What's next for Tesla after the Trump-Musk public spat?
Tesla shares plunged yesterday amid Elon Musk's feud with President Trump. MarketWatch's James Rogers and Cantor Fitzgerald's Andres Sheppard look at fundamentals, such as Tesla's earnings report and the coming robotaxi launch, to gauge what's next.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
14 minutes ago
- News.com.au
16 billion Apple, Facebook, Google passwords exposed in historic data leak: report
A staggering 16 billion passwords to Apple, Facebook, Google, and various US government services have been leaked online, triggering global security alerts in what experts are calling the most significant data breach in history. The mammoth security breach has forced Google to urge billions of users to change their passwords immediately. At the same time, the FBI has issued warnings to Americans about opening suspicious links in SMS messages. Cybersecurity experts at Cybernews, who investigated the breach, discovered a whopping 30 exposed datasets containing between tens of millions and over 3.5 billion records each. Perhaps most alarmingly, researchers confirmed that nearly all these exposed datasets contain previously unreported information, making this an entirely fresh security crisis. 'This is not just a leak – it's a blueprint for mass exploitation,' the researchers said via Forbes this week. The leaked information mainly consists of URLs paired with login credentials and passwords, potentially giving hackers access to 'pretty much any online service imaginable, from Apple, Facebook, and Google, to GitHub, Telegram, and various government services.' The datasets appeared online only briefly – long enough to be discovered but too quickly for researchers to identify who controlled the data. 'These aren't just old breaches being recycled,' researchers said. 'This is fresh, weaponisable intelligence at scale.' Cybernews investigators believe the breach is the work of multiple 'infostealers' – malicious programs designed to harvest credentials from infected devices. While the total number of affected people is unclear, security experts are strongly advising the public to take immediate precautions. Users are being urged to invest in password management solutions, never share passwords across multiple platforms, and remain vigilant for signs their accounts may have been compromised. Investigators also warn this breach could fuel phishing attacks and account takeovers in the coming months.
Perth Now
43 minutes ago
- Perth Now
Stocks struggle, oil up as Trump weighs US move on Iran
Share markets in Asia struggled for direction as fears of a potential US attack on Iran hung over markets, while oil prices were poised to rise for a third straight week on the escalating Israel-Iran conflict. Overnight, Israel bombed nuclear targets in Iran, and Iran fired missiles and drones at Israel as a week-old air war intensified with no sign yet of an exit strategy from either side. The White House said President Donald Trump will decide in the next two weeks whether the US will get involved in the Israel-Iran war. The US President is facing uproar from some of his MAGA base over a possible strike on Iran. Brent fell 2 per cent on Friday to $77.22 per barrel, but is still headed for a strong weekly gain of 4 per cent, following a 12 per cent surge the previous week. "The 'two-week deadline' is a tactic Trump has used in other key decisions, including those involving Russia and Ukraine, and tariffs," said Tony Sycamore, analyst at IG. "Often, these deadlines expire without concrete action, (similar to TACO), and there is certainly a risk of this happening again, given the complexities of the situation." Still, a cautious mood prevailed in markets with Nasdaq futures and S&P 500 futures both 0.3 per cent lower in Asia. US markets were closed for the Juneteenth holiday, offering little direction for Asia. The MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent but was set for a weekly drop of 1 per cent. Japan's Nikkei slipped 0.2 per cent. China's blue chips rose 0.3 per cent, while Hong Kong's Hang Seng gained 0.5 per cent, after the central bank held the benchmark lending rates steady as widely expected. In the currency markets, the dollar was on the back foot again, slipping 0.2 per cent to 145.17 yen after data showed Japan's core inflation hit a two-year high in May, which kept pressure on the Bank of Japan to resume interest rate hikes. Investors, however, see little prospects of a rate hike from the BOJ until December this year, which is a little over 50 per cent priced in. The US bond market, which was also closed on Thursday, started trading in Asian hours on a subdued note. Ten-year Treasury bond yield was flat at 4.389 per cent, while two-year yields slipped 2 basis points to 3.925 per cent. Overnight, the Swiss National Bank cut rates to zero and did not rule out going negative, while the Bank of England held policy steady but saw the need for further easing and Norway's central bank surprised everyone and cut rates for the first time since 2020. Gold prices eased 0.2 per cent to $3,363 an ounce, but were set for a weekly loss of 2 per cent.
News.com.au
an hour ago
- News.com.au
Car giant's space fight with Musk
One of the world's biggest car makers has joined Elon Musk in the race to the stars. Honda has officially entered the space race alongside Musk's Space X, after Japan's second largest carmaker announced it had successfully launched a 'resusable rocket prototype'. In the same week, a Space X rocket dramatically blew up while preparing to take flight, Honda showed it was serious about its space exploration ambitions, first mentioned four years ago. Honda R&D, which is a subsidiary of Honda Motor Co. said it 'conducted a launch and landing test of an experimental reusable rocket developed independently by Honda'. The rocket, which was 6.3m long, 85cm in diameter and weighed 1312kg, reached an altitude of 271.4m and landed within 37cm of the target touchdown point after a flight of 57s. According to Honda R&D, the purpose of the test, conducted at a Honda facility in Taiki Town on Hokkaido, the northern most of Japan's main islands, was the 'establishment of key technologies necessary for a reusable rocket'. 'This test marked the first launch and landing test conducted by Honda with an aim to demonstrate key technologies essential for rocket reusability, such as flight stability during ascent and descent, as well as landing capability,' Honda said in a statement. 'Through this successful test, Honda achieved its intended rocket behaviours for the launch and landing, while obtaining data during the ascent and descent.' Honda announced in 2021 that it was 'pursuing research and development in the field of space technologies' with the thought that its discoveries could also be used in Honda vehicles. That includes in regard to automated driving systems and sustainable transportation. Honda is aiming at a suborbital launch by 2029. 'We are pleased that Honda has made another step forward in our research on reusable rockets with this successful completion of a launch and landing test,' Global CEO of Honda Toshihiro Mibe said. 'We believe that rocket research is a meaningful endeavour that leverages Honda's technological strengths. 'Honda will continue to take on new challenges—not only to offer our customers various services and value through our products, while addressing environmental and safety issues, but also to continue creating new value which will make people's time and place more enjoyable.'
