Econ Recaps

Massive Tesla DATA BREACH!! Weekly Market Recap// May 26th


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In the stock market, the S&P 500 went up, driven by technology and consumer companies. Tesla had mixed news, becoming the top-selling car in Europe but also facing a data leak issue. They partnered with Ford for charging network access. Elon Musk's Neuralink got approval for human trials. Ron DeSantis raised a lot of campaign funds quickly. The US Treasury has low cash, prompting concerns about the debt ceiling. Uber and Waymo are launching self-driving cars, while Meta was fined for privacy violations. Nvidia had strong earnings, Netflix faced backlash over new fees, and Microsoft warned of Chinese hacking. Economic data showed positive signs, and Big Lots had a disappointing quarter.
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Econ RecapsBy Corben Benda