Dow Jones Futures: Market Rally Holds Amid Israel-Iran News; Tesla Robotaxi Launch Due
The market rally held in a range this past week, amid Israel-Iran news. The Tesla robotaxi launch is set for Sunday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
42 minutes ago
- Yahoo
‘Life is full of unexpected surprises': People trying to call Iran meet mysterious voice message
People trying to call friends and loved ones inside Iran have instead been met with strange, pre-recorded voice messages, which some experts believe may be part of the regime's wider internet blackout. In a recording of a telephone call heard by CNN, a person outside of Iran hoping to hear their friend's voice on the other line, was instead met with a robotic voice. 'Hello, and thank you for taking the time to listen,' the voice says. 'Life is full of unexpected surprises,' it continues, 'and these surprises can sometimes bring joy while, at other times, they challenge us. 'The key is to discover the strength within us to overcome these challenges.' The unsettling message, which lasts nearly 90 seconds, then goes on to recommend the listener close their eyes and imagine themself in a place that brings them 'peace and happiness.' While different variations have been reported, this version appears to have been the one most commonly heard by people outside Iran placing calls to mobile phones inside the country on Wednesday and Thursday. No similar message was reported when calling landlines. The messages were widely heard after Iran imposed nationwide temporary restrictions on internet access on Wednesday, citing security concerns. This meant WhatsApp was down, so people abroad began calling their friends and family in Iran directly, rather than via the app. The message is reportedly not heard if the call is made through an app. The initial assumption for many Iranians was that the messages were the result of an Israeli cyberattack. Others see the Iranian authorities as being behind them. Alp Toker, the founder and director of NetBlocks, a non-governmental organization that monitors internet governance, believes the messages are an attempt by the Iranian government to limit telecommunications, as part of the wider internet censorship measures. 'The point is, when the internet is cut, the phones need to go somewhere, and that will go to the fallback message on the device,' he told CNN. Toker added it was a phenomenon NetBlocks had seen in different places around the world when internet access was cut. 'Sometimes it will have an advert for summer vacations and sometimes it will have some other nonsense,' he said. According to Toker, the messages are text-to-speech generated. He believes they appear to have been set up rapidly. 'It's in the format of a normal gateway answering message of the type you might get from a national gateway when a phone doesn't answer,' he said. 'It seems that they've gone with the settings, and there's a little box where you can put in the settings and they've put something in there, pre-AI generated.' Meanwhile, a UK-based telecommunications expert who listened to a recording of the most commonly heard message told CNN that 'the call appears to be hijacked after the second ring, which is highly unusual and deeply concerning. This suggests interference at the network level – well before a proper connection is established.' The expert asked not to be named for safety reasons. Neither Israel nor Iran has made a public statement on the recorded phone messages. Access to international internet services had been partially restored in parts of Iran on Saturday 'after approximately 62 hours of severe disruption,' NetBlocks said. 'While some regions have seen improvements, overall connectivity remains below ordinary levels, continuing to hinder people's ability to communicate freely and access independent information,' it added. The semi-official Tasnim news agency reported that international internet services would resume by 8 p.m. local time Saturday, citing the communications minister. However, Tasnim later reported that this was not the case, citing the same minister. According to the communications ministry, Iranians abroad can now contact their families inside Iran through domestic messaging apps. The Iranian government has frequently restricted internet access in the country. During nationwide protests in 2022, authorities implemented multiple internet shutdowns in an effort to stifle dissent.
Yahoo
an hour ago
- Yahoo
Tesla's $56K India Gamble: Will the Model Y Sell in a Price-Sensitive Market?
Tesla (NASDAQ:TSLA) is finally hitting the accelerator in India. After years of back-and-forth, the EV giant is opening its first showroom in Mumbai this July, followed by another in New Delhi. It's starting with the Model Yshipped straight from its Shanghai plantmarking the company's first official sales push into the world's third-largest car market. Internal documents and people familiar with the matter confirm that Tesla has also brought in Supercharger hardware, car accessories, and parts from the US, China, and the Netherlandslaying the groundwork for a broader rollout. This move follows Elon Musk's February meeting with Indian Prime Minister Narendra Modi and could signal the start of a long-term India strategy. But it won't be an easy ride. Each Model Y imported was declared at just under $32,000, but racked up over $25,000 in import duties due to India's 70% tariff on fully-built EVs. Final sticker price? North of $56,000 before tax and insurancenearly 50% more than the U.S. price post-incentives. For a market where EVs still make up just 5% of new car sales and luxury vehicles are under 2%, Tesla will need more than brand power to spark volume. Still, the company is quietly building momentum. It's securing warehouse space in Karnataka and Gurugram, boosting hiring across charging, retail, and policy teams, and sending execs from abroad to oversee showroom setup in luxury districts. The early signs point to a premium positioning play aimed at affluent Indian buyers. Whether that strategy holdsor pivotswill depend on how fast Tesla can shift from imports to local production. For now, it's a high-stakes, high-margin experiment in one of the world's fastest-growing auto markets. This article first appeared on GuruFocus.
