🤬 Tesla investors are fuming

+ CoreWeave is buying Core Scientific for $9B, but shareholders walk away with just 10%

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Good evening. Trump just dropped a fresh wave of tariffs set to kick in August 1, including 25% on imports from Japan, South Korea, and a few others. He also threatened a 10% tariff on countries aligning with BRICS, adding more pressure ahead of his July 9 trade deal deadline.

Nasdaq
⬇︎0.92%

S&P 500
⬇︎0.79%

Dow Jones
⬇︎0.94%

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎14.26% WNS

BPO meets AI. In one of the biggest IT-BPO deals in years, French tech consulting firm Capgemini is buying WNS, a BPO company founded in Mumbai, for $3.3 billion in cash. Some analysts worry that generative AI could eat into traditional BPO revenue, but Capgemini is betting big on the shift from basic automation to full-on AI-driven business models. [Read more]

⬆︎9.03% Rocket Lab

Space stocks have Musk’s political drama to thank. Elon Musk’s latest clash with Trump is rippling through the market. Some investors are eyeing potential fallout for SpaceX especially around government contracts, which could open the door for smaller rivals like Rocket Lab. [Read more]

⬆︎6.62% Unity

Still in the game. The game engine just got a price target bump to $24 from Wells Fargo, up from $19. The analyst kept a neutral stance on the stock, though. [Read more]

⬆︎⬇︎ 1-day change
Market data: today’s market close

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LOSERS

⬇︎2.92% Shell

The energy giant says its upcoming earnings won’t be pretty. In a preview of its July 31 results, the company warned that profits will take a hit because of weak gas trading and unexpected losses in its chemicals business (one of its U.S. plants had unplanned maintenance). Analysts were already expecting a slowdown, but this looks worse than expected. [Read more]

⬇︎4.95% Stellantis

Caught lacking. The carmaker behind Jeep, Dodge, Chrysler and Peugeot just got hit with a downgrade from Bank of America. The firm cut its rating from Buy to Neutral and slashed its price target, concerned about Stellantis’ weak outlook in Europe, especially in the EV space where competition is ferocious. [Read more]

⬇︎6.79% Tesla

Elon Musk is back in the political spotlight, and investors aren’t thrilled. Musk just announced he’s forming a new political party called the “America Party,” triggering a public feud with Trump. The drama has investors worried he’s getting distracted again, just as Tesla is dealing with falling sales, rising EV competition, and growing global backlash. [Read more]

⬇︎17.61% Core Scientific

CoreWeave just bought the landlord. The AI infrastructure company is buying its longtime data center partner Core Scientific in a $9 billion all-stock deal, canceling a $10 billion hosting agreement between them. Core Scientific will hand over its infrastructure in exchange for less than 10% of the combined company, a smaller slice than many shareholders were hoping for. [Read more]

⬆︎⬇︎ 1-day change
Market data: today’s market close

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EXTRA

THE END

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Share price movements are based on daily percentage changes from Yahoo Finance. We provide neutral summaries and do not make any investment recommendations. Some information may vary across sources; we aim to use reliable and factual reporting. We include key stock movers for relevance and may omit others to keep the content engaging.