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Elon Musk And Tesla AI Chief Fire Back At Reports Linking FSD To Fatal Texas Crash As NHTSA Launches Probe
Benzinga54d agobearish
Elon Musk And Tesla AI Chief Fire Back At Reports Linking FSD To Fatal Texas Crash As NHTSA Launches Probe

Tesla Inc. CEO Elon Musk, as well as the company’s AI lead Ashok Elluswamy, on Monday denied claims that the Full Self-Driving (FSD) system was responsible for a fatal crash in Texas that resulted in the death of a woman. This Makes No Sense, Says Elon Musk In a post on X, Musk responded to a post by a user who criticized a report that said a Tesla driver claimed to have engaged driver assistance technology as the Model 3 vehicle crashed into a home in Katy, Texas, on June 19, which resulted in

Short sellers are coming after SpaceX as it sheds post-IPO gains
Yahoo Finance Video54d agobearishVIDEO
Short sellers are coming after SpaceX as it sheds post-IPO gains

Scott Melker discusses the trading volatility and short activity around SpaceX (SPCX) — the Elon Musk-led company's stock shedding its post-IPO gains — especially as it issues its first debt sale since going public. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

AeroVironment (AVAV) Faces Lawsuits And Restates Earnings Over $89 Million Error
Simply Wall St.54d agobearish
AeroVironment (AVAV) Faces Lawsuits And Restates Earnings Over $89 Million Error

AeroVironment (NasdaqGS:AVAV) has disclosed a significant accounting error tied to its space unit, leading to an $89 million goodwill impairment restatement. The company is facing multiple securities fraud class action lawsuits that allege misleading statements about major government contracts. AeroVironment has also reported weaknesses in its internal controls over financial reporting, raising questions about the reliability of past figures. AeroVironment enters this period of scrutiny...

Cerebras Shares Slide After Earnings Miss and Margin Outlook Raises Concerns (CBRS)
InvestorsHub54d agobearish
Cerebras Shares Slide After Earnings Miss and Margin Outlook Raises Concerns (CBRS)

Shares of (NASDAQ:CBRS) fell roughly 14% in premarket trading on Wednesday after the AI chipmaker delivered mixed first-quarter 2026 results, with strong revenue growth overshadowed by an earnings miss and weaker margin guidance. The company, which describes itself as the builder of “the world’s fastest AI infrastructure,” reported revenue of $193.

Mag Seven to Lag Seven: When ‘One Decision’ Stocks Stumble
The Wall Street Journal54d agobearish
Mag Seven to Lag Seven: When ‘One Decision’ Stocks Stumble

​📈 Follow our live markets data and coverage. Wharton School finance professor Jeremy Siegel, a cheerleader for staying invested as the 1990s bull market bubbled higher, made a surprising argument at the time. The boom-and-bust Nifty Fifty stocks of the early 1970s, long trotted out as a cautionary tale of falling in love with one group, weren’t so bad.

YouTube settles social media addiction lawsuit brought by teenager amid tidal wave of court cases
Sky News54d agobearish
YouTube settles social media addiction lawsuit brought by teenager amid tidal wave of court cases

YouTube's owner, Google, has settled a lawsuit brought by a teenager suing the world's biggest social media companies over their role in the youth mental health crisis. The 16-year-old's lawyers said the terms of the settlement were confidential, but that TikTok, Snapchat, and Instagram are still set to face trial in July. Google spokesperson Jose Castaneda said‌ the lawsuit had been amicably resolved.

Investing.com55d agobearish
All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade

Investing.com - Micron Technology reports results after the close today, just one day after a brutal 13.2% plunge. Ahead of the open, MU is indicated roughly 4.6% higher in pre-market trading, a partial recovery that does little to settle the core question investors face tonight: is the analyst community's revenue bar of up to $35.4B simply too high?

Nasdaq Volatility Picks Up During Recent Slump
The Wall Street Journal55d agobearish
Nasdaq Volatility Picks Up During Recent Slump

The tech-heavy Nasdaq composite has slid for four of the past five trading sessions and moved at least 1% on six consecutive trading days. Read more on how recent rallies have left tech stocks vulnerable to reversals.

SpaceX Sells $25 Billion of Bonds, Cuts Interest Costs
Bloomberg55d agobearishVIDEO
SpaceX Sells $25 Billion of Bonds, Cuts Interest Costs

SpaceX sold $25 billion of investment-grade bonds on Tuesday, marking the final step to replace the costly debt that had helped finance Elon Musk's acquisition of X, then known as Twitter, as well as the expensive loans and bonds issued by xAI to bridge its rapid cash drain. Bloomberg's Manuel Baigorri reports.

Asian stocks are mixed after big tech sell-off
Associated Press55d agobearish
Asian stocks are mixed after big tech sell-off

Asian stocks were mixed on Wednesday following a sell-off in big technology stocks from Asia to Wall Street. U.S. stock futures were also trading mixed, as global investors monitor market movements in Japan and South Korea, which have seen big gains in recent months on the global AI boom but both fell sharply on Tuesday. Samsung Electronics was up 3.7% after Tuesday’s 12.3% plummet.

AI blamed for 21,000 layoffs at tech giant
TheStreet55d agobearish
AI blamed for 21,000 layoffs at tech giant

Although it wasn't until early 2023 that AI in general would become part of the global conversation, the current artificial intelligence revolution can be traced back to the release of ChatGPT 3.5 in November 2022. Ever since then, other than the technology's energy consumption, the most ...

Mark Zandi Says Top 20% Of Americans Now Account For Nearly 60% Of Spending As Bottom 80% Fall Behind Inflation
Benzinga55d agobearish
Mark Zandi Says Top 20% Of Americans Now Account For Nearly 60% Of Spending As Bottom 80% Fall Behind Inflation

Moody’s Analytics chief economist Mark Zandi has warned that America’s stark economic divergence remains “firmly intact,” as newly updated data reveal a bruising financial reality in which the bottom 80% of earners are losing the battle against inflation, while top earners dominate national consumption. The Spending Divide Deepens According to Zandi’s updated estimates, households in the top 20% of the income distribution—defined as those earning over $175k annually—now account for an “astoundin