Author: Jordan

Tesla (TSLA +2.45%) isn’t a stock being valued for what it is now but rather for what it could become in a few years’ time. That future largely depends on its robotaxi and Optimus initiatives, with the former being the key near-term catalyst. While the robotaxi rollout has been far slower than anticipated, Tesla is beginning to show some incremental progress, however small, that shouldn’t be dismissed by investors. It’s something that, alongside increasing approvals for full self-driving (FSD) in Europe, can build investor confidence in the stock. Tesla’s expanding unsupervised robotaxi fleet To be clear, this isn’t the rollout…

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It was a corrective day of trade for the markets on Thursday. The Nifty opened lower, remained in negative territory throughout the day, and closed on a negative note. After a weak start, the Nifty weakened further to form the low point of the day in the morning session. The markets did see some recovery from the lows in the second half; however, the headline index closed with a net loss of 180.10 points (-0.74%).IT stocks have seen major Source link

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Thomas Cook (India) Ltd on Thursday announced an expansion of its prepaid forex card to 28 currencies, adding 16 new currencies to its existing portfolio of 12 — creating one of the widest currency offerings on a prepaid forex card in India.The newly added currencies include the Chinese Yuan, Vietnamese Dong, Malaysian Ringgit, Indonesian Rupiah, South Korean Won, Philippine Peso, South African Rand, Kuwaiti Dinar, Bahraini Dinar, Qatari Riyal, Omani Riyal, Hong Kong Dollar, Bangladeshi Taka, Swedish Krona, Danish Krone and Norwegian Krone. These join existing currencies such as the US Dollar, Euro, British Pound and Japanese Yen. The expanded…

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…

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Change within the financial environment of rural India never comes with any fanfare; rather, it occurs through behaviour changes, preferences, and shifting levels of trust. One such transformation that has taken place over the course of the last decade involves the way borrowers from semi-urban and rural areas have gained access to credit. The days spent waiting at the back of the lines outside traditional bank branches, which once formed an essential part of the process of borrowing, have slowly begun to become obsolete. The reason for this phenomenon is far deeper than just the matter of convenience. Rather, it…

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Researchers call for narrower eligibility, more support for senior citizens living below poverty line as goverment prepares basic pension reform A pensioner fills out a form at a welfare center in Cheongju, North Chungcheong Province, to apply for a government stipend on April 27. (Yonhap) The share of South Korea’s public finances spent on the basic pension could nearly double by 2048 unless the government narrows eligibility and overhauls the program, a study showed Sunday.According to the study published in the Korea Journal of Public Finance, basic pension spending is projected to rise from 3.08 percent of government finances in…

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The first-quarter earnings report for Robinhood Markets (HOOD +1.06%) illustrates how widespread the downturn in cryptocurrency has been this year. The falloff is not only hurting digital currencies and the investors who hold them, but also stifling the returns of some companies, such as Robinhood. Robinhood, an online broker that offers commission-free stock trading, as well as access to options, cryptocurrency, and prediction markets, posted revenue of $1.07 billion in the first quarter, up 15% from a year ago. But the market punished Robinhood stock, sending shares down 14% immediately after the report, because revenue growth slowed significantly from the…

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Artificial intelligence (AI) seemed a boon to tech stocks until investor sentiment shifted in 2026. AI was suddenly seen as a disruptor to many businesses, particularly those operating in the software-as-a-service (SaaS) sector. This led to the “Saaspocalypse,” where SaaS stocks experienced a widespread sell-off. According to Goldman Sachs, the reaction went overboard. CEO David Solomon described the sell-off as “too broad,” and believes AI won’t create the sweeping destruction dreaded by Wall Street, stating, “There’ll be winners and losers, and, you know, plenty of companies will pivot and do just fine.” The situation has created an opportunity to pick…

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