The SEC’s unannounced visits are typically feared by companies, as they often signal trouble, but a new study suggests that insiders may be getting tipped off about these visits and selling their shares to avoid losses. Professors from Midwestern universities conducted research on stock behavior, using a novel approach to analyze possible insider trading practices. This study sheds light on potential unethical practices within the stock market.
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Tesla launches robotaxi service in Austin
Tesla has launched its robotaxi service in Austin, Texas, featuring 10 vehicles with a human safety driver amid scrutiny of its self-driving technology. While shares have risen 50% since April, the initial launch was low-key, limited to select social media influencers, as the company seeks to revitalize sales amid challenges and backlash against Elon Musk's activism. Need More Context? 🔎
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