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Tesla Rivals Geely, BYD Report Double-Digit Profit Decline In First Quarter 2026 Amid Revenue Shortfall, Foreign Exchange Volatility

by Badar Shaikh | Apr 29, 2026 | General

Tesla Inc.‘s (NASDAQ:TSLA) Chinese rivals BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) and Geely Automobile Holdings Ltd. (OTC:GELYF) (OTC:GELHY) reported declining profits amid slowing demand and fluctuating foreign exchange. BYD Reports Profit Decline On Tuesday, BYD...
Gasoline Tops $4.2 Amid Iran War: UGA ETF Surges As Oil Crosses $100

Gasoline Tops $4.2 Amid Iran War: UGA ETF Surges As Oil Crosses $100

by Sweta Killa | Apr 29, 2026 | General

On Tuesday, U.S. drivers faced the steepest pump prices in about four years as the Iran conflict and stalled diplomacy kept crude markets tight. The average cost of a gallon of gasoline hit $4.23, a level not seen since April 2022, according to AAA. Pump prices are up...

JP Morgan Forecasts ‘Eye-Popping’ $200 Billion AI Spending Surge For Top US Cloud Service Providers Like Amazon, Microsoft, Alphabet

by Rishabh Mishra | Apr 29, 2026 | General

Wall Street is drastically raising its expectations for artificial intelligence (AI) infrastructure spending, with J.P. Morgan predicting an unprecedented capital expenditure boom among the top U.S. hyperscalers. The Massive 2026 Surge In a recent industry update...

Treasury Warns Banks Of Sanctions Over Chinese Refineries Buying Iranian Oil, As Scott Bessent Flags Tehran’s $170 Million Daily Loss

by Namrata Sen | Apr 29, 2026 | General

The U.S. Treasury, on Tuesday, warned banks of sanctions if they support transactions with Chinese “teapot” refineries importing Iranian oil, saying the funds aid Iran’s regime, military, and weapons programs. The Department noted that China buys...

Nasdaq Tumbles Over 200 Points Amid Tech Sell-Off: Investor Sentiment Declines, But Fear Index Remains In ‘Greed’ Zone

by Avi Kapoor | Apr 29, 2026 | General

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Greed” zone on Tuesday. U.S. stocks settled lower on Tuesday, with the Nasdaq Composite falling more than 200 points during the session amid a rise in...
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