followed a week in which Taiko urged users to pull funds from every bridge on the network and paused its systems after confirming that its chain-state verification mechanism had been compromised. The team sealed the attack path, brought in independent security experts to review its fixes, and sequenced the restart so that…
The Vanguard S&P 500 ETF (VOO) stock has pulled back in the past seven consecutive days and is hovering at its lowest level since June 11. There is a risk that the recent stock market rally is about to take a breather. S&P 500 Index has fallen despite some major good newsThe S&P 500 Index and its top ETFs, like VOO and SPY have pulled back despite some good news, including the recent US-Iran deal that has pushed crude oil pricesmuch lower than where they were a few months ago. Brent has dropped to $70, while the West Texas Intermediate (WTI)…
Micron Technology’s MU shares fell sharply on Friday, giving up part of the gains recorded earlier in the week despite the memory chipmaker reporting stronger-than-expected quarterly results.The stock declined nearly 5% in premarket trading as weakness spread across the broader semiconductor sector. Other US chipmakers also traded lower, with Intel down just over 3%, Sandisk falling 5%, Arm shedding 4%, and Marvell declining 3.7%.The decline came as investors remained cautious about the rising costs associated with artificial intelligence infrastructure, triggering a broader sell-off across global semiconductor stocks.Semiconductor stocks under pressure worldwideThe weakness extended beyond the United States.In Europe, ASML fell…
Forget the reflex that says memory chips are dumb commodities doomed to boom and bust. The single most important number in Micron Technology’s (NASDAQ: MU) fiscal third quarter is not the record $41.5 billion in revenue or the roughly 85% non-GAAP gross margin — it is the $22 billion in customer cash deposits the company has already collected against memory it has not yet shipped (TechTimes). Customers do not pre-pay billions for a commodity. They pre-pay for something they are terrified of not getting. With MU trading near $1,048 after a roughly 700% one-year run that pushed its market capitalisation…
A Northern California trader has pleaded guilty to operating a years-long spoofing scheme that manipulated thinly traded U.S. securities through more than 3,000 deceptive trades, marking another significant enforcement action against market manipulation in U.S. equity markets. Mingran Wang, 52, of Fremont, California, admitted in federal court that he orchestrated thousands of instances of manipulative trading between 2021 and 2024 by placing large orders he never intended to execute, creating false market signals that allowed him to profit from genuine trades placed on the opposite side of the market. The guilty plea highlights the Justice Department’s continued focus on sophisticated…