As the electric vehicle price war escalates, Tesla has announced a new pack of buyer incentives in China. Among the incentives are insurance subsidies, discounts on change of paint.
The Bank of America has revealed that most investors have been allocating their fund sto the top 7 tech stocks and cryptocurrencies.
The grandchildren of Walt Disney have expressed their support to the CEO of Disney Bob Iger. Moreover, the relatives have slammed activist investors, who have pushed the recent failed products
For a fifth consecutive month, the Chinese factories have experienced a decline in activity, despite government stimulus measures.
The German government has proposed that the big tech companies pay for the implementation of new compliance laws that have to be introduced due to reduce the power of big tech.
Reuters has published the results of a poll, which reveals that two thirds of surveyed economists expect the European Central Bank to cut interest rates in June.
The United States authorities have stared an investigation into the failure of back up cameras of 220,000 Chrysler cars.
The shares of the chipmaker NVidia have overtaken the stock of Tesla as the most traded. The event has occurred due to both a decline TSLA trading activity and a surge of NVDA buying
As the price for Bitcoin has surged 22% during this year up to $52,005.00, the cryptocurrency has returned back above the $1 trillion market capitalization level. The benchmark was lost in late 2021.
Reuters has reported that various investment banks have increased their activity in the uranium trading sector, as investment in physical uranium has spiked 26% in 2023.
The tech giant Microsoft has continued to expand its AI infrastructure with a $2.1 billion investment in Spain.
The US energy company CenterPoint Energy has announced the sale of its Mississippi and Louisiana gas assets to Bernhard Capital Partners for $1.2 billion.
Elon Musk has announced that the first human implanted with the Neuralink chip has recovered and managed to control a PC mouse by thinking.
The recent reduction of the Chinese mortgage reference rate has been credited with boosting demand for real estate. Last week, the government did the largest cut since 2019.
The US consumer lender Capital One has started talks to acquire the credit card company Discover Financial Services.
The news agency Reuters has received the George Polk Award for the exposing and covering of Tesla manufacturing causing harm to consumers, workers and lab animals.
The major German chemicals and pharmaceutical company Bayer has cut its dividend payments to the legally lowest possible minimum. The company intends to keep payments at a minimum for three years, as it intends to reduce debt.
The French vehicle part supplier Forvia has announced that due to Chinese competition it is set to fire 10,000 employees.
A survey done by ResumeBuilder has revealed that 44% of surveyed companies expect AI technology to cause layoffs in 2024.
The European Union has started an investigation of TikTok over potential breaches of online content rules that protect children and ensure transparent advertising.
The German Bundesbank has commented that Germany is most likely in a recession due to weak external demand, low consumer spending and high borrowing costs beating down investment.
The Chinese Electric Vehicle maker BYD has launched a new plug-in hybrid Qin Plus DM-i. Moreover, the company has reduced the price of the new model by 20%.
The United States government has announced that it would award GlobalFoundries with $1.5 billion for the firm to expand its US semiconductor production.
This week, Nintendo announced that it would delay the successor to its Switch console until 2025. The news caused a market reaction that was observable in the company's stock price.