Yahoo
an hour ago
- Yahoo
5 Classic Cars That Will Have Massive Price Drops in the Summer of 2025
Classic car values are always shifting, but this summer, several iconic models are set for significant price drops. Economic pressures, changing buyer demographics, and high maintenance costs are driving down demand for many pre-1980s classics. Read Next: Find Out: Lauren Fix, automotive expert at Car Coach Reports, explained that younger collectors are prioritizing modern classics from the 1980s and 1990s, leaving older, high-maintenance cars behind. Inflation and uncertain consumer confidence are also making buyers more selective, especially as restoration expenses continue to climb. A 2024 WCShipping report, citing Hagerty and Classic Valuer data, found nearly half of classic car models lost 10-20% in value. Here are five classic cars that are expected to see the steepest price declines in the summer of 2025, along with the reasons behind these changes. The Ferrari 308 and 328, once icons of 1980s style and television fame, are now facing a market correction. Collectors are shifting their attention to rarer Ferraris or moving up to 1990s models like the F355, leaving the 308 and 328 with fewer interested buyers. Classic Cars Magazine notes that oversupply and high maintenance costs are pushing prices down, especially for mid-tier and driver-quality examples. Fix expects the average 308 prices to drop from $60,000-$100,000 to $45,000-$75,000, with non-concours cars seeing the steepest declines. For enthusiasts, this summer could bring some of the best deals on these classic Ferraris in years, especially as sellers become more motivated to move inventory. The Aston Martin DB4, DB5 and DB6 have long been seen as the pinnacle of British automotive luxury, especially the DB5 with its James Bond legacy. However, demand for these high-maintenance, high-cost vehicles is fading as younger collectors look to more modern, affordable classics. According to auto mechanic and JustAnswer expert Chris Pyle, non-American classics normally see price drops because they are less looked at by potential buyers. The DB5's allure has softened, and the market is now saturated with restored examples, pushing prices down. As a result, expect to see notable price drops for all but the rarest, concours-quality cars. For buyers, this summer could be the best chance in years to own a legendary Aston Martin at a relative bargain. The Chevrolet Corvette C3, a favorite among American muscle car fans, is experiencing softening demand and falling prices in 2025. Oversupply of lower-quality examples and shifting interest toward newer C4 and C5 models, which offer better performance and value, are contributing to the decline. Hagerty's auction data shows that muscle cars like the C3 are trailing in appreciation compared to modern classics, and economic uncertainty is making buyers more cautious. According to Fix, non-Stingray or high-mileage C3s are expected to drop 10-20 percent in value, with average prices falling from $20,000-$30,000 to $15,000-$25,000. For those looking for a classic American sports car, this summer could be an ideal time to buy a C3 at a discount. The Jaguar E-Type, once hailed as one of the most beautiful cars ever made, is now facing reduced demand and falling prices. Fix says less desirable Series II and III E-Types, especially coupes and less pristine convertibles, could decrease 15-20% in price. Basically, high maintenance costs and a market flooded with restored examples are making it harder for sellers to command premium prices. Jaguar's rebrand and shift toward electric vehicles have also dampened enthusiasm for its classic models, especially among younger buyers, according to Topgear by BBC. For collectors, this summer could offer the rare chance to acquire an E-Type at a price not seen in years. Air-cooled Porsche 911s have long been collector favorites, but the market is cooling for certain models in 2025. Hagerty reports that economic developments and changing consumer tastes are affecting older, non-iconic air-cooled Porsche 911 prices, especially as demand rises for water-cooled 911s. Maintenance costs and a saturated market are adding pressure, especially for high-mileage or less rare examples. Fix expects base or driver-quality air-cooled 911s to drop 10-15 percent, with prices falling from $40,000-$70,000 to $35,000-$60,000. For buyers, this summer could be the right moment to finally own a classic Porsche at a more accessible price point. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives How Much Money Is Needed To Be Considered Middle Class in Your State? This article originally appeared on 5 Classic Cars That Will Have Massive Price Drops in the Summer of 2025
