Elon Musk, the CEO of Tesla, recently posted a poll on social media platform X, seeking opinions on whether Tesla should invest $5 billion into his newest startup, xAI. This informal poll raised questions about the future of Tesla’s investments and the potential impact on the company’s financial stability. It also highlighted Musk’s ambitious goals
Start
Marvel Studio’s Deadpool & Wolverine is set to open this weekend, showcasing an impressive rebound for the post-strike box office and breathing new life into the Marvel Cinematic Universe. Following a slump last November with The Marvels, the studio is gearing up for a potentially record-breaking opening with a projected range of $160M-$170M in domestic
As Societe Generale (OTC:SCGLY) strategists issued a warning to growth-focused investors about the possibility of a bubble burst in the US technology sector, they highlighted the significant market capitalization of US Tech within the S&P 500. The banking giant pointed to the recent surge in smaller stocks contrasted with a decline in larger tech companies,
The reboot of the 1996 film Twisters seems to be off to a promising start, earning around $7 million in preview sales from both Imax/PLF showtimes and early previews. The film, starring Glen Powell and Daisy Edgar Jones, has garnered positive reviews, with a 78% critics score and an impressive 94% audience score on Rotten
Recently, it has been reported that GitLab, a cloud-based software development tools provider in the U.S., is considering a sale after receiving acquisition interest. This move has attracted attention from various industry peers, including Datadog, a cloud monitoring firm. This potential sale process, which is being handled by investment bankers, is still in its early
In a move reminiscent of Apple’s approach, Anthropic, an artificial intelligence startup, and Menlo Ventures are teaming up to launch a $100 million fund aimed at supporting early-stage startups in the AI space. While Menlo Ventures will provide the cash for investing in these startups, Anthropic will offer founders $25,000 in credits to use its
RBC Capital analysts are expressing caution in light of the weak CPI print from last week. They believe that this could have negative implications for stocks moving forward. The upcoming 2Q24 reporting season is seen as a critical test for the market, especially in relation to the rotation trade that appeared to gain traction in
In a surprising turn of events, A24’s drama Sing Sing, featuring Colman Domingo, has made its mark as the third highest limited opening film of the year. The film, set against the backdrop of the Sing Sing Correctional Facility, grossed an impressive $137,119 on just four screens, resulting in a per screen average of $34.3k.
The prospect of impending U.S. interest rate cuts is causing a stir among investors, who now find themselves at a crossroads. The dilemma they face is whether to maintain their allegiance to the stalwart Big Tech stocks that have been the backbone of market returns for an extended period, or to pivot towards lesser-loved sectors
SpaceX’s Falcon 9 rocket recently faced an unexpected setback, leading to the grounding of the vehicle pending an incident investigation. The incident occurred during the “Starlink Group 9-3” mission, where the rocket was supposed to launch 20 satellites into low Earth orbit. While the lower first stage of the rocket performed as expected, the upper
The official trailer for Paramount’s Gladiator II has taken the internet by storm, garnering an impressive 128M views in the first 24 hours across various platforms such as Instagram, TikTok, Facebook, YouTube, and more. This outpaced the 24-hour post trailer debut traffic of the studio’s own Top Gun: Maverick, which previously held the record with
Investors in the U.S. stock market are facing a period of uncertainty as inflation shows signs of cooling. Despite softer-than-expected inflation readings for June, concerns about growth cooling persist. The Consumer Price Index (CPI) grew at a slower rate than anticipated, with headline CPI increasing by 3% year-on-year and core CPI growing by 3.3%. As
The National Football League is exploring the idea of allowing minority private equity ownership for its 32 teams, with a cap of up to 10% ownership stake. This consideration comes at a time when the landscape of sports ownership is evolving, and the NFL wants to ensure that its policies are in line with the
Elon Musk’s brain tech startup, Neuralink, has been making waves in the field of brain-computer interfaces (BCIs). Recently, Musk announced that the company hopes to implant its system in a second human patient within the next week. However, after encountering hardware problems with their first participant, the company is striving to make necessary changes to