The electric vehicle market’s focus on power and acceleration has not been enough to spur greater sales, with EVs making up less than 10% of the US new car market, with market insiders suggesting that the industry now needs to focus on reducing prices and improving charging capacity and vehicle range. Home Depot shares have fallen after the company reported below-expectation earnings and subsequently reduced its full-year outlook. However, revenues for the third quarter rose 4.8% to $41.35 billion and outpaced expectations of $41.1 billion. Nvidia’s Q3 earnings release is causing some concern among investors, with some fearing a sell-off is coming due to elevated expectations around the results. President Trump has called for ABC’s broadcast license to be revoked after a reporter asked him about documents relating to notorious sex offender Jeffrey Epstein. Meta has emerged victorious from its high-profile antitrust case against the Federal Trade Commission, which had accused the company of having a monopoly in social networking, based on Meta’s acquisitions of Instagram and WhatsApp. Analysts downgraded Microsoft to a hold from a buy, reducing their price target to $500 from $560, arguing for a more cautious stance on AI valuations. Bitcoin took a brief dip below a critical $90,000 support level on Tuesday, although price stabilization followed shortly after, supporting the concept that the cryptocurrency’s bottom has not yet been reached.
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