Stock Market

Hello, and welcome to TechScape. In this week’s edition, we delve into the rollercoaster ride that is Elon Musk’s career. Despite a series of recent setbacks and growing public criticism, Musk remains at the helm of Tesla—an outcome that puzzles many industry watchers. Today, we examine the mounting challenges for both Musk and his marquee company, while also taking a look at how competitors like Apple and Meta are faring in their own tech battles.

policy support from the world’s second-largest economy.

Ailing casino operator Star Entertainment’s rescue efforts have taken a new twist, after the company received a fresh offer from a US gambling firm led by New York hedge fund manager Soo Kim. Kim, known for acquiring distressed casinos, has proposed an alternative plan to help the struggling Australian company.

Nike, the sportswear giant, is facing a difficult year. With sales dipping and stock values plummeting by over 25% in the past 12 months, the company is seeking innovative ways to revive its brand and stay competitive in the ever-evolving athletic apparel market. The solution? A partnership with none other than Kim Kardashian. This collaboration is set to introduce a groundbreaking new brand called "NikeSkims," combining Nike's legendary sportswear with Kardashian's popular shapewear line, Skims.