CoreWeave's stock surged after a bullish analyst rating, driven by soaring demand for AI computing services, but concerns remain about its heavy capital expenditure, high debt levels, and slowing growth, raising questions about its long-term profitability and valuation.
Tesla's Q3 earnings report revealed record revenue and free cash flow but showed a stall in growth due to margin pressures, higher costs, and demand pull-forward from tax credits, leading to a cautious outlook amid a high valuation and mixed analyst sentiment.
Despite recent economic challenges and weak employment figures in summer 2025, the US economy has continued to defy gloomy expectations, maintaining a resilient outlook amid growth slowdown and tariff issues.
Accenture is experiencing a slowdown in new business and bookings due to heightened economic and geopolitical uncertainty, leading to postponed hiring, a focus on larger projects, and organizational changes, with concerns about future growth especially from reduced US government contracts.
The World Bank reports that the global economy will slow sharply in 2025 due to US trade policies, with growth projected at 2.3%, the weakest decade since the 1960s, though a recession is not expected.
Nvidia's growth prospects are diminishing due to peak hyperscaler CapEx, increased data center revenue concentration risks, and geopolitical uncertainties, leading analysts to downgrade its bullish outlook and suggest that the company's past 'magic' may not be easily replicated in the future.
The growth of electric vehicles (EVs) has slowed down, leading investors and car companies to speculate on the future of the industry. Factors such as higher interest rates, EV technology, and Americans' willingness to adopt electric vehicles are being blamed for the slowdown.
Spotify CEO Daniel Ek announced in an internal memo that the company will be laying off approximately 17% of its workforce, amounting to around 1,500 jobs, as part of efforts to reduce costs and adjust for a slowdown in growth. Ek acknowledged that Spotify had taken on too many employees during a period of cheap capital and now needs to rightsize its costs. The decision comes after Spotify reported a profit in the third quarter and raised subscription prices earlier this year. The company has been expanding into podcasts and audio books but has faced challenges due to higher interest rates and a worsening macroeconomic backdrop.
Economists predict a sharp slowdown in the US economy in 2024 as high interest rates and the cumulative effect of high inflation over the past three years weigh heavily on households and businesses.
The British pound saw its biggest one-day gain in almost two weeks after data revealed that core inflation in the UK remained strong in July, while the Chinese yuan hit a nine-month low due to concerns over a deepening growth slowdown. The pound rose by around 0.3% against the dollar, while the yuan fell to its lowest level since November. The Bank of England is expected to raise rates further in September to combat high inflation. Meanwhile, the New Zealand dollar rebounded after the Reserve Bank of New Zealand held its cash rate steady and pushed back the timing of expected rate cuts.
Global factory activity remained in a slump in July, with private surveys showing a contraction in manufacturing activity in various regions. The slowdown in growth and weakness in China were identified as key factors impacting the world economy. The euro zone, including Germany, France, and Italy, experienced significant manufacturing contractions, while the UK also saw a decline in factory output. Asian countries such as Japan, South Korea, Taiwan, and Vietnam also faced manufacturing contractions due to sluggish Chinese demand. However, the Americas, including the US, Canada, Brazil, and Mexico, showed relative stability in factory activity, with Mexico even experiencing expansion to a seven-year high.
Amazon's first-quarter earnings and revenue beat Wall Street estimates, causing the stock to initially rise in after-hours trading. However, the stock later dropped after the company warned of a growth slowdown in its cloud computing unit during the current quarter.