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Bloomberg19d agoneutral
How Free Batteries Help NYC Small Businesses Save on Electric Bills

(Bloomberg) -- At Café Mars in Brooklyn, an all-electric kitchen means better air quality for the chefs whipping up short-rib ravioli and tofu cannolis, fewer carbon emissions — and a $4,000 electric bill. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeSpaceX at $100 Would Imply Zero AI Value, Morgan Stanley SaysTrump Seethes as Iran War Spirals Anew With No End in SightApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandHegseth Turns to UNC, Vir

GM displays Q2 growth in key areas Tesla would be jealous of
TheStreet19d agoneutral
GM displays Q2 growth in key areas Tesla would be jealous of

General Motors reported strong second-quarter results on Tuesday, July 21, but the stock was caught up in the broader automotive sell-off spurred by Tesla's own disappointing quarter. GM topped analyst estimates on every level, driven by strong sales from high-margin full-size pickup trucks in ...

Waymo vs. human drivers: Experts reveal which is safer
TheStreet20d agoneutral
Waymo vs. human drivers: Experts reveal which is safer

Are autonomous vehicles like Waymo really safer than human drivers? That's the question some of the biggest tech companies in the world are investing billions of dollars to answer. Alphabet owns Waymo, Amazon owns Zoox, and Tesla has its own Robotaxi division. The advantages robots have over human ...

Elon Musk’s Boring Company Eyes $20 Billion Valuation in New Funding Round
The Wall Street Journal20d agoneutral
Elon Musk’s Boring Company Eyes $20 Billion Valuation in New Funding Round

Elon Musk’s tunneling startup, the Boring Company, is in talks to raise new funding that would value it at around $20 billion, according to people familiar with the discussions. The funding round hasn’t closed and the people cautioned that the terms could change. Steve Davis, president of the Boring Company, didn’t respond to requests for comment.

Tesla (TSLA) Just Found A Record Profit Engine Beyond Car Sales
Simply Wall St.20d agoneutral
Tesla (TSLA) Just Found A Record Profit Engine Beyond Car Sales

Tesla’s Services and Other segment in NasdaqGS:TSLA delivered record growth and profitability in the second quarter. This business line, which includes vehicle servicing, paid Supercharging, insurance, used vehicle sales and retail merchandise, outpaced the company’s automotive and energy segments. The performance highlights the growing role of recurring and fee-based activities tied to Tesla’s expanding vehicle fleet. For investors watching Tesla, the latest quarter highlights how much of...

Earnings Are Crushing It. Stocks Are Getting Crushed.
Barrons.com20d agoneutral
Earnings Are Crushing It. Stocks Are Getting Crushed.

Investors aren’t buying the earnings story this summer, in contrast to the spring rally that powered stocks to a record high in early June, suggesting a tough climb for markets over the back half of the year. Early second-quarter earnings data suggests companies are beating Wall Street forecasts by nearly 9%, well ahead of the four-quarter average of around 7.5% and the 4.4% tallied since 1994, according to LSEG. Nearly 85% of companies are beating estimates, compared with the recent average of around 80% and the historic reading of around 68%, and LSEG figures suggest overall second-quarter profit growth of 27%.

AI spending restraint will reward Magnificent 7 shares, expert says
Reuters Videos20d agoneutralVIDEO
AI spending restraint will reward Magnificent 7 shares, expert says

<body><p>STORY: Investor concerns over the growing cost of AI investments have become a central theme for markets after results from Google parent Alphabet, and Tesla, highlighted rising capital spending and cash burn among major technology companies.</p><p>That has set a cautious tone ahead of next week's earnings from Microsoft, Amazon and Meta.</p><p>If those companies "continue to raise their CapEx spending, then guess what? There'll be a negative reaction from the stocks, just like we saw this week from Google," Reyle said.</p><p>"I think the real trick will be, one of these guys is going to finally say 'enough's enough' and they will finally cut back on spending," he added. "And guess what? Their stock price will react positively to that."</p><p>To that point, Reyle noted that Apple, which has avoided massive AI spending, has seen its stock rise more than 20% this year.&nbsp;</p></body>

Elon Musk’s Companies Hit Headwinds
The Wall Street Journal20d agoneutral
Elon Musk’s Companies Hit Headwinds

Elon Musk’s July slump is getting worse today. Tesla and SpaceX, the companies that helped Musk achieve trillionaire status last month, are now moving in the opposite direction, cutting his wealth by billions.