To The Moon

Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models.

Even with lackluster electric-vehicle sales next year, Tesla’s stock could deliver for investors.That’s according to analysts at Deutsche Bank, who cheered the company’s artificial-intelligence...

0728 GMT - NIO will likely achieve its aim to report non-GAAP profit in the fourth quarter, thanks to an anticipated sequential cut in R&D expenses, Deutsche Bank analyst Bin Wang writes in a note. The electric-vehicle maker expects vehicle gross margin to surge around 18% in 4Q, driven by a favorable product mix with a significant increase in high-margin ES8 SUV deliveries, Wang says. The ES8 is on track to hit the 2025 sales target of 40,000 units, with a projected 33,000 units in 4Q alone, the analyst says. In addition, the company's other sales and services segment is expected to maintain consistent revenue and gross profit compared with the third quarter, DB says.

President Donald Trump signed an executive order on Monday that directs the National Laboratories to build an artificial-intelligence platform to accelerate scientific and engineering discovery.Dubbed the Genesis Mission, the White House Office of Science and Technology Policy Director Michael Kratsios called it "the largest marshaling of federal scientific resources since the Apollo program.". The Genesis Mission looks to leverage the large scientific datasets scattered throughout government agencies and universities and use them to build AI models that can more rapidly solve the thorniest problems in medicine, energy, and national security, the last being the primary mission of the National Labs. Kratsios claimed that the new initiative will "shorten discovery timelines from years to days or even hours.". The biggest expense will be getting enough computing power to create and run these new scientific AI models. The National Labs are already home to massive supercomputers, including

A federal judge ruled the company does not hold a social media monopoly.

Just over a month after reaching its all-time high, Bitcoin has erased more than 30% of its gains since the beginning of the year, as the frenzy over the Trump administration's support for...

Bessent says high US interest rates may have caused housing recessionBessent says high interest rates put housing sector into recessionFederal Reserve should cut interest rates faster, Bessent saysLow-end consumers hit hardest by high mortgage rates, Treasury secretary saysBy Andrea Shalal. Nov 2 - Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal Reserve to accelerate rate cuts."I think that we are in good shape, but I think that there are sectors of the economy that are in recession," Bessent said on CNN's "State of the Union" program. "And the Fed has caused a lot of distributional problems with their policies."Bessent said that, although the overall U.S. economy remains solid, high mortgage rates still hinder the real estate market. Housing, he said, is effectively in a recession that is hitting low-end consumers the hardest because they

U.S. President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals agreement.

US stocks turned negative. S&P down 0.6%, Nasdaq down 0.8%; Dow down 0.5%.

Trump Says Powell Is Costing The US "Trillions Of Dollars"; Powell Too Political To Have The Job Of Fed Chair