Tesla ordered to pay $329M over fatal autopilot crash in Florida
A federal jury in Miami has ruled that Tesla must pay $329 million in damages in connection with a fatal 2019 crash involving its Autopilot system. The case, which was…
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Why Friday’s sell-off in S&P 500 was not surprising and what comes next
US stocks kicked off August with a sharp retreat as the Trump administration announced reciprocal tariffs on several countries – with levies ranging from 10% to 41%. A disappointing monthly…
Retail investors shift focus to Europe as US valuations stretch
As retail traders begin to tire of short-lived rallies in meme stocks like Krispy Kreme and Kohl’s, a broader and potentially more sustainable trend is taking shape in global markets.…
Berkshire Hathaway posts 4% dip in Q2 operating profit, writes down Kraft Heinz stake
Warren Buffett’s Berkshire Hathaway reported a 4% year-on-year decline in second-quarter operating profit on Saturday, underscoring the toll of falling insurance premiums and broader economic uncertainty. Operating income dropped to…
Coinbase earnings highlights and COIN stock implications
Coinbase stock price crashed by over 10% on Friday after the company published its financial results and as Bitcoin plunged below $115,000. COIN dropped to $335, down by over 24%…
Valereum joins UK firms adopting BTC treasuries with £500,000 raise
Valereum Plc, a fintech company based in the UK, has set its sights on building a Bitcoin treasury reserve by raising £500,000 through a share issuance. The fundraising move, announced…
Metaplanet files $3.69 billion stock plan to fund 210,000-Bitcoin target by 2027
Japanese Bitcoin investment firm Metaplanet has set out one of the most ambitious financing plans in the digital asset sector, filing a shelf registration on August 1 to raise up…
Amazon shares fall more than 8% premarket as AWS growth disappoints investors
Shares of Amazon.com dropped by more than 8.6% in premarket trading on Friday, as investors responded with concern to the company’s second-quarter results, which showed cloud computing unit Amazon Web…
BYD’s July sales stall, casting doubt on 2025 delivery target
BYD Co. reported flat year-on-year sales growth in July, delivering 344,296 vehicles, a mere 0.6% increase from the same month last year. The figure also marked a 10% decline from…
US stock plunge as jobs data disappoints and tariff tensions rise
US stocks opened under pressure on Friday as investors digested signs of a softening labor market and escalating tariff tensions. The benchmark S&P 500 index was down 1.22%. The Dow…