EdTech Insight – Tesla shares wipe out loss for the year with 27% rally this week

by EdTechMate | Jul 5, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points The key innovation in the spotlight is Tesla’s remarkable rebound, with its stock price recovering to erase its losses for the year, culminating in a 27% weekly gain. This turnaround has been primarily fueled by an...

EdTech Insight – Mt. Gox begins repaying bitcoin to creditors a decade after exchange’s collapse — what it means

by EdTechMate | Jul 5, 2024 | CNBC, News & Insights

Executive Summary and Main Points The liquidation process of defunct cryptocurrency exchange Mt. Gox entering a decisive phase embodies significant trends in digital asset management and highlights the evolving dynamics of cryptocurrency restitution. This situation...

EdTech Insight – Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand

by EdTechMate | Jul 5, 2024 | CNBC, News & Insights

Executive Summary and Main Points Samsung Electronics has experienced a substantial surge in its share value, reaching its highest level since January 2021, driven primarily by stronger-than-anticipated profits in Q2 2024. The spike is attributed to a heightened...

EdTech Insight – Bitcoin slides to two-month low as Fed signals it’s not ready to cut rates yet

by EdTechMate | Jul 4, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points The global higher education landscape is poised for significant changes due to the intersection of economic headwinds and digital asset volatility. Bitcoin’s recent slump, triggered by a macroeconomic downturn and...

EdTech Insight – Microsoft’s Surface Pro is fine, but it isn’t the AI device to change personal computing

by EdTechMate | Jul 4, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points Microsoft’s introduction of the new Surface Pro, equipped with AI-capable Qualcomm chips, marks a strategic step towards energy-efficient and advanced computing in the sector of higher education technology. Despite...

EdTech Insight – Tesla short sellers lost $3.5 billion in two days of trading after deliveries report

by EdTechMate | Jul 4, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent surge in Tesla’s stock price, driven by better-than-expected vehicle deliveries, contrasts with the bearish predictions by short sellers. The electric vehicle (EV) pioneer has ramped up its sales efforts through...