June 23, 2025

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Latest June 23, 2025

Tesla’s Robotaxis Hit the Streets of Austin with Paying Customers

Key Points Tesla has launched its first robotaxi service with paying customers in Austin, Texas. The trial is very limited, with only about 10 cars, a safety monitor on board, and operating in a specific area. CEO Elon Musk called the launch the culmination of 10 years of work. The launch comes just as Texas passed a new law requiring...

Fintech’s New Reality: The Road to Profitability

For years, financial technology (fintech) was one of the hottest investment areas, with companies promising to disrupt traditional banking forever. Investors poured money into firms focused on rapid user growth, often ignoring massive losses. The party has since ended. With higher interest rates and a more skeptical market, the new mantra for fintech is profitability. The companies that can demonstrate...

Stocks Fall as Mideast Tensions Rise After US Strikes on Iran

Key Points U.S. stock futures declined as concerns about a broader Middle East conflict intensified. The market was reacting to news that the U.S. launched airstrikes on Iran's nuclear sites over the weekend. The conflict caused oil prices to spike on fears that Iran could disrupt global supplies. Energy and defense stocks rose on the news, but the broader market...