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Tesla shareholders are doubtlessly used to drama by this point, but multiple bearish data points could rock the stock as we enter next week.
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ASTS finally announced a confirmed strategic investment totaling $206.5 million to catapult the space stock’s growth plans as it begins bringing its satellite-to-cell service coverage to market.
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But the long-term effects of the blocked merger could prove more catastrophic for Spirit than it does for the many investors who saw their planned merger play crumble into dust.
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The European Union block comes from claims that the merger creates an anticompetitive landscape for other robotic vacuum cleaners.
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Both cited slumping iPhone sales as signs the tech megalith’s strength is waning. Likewise, the much-vaunted Apple Vision Pro is facing competitive headwinds that could keep sales lower than planned
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In this case, the good news is that Indian airliner Akasa Air just placed a massive order for 150 of Boeing’s 737 Max jets.
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Defying wider market performance, shares surged already in 2024, returning more than 10% despite the S&P 500 eking out just 1% over the same period.