Global Markets
Tesla Short Sellers Defy Musk's 'Obliteration' Warning, Netting $9 Billion This Year
Despite CEO Elon Musk's past warnings of 'obliteration,' Tesla short sellers, including Bill Gates, have collectively earned an estimated $9 billion this year. This significant profit highlights growing skepticism towards Tesla's stock amidst intense EV market competition and slowing demand.
U.S. Urges Apple to Shun Chinese Memory Chips Amid Supply Squeeze
The U.S. government is pressuring Apple to avoid Chinese memory chip suppliers due to national security concerns, according to a Wall Street Journal report. This stance clashes with Apple's efforts to diversify its supply chain amidst a global chip shortage.
Markets Maintain Unusual Calm Amid Investor FOMO Rally
Fed rate hold expectations and strong AI corporate earnings drive market up, but concerns over excessive optimism persist.
US Stocks Advance on Soft Inflation Data, Strong Earnings; S&P 500 Hits Record High
Major U.S. stock indexes closed higher, with the S&P 500 achieving a new record high, on the back of easing inflation and robust corporate earnings. The softer inflation figures bolstered expectations for the Federal Reserve to hold interest rates steady.
China Aims to Become Manufacturing Hub for Muslim World
China is positioning itself as the primary manufacturing base for the global halal market, linking this ambition to its Belt and Road Initiative despite facing scrutiny over human rights.
Super Micro's Strong Earnings Report Fuels Stock Surge Amid Robust AI Server Demand
Super Micro Computer's latest earnings report and optimistic future guidance have propelled its stock higher. Record orders highlight surging AI server demand, though concerns over cash flow and past accounting issues persist as potential risks.
U.S. July Jobs Report Lands Tonight at 9:30 PM KST — Three Scenarios to Watch
Wall Street expects 83,000 new jobs and a 4.2% unemployment rate. A soft ADP print of 44,000 has raised the odds of a miss.