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Top Tesla Investor on Why It’s a Must-Buy Stock
Tesla investor Ross Gerber told Insider why he’s grown more bullish on the stock. Tesla’s move into advertising and the new Twitter CEO bode well for shareholders, he said. “You gotta own Tesla in your portfolio with Elon re-focused,” Gerber said. Ross Gerber has never shied away from giving an honest take on Tesla or … Read more
Is AI a Bubble? BofA Thinks so, and Details What Could Burst It
AI is in a “baby bubble” for now, Bank of America said Friday. What could burst the bubble is the Fed pausing rate hikes and then restarting the cycle. BofA said the dot-com blow-up in the early 2000s had roots in the Fed restarting policy tightening in 1999. Artificial intelligence is this year’s investment craze … Read more
Joe Biden consults with Indo-Pacific leaders, aims to reassure world on US debt standoff
Hoping to avert an outcome that would rattle the global economy and prove to be a boon to Beijing, Biden opened his third day in Japan at the annual Group of Seven meeting of the world’s most powerful democracies with a briefing from his staff on the latest fits and starts in talks over how … Read more
Kevin O’Leary Says Tesla Cybertruck Is ‘Really Ugly’ but Demand Is Huge
Kevin O’Leary said Tesla’s Cybertruck has a “really ugly look” but demand is high. He also told Yahoo Finance that the forthcoming vehicle has strong potential margins. “I want one. I think they’re nuts. And I think it will be a lot of fun to drive a tank,” O’Leary said. “Shark Tank” star Kevin O’Leary … Read more
Supreme Court to Sebi: Submit status of Adani probe within three months, not six
The Supreme Court on Wednesday asked Sebi to submit by August 14 the status of probe into Hindenburg’s allegations of stock price manipulations against Adani group companies but refused to convert the court proceedings into a roving inquiry, including investigations into the alleged role the LIC, which had invested a substantial amount in Adani companies. … Read more
Chalet signs up Taj for the upcoming Airport Hotel
Chalet has an under construction property at Terminal 3 of the Delhi Airport. It is scheduled to be commissioned by FY 26 The property is planned to have 400 rooms The Company has now signed up with Indian Hotels for franchise of the marquee ‘Taj’ brand for this property. Without doubt this is one of … Read more
BSE takes steps to try increase market share
BSE has long been struggling against NSE, which has a dominant market share. In derivatives, BSE’s Average Daily Turnover (ADT) in FY 23 was Rs 1.38 trillion as against Rs 153.5 trillion of NSE i.e., 9% market share In cash market, BSE’s ADT during FY 23 was Rs 4,132 cr vs Rs 53,434 cr at … Read more