After a challenging 2022, Tesla’s stock (NASDAQ: TSLA) orchestrated a remarkable comeback in 2023, fueled by gradual improvements in macroeconomic conditions and a heightened investor appetite for major tech players. While the first half of the year witnessed substantial gains, the latter half brought its own set of challenges. Following the release of Tesla’s latest earnings report in October, the stock faced a notable slump, attributed to declining profit margins resulting from a series of price cuts anno ...

Warren Buffett, revered as one of the world’s foremost stock investors, continually captivates the attention of millions with his strategic moves in the financial markets. On Thursday, December 21, the investment maestro made waves once again as regulatory filings unveiled his latest significant move—a whopping $312 million investment in one of his favorite energy stocks, Occidental Petroleum (NYSE: OXY). Berkshire Hathaway buys over 15 million OXY shares in a weekAccording to new securities filings, Warren ...

Core Viewpoint - The recent draft guidelines from the Beijing government aim to limit incentives that lead to excessive gaming and spending, resulting in significant stock declines for Tencent and NetEase [1][2]. Group 1: Market Reaction - Tencent's shares fell by up to 15.7%, reaching HK$263.60 ($33.74), before slightly recovering to a decline of approximately 12.7% at HK$274 ($35.07), marking its lowest level since late November 2023 [2]. - NetEase's stock experienced a sharper decline of 20% following the announcement of the new regulations [2]. Group 2: Regulatory Context - The National Press and Publication Administration's draft guidelines prohibit online game operators from using inducive rewards, which are believed to encourage consumers to spend more time and money on games [1]. - This regulatory move is part of a broader trend of ongoing measures targeting online gaming in China, reflecting authorities' concerns about video game addiction among youth [1].

Bitcoin (BTC) is concluding the year positively, overcoming the earlier suppression of the maiden cryptocurrency’s valuation due to wider economic conditions, such as rising interest rates. The notable uptick in the flagship digital asset’s performance becomes evident when comparing Bitcoin against traditional investments, notably the tech giant Apple (NASDAQ: AAPL), particularly in daily trading volume.In this line, according to data acquired by Finbold, from November 20, 2023, to December 20, 2023, Bitcoi ...

With the end of 2023 drawing near and 2024 about to begin, Chinese electric vehicle (EV) company Nio Inc. (NYSE: NIO) has had an eventful year, particularly in terms of its stock price movements that have seen it decline nearly 18% since the year’s turn but make significant progress in recent weeks.As it happens, Nio has faced a challenging landscape this year, demonstrated by a slowdown in demand and production growth, increased competition, and other negative developments, leading the price of the EV manu ...

The aviation giant Boeing (NYSE: BA) is poised to resume the delivery of its 787 Dreamliner to China in the coming days. This development can potentially signal China’s conclusion of a ban lasting over four years on Boeing’s 737 MAX deliveries.A new 787 Dreamliner from Seattle is set to be received in Shanghai by Juneyao Airlines, a privately owned Chinese carrier. The aircraft is expected to take off as early as Thursday, as reported by Reuters on December 21.Boeing has faced challenges in recent years due ...

Alphabet Inc (NASDAQ: GOOGL), the juggernaut behind Google, emerged resilient in 2023, orchestrating a remarkable rebound in its stock price after grappling with challenges in 2022. Fueled by burgeoning interest in its artificial intelligence (AI) offerings, GOOGL surged alongside other tech titans, together propelling the S&P 500 to two-year highs. Notably, on December 20, while most mega-cap stocks succumbed to a broader market sell-off, Alphabet defied the trend. While the S&P 500 fell significantly, Alp ...