January 25, 2024

Markets Now January 25, 2024

Tesla shares plunge to wipe out $71 billion in market value, after dour earnings call

Shares in Tesla plunged as much as 11% after the market opened Thursday, wiping $71 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese rivals.  
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Analysis: Crypto fans got what they wanted. So why is bitcoin falling?

Cryptocurrencies were rising late last year in anticipation that the first-ever spot bitcoin ETFs would receive regulatory approval. But once they received the go-ahead, bitcoin fell.  
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Extreme greed is back on Wall Street

The S&P 500 is tracking towards its fifth consecutive record high, the Dow Jones Industrial Average crossed the 38,000 mark this week for the first time ever, the economy is growing, inflation rates are easing and the artificial intelligence revolution is booming.  
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The 737 Max grounding will cost Alaska Airlines $150 million

The grounding of the 737 Max 9 after a January 5 incident that blew a hole in the side of an Alaska Airlines plane earlier this month will cost the airline about $150 million, Alaska announced Thursday.  
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Before part of an Alaska Airlines plane blew off, Boeing had removed and adjusted it, reports say

Before the plane took its first flight, Boeing removed and reinstalled the part that blew off an Alaska Airlines flight on January 5, according to reports from the New York Times and the Seattle Times, both citing a person familiar with the matter.  
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Video: See Pepsi operate some of the first Tesla Semi trucks

PepsiCo operates about 21 Tesla all-electric Semi trucks as part of a pilot program towards their goal to be carbon neutral by 2040. Here’s what they’re learning.  
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Source: CNN Business

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