EdTech Insight – Chinese EV stocks surge after EU slaps up to 38% additional import tariffs

by EdTechMate | Jun 13, 2024 | CNBC, News & Insights

Executive Summary and Main Points Shares of Chinese electric vehicle (EV) manufacturers surged following the European Union’s announcement of imposing higher tariffs, up to 38%, on Chinese EVs. This response indicates investors’ optimism or strategic...

EdTech Insight – Broadcom beats earnings estimates, announces 10-for-1 stock split

by EdTechMate | Jun 12, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points Broadcom, a leader in semiconductor innovation, has reported substantial financial growth in its second fiscal quarter, surpassing analyst estimates. This positive fiscal performance, largely attributed to advancements...

EdTech Insight – Larry Ellison is $18 billion richer after Oracle shares rally the most since 2021

by EdTechMate | Jun 12, 2024 | CNBC, News & Insights

Executive Summary and Main Points Oracle’s chairman, Larry Ellison, acknowledges the company’s sharp stock rally following its forecasted double-digit revenue growth, signaling positive investor sentiment and company confidence. Ellison’s wealth has...

EdTech Insight – Tesla could get special duties as part of higher China EV tariffs, EU says

by EdTechMate | Jun 12, 2024 | CNBC, News & Insights

Executive Summary and Main Points In the shifting landscape of global trade and manufacturing, significant developments have occurred with potential implications for international education and edtech sectors. Elon Musk, leading figure of SpaceX, Tesla, and X,...

EdTech Insight – Oracle shares jump on Google and OpenAI deals despite earnings miss

by EdTechMate | Jun 12, 2024 | CNBC, News & Insights

Executive Summary and Main Points Oracle, a key player in cloud services and database software, reported its fourth quarter earnings, which highlighted strategic advances despite not meeting Wall Street expectations. The company announced an 11% stock increase after...

EdTech Insight – Elon Musk drops suit against OpenAI and Sam Altman

by EdTechMate | Jun 11, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points The recent announcement regarding Elon Musk’s withdrawal of his lawsuit against OpenAI, a leading artificial intelligence research company co-founded by Sam Altman and Greg Brockman, signifies a pivotal development...