According to reports, Tesla still trades at huge premiums, as measured by forward price-to-earnings ratios. March 10 was a brutal day for Elon Musk-the world’s wealthiest person . Tesla’s stock took a sharp nosedive, his social media platform X (formerly Twitter) suffered widespread outages due to what he called a “massive cyberattack,” and protests against…
Wall Street took another hit on Thursday rattled by a fresh wave of sell offs rattled. The US market, which was already on the edge over US tariffs and economic uncertainty, suffered massive lows as the Dow Jones Industrial Average dropped 427 points (1 per cent) to 42,579.08, while the Nasdaq fell 483.48 points to…
MUMBAI: Fears of a trade war roiled stock markets globally as US President Donald Trump imposed higher tariffs on key trading partners, triggering retaliatory action by Canada and China, which made equities weak again. The impact was felt on Dalal Street too as the sensex closed below the 73,000 mark, while Nifty fell for the…
MUMBAI: Market players are keeping their fingers crossed as investors are weighed down by the continuing bearish sentiment due to a combination of domestic and global factors. Continuous foreign fund selling, weakness of the rupee, the escalating tariff war that was started by the US and a not-so-good quarterly corporate results have pulled the sensex…
Major cryptocurrencies like Bitcoin and ether witnessed steep declines on Monday as rising tariff war tensions weakened investor sentiments. During early trade in Asia, Bitcoin fell to $94,476.18, briefly hitting a three-week low of $91,441.89. Ether saw an even steeper drop of 24 per cent, hitting its lowest level since September, to $2,494.33.The downturn extended…
