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TC Energy Faces Setback In Pursuit Of NAFTA Damages: Details
TC Energy Corporation (NYSE:TRP) shares are trading slightly lower premarket today. The company expressed disappointment after the Tribunal overseeing its claim for over $15 billion in damages has determined in a jurisdictional ruling that the claim cannot proceed. The claims resulted from the January 20, 2021 revocation of the Presidential Permit for the Keystone XL Project. The Tribunal’s decision, based on Annex 14-C of the USMCA replacing NAFTA on July 1, 2020, found that while investments under NAFTA were protected until July 1, 2023, this protection applies only to breaches occurring before July 1, 2020. Thus, the Tribunal concluded it lacked jurisdiction to...
Tesla Files Trademark Applications For Cyberberry And Supercharged Gummies, Years After CEO Elon Musk Teased Making His Own Candy Company
EV giant Tesla Inc (NASDAQ:TSLA) has filed four trademark applications for four different candies named after its many EV products, in what seems to be an attempt at fulfilling its CEO’s dream for better candies in the U.S. What Happened: The trademark applications are for four pieces of candy named Cyberberry, Supercharged Gummies, Mango Bolt, and Dog Mode Chill. The applications have been accepted by the United States Patent and Trademark Office but have not been assigned to an examiner yet. Musk has previously teased making his own candy company. “I'm starting a candy company & it's going to be amazing,”...
From Warren Buffett-Style Annual Meetings To Social Media Strategy: Here's How Bill Ackman Plans To Bolster His $25B Investment Fund, Pershing Square USA
Bill Ackman, the billionaire investor, is planning to use his social media presence and a Warren Buffett–like annual meeting to bolster his new investment fund. What Happened: Ackman is currently promoting a U.S.-based investment fund, Pershing Square USA, which is set to go public. The fund, with a potential value of up to $25 billion, is expected to be one of the largest IPOs ever, competing with major entities like Saudi Aramco and Alibaba, reported Financial Times. He has been using his significant social media following, which has grown over the past year due to his vocal opinions on political and social...
Homes Are Shrinking Fast, With Hallways Being The First To Go
American homes are getting smaller in an era of soaring home prices and stubborn mortgage rates. And in the downsizing trend, one familiar feature is rapidly disappearing — the hallway. According to a report issued by Realtor.com, the median size of newly constructed single-family homes has shrunk to 2,140 square feet in the first quarter of this year, down 116 square feet from the previous year. The shift departs from the "McMansion" era that dominated pre-pandemic housing trends. Don't Miss: Rory McIlroy’s mansion in Florida is worth $22 million today, doubling from 2017 — here’s how to get started investing in real estate...
Why J.B. Hunt Transport Services Shares Are Falling Today
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares are trading lower after the company reported second-quarter 2024 results. Operating revenue fell 7% Y/Y to $2.93 billion, missing the consensus of $3.05 billion. Revenue declined mainly due to a 5% drop in gross revenue per load in Intermodal (JBI), coupled with decreased load volumes: 25% in Integrated Capacity Solutions (ICS), 9% in Truckload (JBT), and 9% in Dedicated Contract Services (DCS). Meanwhile, the Final Mile Services (FMS) segment saw a 5% revenue growth, driven by new contracts implemented over the past year, alongside a 5% increase in revenue per load in ICS. Total operating revenue, excluding fuel surcharge revenue, decreased by around 6% Y/Y...
As 'Billionaire Boys' Go All In For Trump, Anthony Scaramucci Has Word Of Caution: 'Tonic They Are Prescribing Will Be Bad For America And The World'
Republican presidential nominee Donald Trump in an interview with Bloomberg provided a glimpse into what a potential second term for him would look like. As fund managers, business leaders and billionaires gravitate toward him in droves, with the move more pronounced recently, former White House Director Anthony Scaramucci weighed in with his thoughts on the development. Superficial Analysis: “The billionaire boys are all in for Trump,” said Scaramucci in a post on X, formerly Twitter. A cursory analysis showed that they expected lower taxes and pro-business regulation to be good for companies and America. During the interview, Trump said he would bring...
Trump's Second Term Could Trigger Global Inflation, Warn Analysts: '2024, 2025 Is Going To Be Very Different'
The possibility of a second term for former President Donald Trump is raising concerns among analysts, who predict that his “America-first” policies could lead to a surge in global inflation. What Happened: Analysts are warning that Trump’s re-election could have inflationary consequences, CNBC reported on Tuesday. Trump’s first term, characterized by high tariffs and low taxes, could have an even more pronounced inflationary effect if repeated. “There’s a bigger risk that Trump’s policies will be more inflationary in a second term than they would have been in the first,” said Michael Metcalfe, head of macro strategy at State Street Global Markets. "Compared to...
