Markets, earnings, deals, and the macro shifts that move them. Reported for readers who already know the basics.
Despite predictions that the unemployment rate would remain at 3.6%, it dipped to 3.5%, which is marginally higher than the lowest level since late 1969.
TechEchelon Staff · 1169 DAYS AGO
The "initial phase of operations" in Austin is scheduled to commence this fall with a full deployment of autonomous vehicles. However, Waymo plans to delay providing services to the general public until a few months after this initial rollout.
Sara Montes de Oca · 1170 DAYS AGO
The credit rating of the U.S. has been reduced to AA+ from AAA by Fitch Ratings, prompted by the growing U.S. debt and a perceived weakening of governance. Furthermore, Fitch anticipates the U.S. may face a recession later this year.
Sara Montes de Oca · 1170 DAYS AGO
Wu, who played a significant role in Xpeng's autonomous driving efforts, has decided to leave the company for personal and familial reasons, as stated by Xpeng. In his stead, Liyun Li, the senior director of Xpeng's autonomous driving team, will assume his role.
TechEchelon Staff · 1170 DAYS AGO
The Commerce Department reported that the personal consumption expenditures (PCE) price index, excluding food and energy, saw a modest rise of 0.2% compared to the previous month, which matched the Dow Jones projection.
Jay Goldberg · 1176 DAYS AGO
This move elevates the overnight federal funds rate to a band of 5.25%-5.5%, as part of the Fed's ongoing initiative to combat skyrocketing prices, despite recent signs of receding inflation.
Sara Montes de Oca · 1177 DAYS AGO
On Tuesday, the tech giant reported adjusted earnings per share at $1.44, surpassing the anticipated $1.34 according to a Refinitiv analyst survey. Additionally, the company posted revenue of $74.6 billion for the second quarter, outperforming the estimated consensus of $72.82 billion.
TechEchelon Staff · 1178 DAYS AGO
Musk envisions X to be similar to China's WeChat, a versatile app that people use for entertainment, e-commerce, social media, and messaging.
Jay Goldberg · 1179 DAYS AGO
In its current iteration as Grapevine Technologies, the company is already valued at $10 million.
Sara Montes de Oca · 1183 DAYS AGO
The software's robust features allow companies to invite employees, customers, or suppliers to collaborate and address their most challenging problems. It provides a platform to collect targeted ideas through submission forms that can be embedded directly into a company's intranet or website.
Jay Goldberg · 1184 DAYS AGO
Musk hinted at potential production hiccups in the third quarter, noting "we've got summer shutdowns" for several "factory upgrades." However, he affirmed the company's goal to hit 1.8 million vehicle deliveries for the year.
TechEchelon Staff · 1184 DAYS AGO
This agreement, the company stated, will wipe out above 83% of its unsecured note maturities set for 2025 and 2027, reducing its annual cash interest expense by over $430 million for the upcoming two years.
Jay Goldberg · 1185 DAYS AGO
The consumer price index saw a year-on-year increase of 3%, the smallest rise since March 2021. The index, which assesses a wide range of goods and services prices, climbed by 0.2% on a monthly basis. These figures contrast with Dow Jones estimates predicting 3.1% and 0.3% increases, respectively.
Jay Goldberg · 1192 DAYS AGO
Meta, Facebook and Instagram's parent company, has unveiled a new text-oriented platform named Threads on Thursday, setting it up in...
Sara Montes de Oca · 1196 DAYS AGO
Although the figure is slightly below the anticipated 225,000 jobs by economists, it indicates a slowdown from the revised figures of the previous month, which dropped by 33,000 to 306,000.
TechEchelon Staff · 1197 DAYS AGO
The 10-year Treasury note saw its yield jump 8 basis points to trade at 4.025%, while the yield on the 2-year Treasury note escalated more than 12 basis points, reaching 5.08%. It should be noted that yields and prices share an inverse relationship, with a basis point being equal to 0.01%.
TechEchelon Staff · 1198 DAYS AGO
Bluesky, a budding text-based social media network endorsed by Twitter co-founder Jack Dorsey, emerged as an alternative for frustrated Twitter users. Although it's still in its invite-only beta phase, the uptick in user traffic has strained the platform's performance.
TechEchelon Staff · 1199 DAYS AGO
From April to June, the company delivered a total of 466,140 vehicles, marking a 10 percent rise from the first quarter. Among these, 19,225 were Model S/X vehicles and 446,915 were Model 3/Y vehicles.
TechEchelon Staff · 1200 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.