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TezNewz delivers AI-scored financial news with impact ratings from -100 to +100. Latest stories cover Unknown, Consumer Cyclical, Financial Services, Technology sectors. Top impact story: "Dogecoin Rallies Even As Musk-Floated DOGE Initiative Ends: Popular Analyst Sees 'Buy Signal' That Previously Led To 101% Rebound" with +70 impact score.
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Dogecoin (DOGE) saw a price increase of over 2% in the last 24 hours, trading at $0.1465, with a trading volume of $1.5 billion. This rally occurred despite the disbandment of the Department of Government Efficiency, an initiative previously supported by Elon Musk. Notably, a 'Buy' signal was identified by analyst Ali Martinez using the TD Sequential indicator, which previously led to a 101.5% price rebound for DOGE. Additionally, open interest in DOGE futures rose by 3.27% in the same period.
Tesla Inc. has successfully completed the self-certification process for its Robotaxis in Nevada, allowing it to potentially deploy autonomous vehicles in the state. However, commercial operations will still require regulatory approval from the Nevada Transportation Authority, and Tesla has yet to submit its application for a commercial permit. CEO Elon Musk has indicated plans to expand Robotaxi operations into Nevada, Arizona, and Florida by the end of 2025, while also hinting at achieving unsupervised autonomy with the upcoming FSD v14. Despite a slight decline in stock price to $391.01 at market close, TSLA saw a 0.70% increase in after-hours trading to $393.83.
Investor Steve Eisman has endorsed Progressive Corp. (NYSE: PGR) as a strong buying opportunity, citing its current valuation at approximately 13.5 times the 2026 consensus earnings estimate. Progressive recently reported third-quarter revenue of $20.849 billion and earnings of $4.06 per share, missing analyst expectations, which led to most analysts lowering their price targets. Despite a year-to-date decline of 5.71%, the average consensus price target for the stock is $263.07, indicating a potential upside of 15.93% from current levels.
Malaysia is set to ban social media accounts for children under 16 starting next year, requiring platforms to implement electronic Know Your Customer (eKYC) identity checks. This decision follows an October Cabinet resolution to raise the minimum age for social media access from 13 to 16, as part of the Online Safety Act effective January 1, 2026. The move aligns with Australia's strict social media regulations, which include significant penalties for noncompliance, increasing global scrutiny of social media platforms.
Ruchir Sharma, CIO of Breakout Capital, warns that approximately 40% of U.S. economic growth this year is reliant on AI infrastructure investments, with nearly 80% of recent stock market gains driven by AI-related stocks. He highlights that this concentration of risk is masking underlying structural issues, such as a fiscal deficit exceeding 6% of GDP and national debt over 100% of GDP. Sharma suggests that the current market environment resembles a bubble, which could burst if inflation prompts the Federal Reserve to tighten monetary policy.
Tesla Inc. CEO Elon Musk announced that the latest update to the Full Self-Driving (FSD) technology, version 14.3, is expected to be the final piece needed for unsupervised autonomy in Tesla vehicles. The update has received positive feedback for its improvements, although some mapping issues were noted. Musk has hinted at the potential for driverless Robotaxis in Austin by the end of the year, while Tesla is also exploring expansion into the European market in 2026. Despite a recent decline in stock price, TSLA saw a slight increase in after-hours trading.
Eric Trump, co-founder of American Bitcoin Corp. (NASDAQ: ABTC), expressed optimism about Bitcoin during a CNBC interview, urging investors to buy during the current market dip. He reiterated his prediction that Bitcoin could reach $1 million, although he noted it may take several years. Currently, American Bitcoin holds 4,004 BTC valued at approximately $350 million. As of the latest data, Bitcoin is trading at $87,344.15, while ABTC shares closed 3.28% lower at $4.430.
Leading cryptocurrencies, including Bitcoin, Ethereum, XRP, and Dogecoin, experienced a rebound following a steep sell-off, with Bitcoin gaining 1.56% to $86,716.06 and Ethereum rising 0.14% to $2,788.04. Bitcoin's trading volume surged by 50% to $57 billion, indicating increased trader interest. Despite this recovery, Bitcoin and Ethereum had previously dropped 8.82% and 11.16%, respectively, earlier in the week, while the global cryptocurrency market capitalization increased by 1.3% to $2.95 trillion.
The sentiment around MSTR is predominantly bullish, with users engaging in a cycle of short calls and long positions based on market sentiment. One user highlighted a dramatic fluctuation in their investment, showcasing the volatility associated with MSTR trading.
The Trump administration is considering allowing Nvidia Corp. (NASDAQ: NVDA) to trade its H200 AI chips with China, marking a potential shift from previous semiconductor export controls. This news led to a 2% increase in Nvidia's shares, reaching $184.29. The proposed sale could significantly enhance Nvidia's market presence and profits, although it may face opposition from US lawmakers concerned about China's advancements in AI technology.