Why Bloom Energy Group Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket
Shares of Bloom Energy Corporation (NYSE:BE) rose sharply in today's pre-market trading after the company announced a strategic partnership with CoreWeave. Bloom Energy said it entered into a partnership to deploy its proprietary fuel cells to generate on-site power for CoreWeave at a high-performance data center in Illinois. Bloom Energy shares jumped 12.1% to $16.90 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Shimmick Corporation (NASDAQ:SHIM) gained 53% to $3.09 in pre-market trading after the company received a $27.6 million subcontract for the Sunol Valley Water Treatment Plant Ozonation Project. Aptevo Therapeutics Inc. (NASDAQ:APVO) shares rose 39.3% to $0.46 in pre-market...
As Nvidia, Microsoft, And Google Lead AI Boom, Taiwan's Chief Telecom President Calls For 'Entirely New' Data Center Infrastructure
In response to the exponential growth of generative artificial intelligence, Taiwan’s leading data center operator, Chief Telecom, is advocating for a complete overhaul of data center infrastructure. Why It Matters: Jacky Liu, President of Chief Telecom, believes that the current data center infrastructure is inadequate to support the demands of AI servers. He asserts that a complete redesign of data centers and their supporting infrastructure is necessary to accommodate the AI boom, reported Nikkei Asia on Wednesday. “The new type of buildings to accommodate data center servers that are able to do AI computing requires massive upgrades and a total redesign of...
What's Going On With Exxon Mobil Shares Today?
Exxon Mobil Corporation (NYSE:XOM) reportedly shut down its 251,800 barrels per day Joliet, Illinois refinery on Monday due to a power outage caused by a storm. The refinery shutdown occurred due to severe weather conditions involving heavy wind and rain on Monday night, reported Reuters. The Joliet refinery primarily processes Canadian crude oil and has a production capacity of approximately 9 million gallons per day of gasoline and diesel. The report quoted one of the sources stating, “Situations like this take time to recover as they will have to see if the sudden shutdown did damage to any of the units.” Yesterday, Exxon Mobil stated...
What's Going On With Alibaba And Peer Chinese Stocks On Wednesday?
Alibaba Group Holding Limited (NYSE:BABA) and its peers, including Baidu, Inc (NASDAQ:BIDU), PDD Holdings Inc (NASDAQ:PDD), Bilibili Inc (NASDAQ:BILI) harboring artificial intelligence ambitions could face a rough ride as the U.S. government intensifies its semiconductor sanctions against China. The Biden administration, facing resistance to its semiconductor restrictions on China, has informed allies that it is considering the strictest trade measures available if crucial providers of chipmaking machinery like Tokyo Electron Ltd and ASML Holding (NASDAQ:ASML) continue providing advanced semiconductor technology to China. The U.S. is contemplating using the Foreign Direct Product Rule (FDPR), which allows it to impose controls on foreign-made products...
Boeing Delivers Critical Core Stage for NASA's Lunar Mission: Details
The Boeing Company (NYSE:BA) has delivered the second core stage of the Space Launch System (SLS) rocket to NASA. Built at NASA’s Michoud Assembly Facility, this stage will send the Artemis II crew into lunar orbit for the first time in 50 years. The Boeing-built rocket stage, the largest component of the Artemis II mission, will be transported 900 miles to NASA’s Kennedy Space Center via the Pegasus barge. Upon arrival at Kennedy Space Center, the core stage will be integrated with the upper stage, solid rocket boosters, and NASA’s Orion spacecraft in the Vehicle Assembly Building. Read: Boeing’s Turbulence Sends Kaiser Aluminum’s Short...
Cybertruck Completes 1 Year: Here's How Much You Would Have Today If You Invested $1,000 In Tesla When It Made The First EV Truck At Giga Texas Last Year
EV giant Tesla Inc (NASDAQ:TSLA) announced the completion of its first Cybertruck on July 15 last year. Since then, the company has ramped up both deliveries and production, while Tesla’s share price has slumped. What Happened: On July 15, 2023, Tesla shared an image of its first Cybertruck built at Giga Texas, and surrounded by the many employees at the factory. The company subsequently started deliveries in late November and has been ramping production since, per third-party estimates and comments by company executives, including CEO Elon Musk. Tesla, however, does not provide a model-wise breakdown of its delivery numbers. Production Ramp-Up: Tesla...
As Tesla Stock Bounces Back, Fund Manager Says Elon Musk-Led Company Offers 'Good Setup' Into Q2 Earnings Next Week: This Is the Key Variable To Watch Out For
Tesla, Inc. (NASDAQ:TSLA) stock has resumed the rally after a report suggesting the postponement of the Aug. 8 robotaxi unveil event, dragged the stock sharply lower last Thursday. A fund manager, who is bullish on the electric vehicle maker, said the stock “still offers a good setup into 2Q earnings next week.” Upside Surprise In Offing? Elon Musk-led EV giant is scheduled to report its second-quarter results after the market closes on July 23. Analysts, on average, expect the company to report earnings per share of $0.62, sharply down from the $0.91 reported for the year-ago quarter. Revenue may have slipped...
