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BYD Delays Mexico EV Plant Announcement Until After 2024 U.S. Presidential Election

Sep 04, 2024 14:59 pm UTC| Business Technology

BYD is holding off on announcing its new EV plant in Mexico until after the 2024 U.S. presidential election. The Chinese automaker, which recently set a new sales record, is waiting to see the political landscape before...

Intel Faces Potential Dow Jones Removal After 60% Stock Drop in 2024

Sep 04, 2024 14:55 pm UTC| Technology Business

Intels stock has plummeted nearly 60% this year, putting the company at risk of being removed from the Dow Jones Industrial Average. As Intel prepares a revival plan, the potential loss of this blue-chip status could...

NVIDIA Shares Plummet 10%, Losing $278 Billion Amid DOJ Antitrust Subpoena

Sep 04, 2024 14:39 pm UTC| Business Technology

NVIDIAs stock dropped 10% today, wiping out $278 billion in market value. Investors reacted to news of a Department of Justice antitrust subpoena, alongside concerns over the companys profit margins amid increasing chip...

Digital Currency Revolution

Solana ETF Approval 'Not Going to Happen,' Warns CF Benchmarks CEO, Citing Key Regulatory Gaps

Sep 03, 2024 22:58 pm UTC| Digital Currency Technology Business

CF Benchmarks CEO Sui Chung has dampened speculation about a Solana ETF approval, citing a lack of a regulated futures market as the key obstacle. This news has led to a 1.4% decline in SOLs price over the last 24...

Geely Takes on BYD with Sweet Deal: Low-Cost Xingyuan EV Launches with Ice Cream Test Drives

Sep 03, 2024 22:37 pm UTC| Technology Business

Geely is taking direct aim at BYD with its newly launched Xingyuan EV, a low-cost electric vehicle designed for city life. The launch comes with a unique promotion: free ice cream for test drivers, making this release as...

Digital Currency Revolution

Shiba Inu (SHIB) Price Stabilizes at Key Reset Point: Market Awaits Next Move

Sep 03, 2024 21:58 pm UTC| Digital Currency Technology Business

The price of Shiba Inu (SHIB) has reached a crucial reset point, leaving traders uncertain about the assets next direction. As volatility drops, the market stands at a crossroads. SHIB Hits Key Reset Point There has...

Digital Currency Revolution

Coinbase's CLO Hints at Potential Kamala Harris Support Amid Crypto Regulation Debate

Sep 03, 2024 21:41 pm UTC| Digital Currency Technology Business Politics

Coinbases Chief Legal Officer Paul Grewal has suggested that the exchange might lean toward supporting Vice President Kamala Harris as the crypto regulation debate intensifies. Coinbases Paul Grewal Hints at Political...

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Economy

Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility

Global financial markets extended their losses for a third straight session on Friday as a deepening Wall Street selloff rattled investor confidence across equities, cryptocurrencies, and precious metals. Rising concerns...

Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility

The U.S. dollar held firm near a two-week high on Friday, positioning itself for its strongest weekly gain since November as global markets grappled with heightened risk aversion. A sharp selloff in equities, led by...

Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record

Vietnams trade surplus with the United States expanded sharply in January, rising nearly 30% year on year, as strong export growth outweighed the impact of higher US tariffs, according to official data released on Friday....

Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target

The Bank of Japan (BOJ) is under growing pressure to raise interest rates in a timely manner as underlying inflation approaches its long-standing 2% target, according to comments from board member Kazuyuki Masu. His...

Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals

Gold and silver prices declined sharply in early Asian trading on Friday, extending steep losses from the previous session as profit-taking, a stronger U.S. dollar, and easing geopolitical tensions continued to pressure...

Politics

TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans

U.S. President Donald Trump has launched a new website called TrumpRx, aimed at helping Americans lower their prescription drug costs by offering discounted prices for those who prefer to pay cash instead of using health...

Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies

A federal judge in Missouri on Thursday dismissed a lawsuit filed by the Republican-led state that accused Starbucks of using its diversity, equity, and inclusion (DEI) commitments as a pretext for unlawful discrimination...

Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions

U.S. President Donald Trump has given his complete and total endorsement to Japanese Prime Minister Sanae Takaichi ahead of Japans national election this Sunday, signaling strong U.S. backing at a critical moment for...

U.S. Announces Additional $6 Million in Humanitarian Aid to Cuba Amid Oil Sanctions and Fuel Shortages

The United States will provide an additional $6 million in humanitarian aid to Cuba, bringing the total U.S. assistance to $9 million since Hurricane Melissa struck the island in October, according to a senior State...

South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns

South Korea has reaffirmed its commitment to fulfilling key obligations under its trade deal with the United States, pushing back against concerns in Washington that Seoul is dragging its feet on implementation. According...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....

Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports

The U.S. government is prepared to allow Chinas ByteDance to purchase Nvidias advanced H200 AI chips, but negotiations remain stalled as Nvidia has not agreed to the proposed conditions governing their use. According to...

Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised

Sony Corp (TYO:6758) reported stronger-than-expected third-quarter earnings, driven by solid performance in its gaming, music, and image sensor businesses. The Japanese conglomerate also raised its full-year forecast,...