By Dumping 50K Seized Bitcoins At The Wrong Time, Germany Lost An Amount Worth More Than Bhutan's And Gambia's GDPs Today
After weeks of relentless selling, the German government sold off the final tranche of its Bitcoin (CRYPTO: BTC) holdings last Friday. Interestingly enough, the market unexpectedly rose immediately after. What Happened: Nearly 50,000 Bitcoins recovered from asset seizures were dumped by the government in the last three weeks, exerting significant downside pressure on the price of the digital currency. Indeed the price struggled to break above $60,000 during this period, even plunging to a four-month low of $54,000. However, true to its unexpected nature, the market rebounded strongly a day after the German Government ran completely out of the asset. Since then, King...
Democratic Senator Who Called Bitcoin An Ideal Choice For Criminals Found Guilty Of Accepting Bribes In Gold, Cash And Luxury Car
Sen. Bob Menendez (D-N.J.), who once denounced Bitcoin (CRYPTO: BTC) as an "ideal choice for criminals," was found guilty of accepting bribes in gold and fiat currency during his corruption trial. What Happened: In a press release shared by the Department of Justice Tuesday, Attorney Damian Williams remarked, "This case has always been about shocking levels of corruption. Hundreds of thousands of dollars of bribes, including gold, cash, and a Mercedes-Benz. This wasn't politics as usual; this was politics for profit.” A Reuters report revealed that Menendez has pleaded not guilty to the charges and would appeal in a higher court. The case...
Reddit (RDDT) Vs. Trump's DJT: How 2 High-Profile Social Media Stocks Have Fared Since March Listings
Social media stocks Reddit, Inc. (NYSE:RDDT) and Trump Media & Technology Group Corp. (NASDAQ:DJT) were among high-profile public listings in March and their fortunes have diverged. Here’s a rundown on how the shares have fared since their listings vis-a-vis fundamentals and what lies ahead. TMTG’s Roller-Coaster Ride: TMTG, the parent of the Truth Social platform, is owned by Republican presidential candidate Donald Trump, and the company completed a long-delayed merger with the SPAC Digital World Acquisition Corp on March 25. The shares of the company began trading on the Nasdaq on March 26. Ahead of the listing, the shares of the...
Kim Jong Un's 'Cuba Expert' Fled North Korean Regime, Ends Up In South Korea
A North Korean diplomat and his family, under Kim Jong Un‘s regime, have defected from Cuba to South Korea. This is the first defection of its kind in five years, occurring against a backdrop of growing challenges for ordinary North Koreans attempting to flee their country. What Happened: Ri Il Kyu, a counselor of political affairs for North Korea in Havana, made the move to South Korea in November, as confirmed by Seoul’s intelligence agency, reported The Wall Street Journal. Ri, who had been working at the North Korean embassy in Cuba, expressed his disillusionment with the political system of North...
Apple, Nvidia, Anthropic Accused Of Using YouTube Videos To Train AI Models Without Creators' Consent: 'This Is Going to Be An Evolving Problem For A Long Time,' Says MKBHD
Apple Inc. (NASDAQ:AAPL) has been accused of using Alphabet Inc.‘s (NASDAQ:GOOGL), (NASDAQ:GOOG) subsidiary YouTube videos to train its AI models without the creators’ consent. What Happened: Tech YouTuber Marques Brownlee, also known as MKBHD, took to social media to voice his concerns about Apple’s use of YouTube content for AI training. Brownlee revealed that Apple sourced data from various companies, one of which scraped data and transcripts from YouTube videos, including his own. The companies are not at fault for the scraping, but this issue is likely to persist, Brownlee noted. “Apple technically avoids “fault” here because they’re not the ones scraping...
Professional Detailer Praises R1 Interiors, Rivian CEO Says Company Spent 'A Lot Of Time' Getting This Right
Rivian Automotive (NASDAQ:RIVN) CEO RJ Scaringe said on Tuesday that the company spent a ‘lot of time’ crafting its R1 vehicle interiors, all the while focussing on its cleanability. What Happened: “Love to see this! We spent a lot of time crafting our interiors — with special focus on clean-ability,” Scaringe wrote on X upon sharing a post of a professional detailer who named Rivian’s interiors as the best. “As a professional detailer for the last 10+ years, I've of course cleaned/detailed a ton of interiors. BY FAR, Rivian has the most high quality, most durable, and easy to clean interior...
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