The electric vehicle (EV) industry is witnessing seismic shifts, particularly among Chinese manufacturers. Companies like Leapmotor and Aito are showcasing astonishing growth reported from their May deliveries. Leapmotor, with its backing from Stellantis, launched an updated C10 model that has taken the market by storm, achieving a staggering 148% increase in year-on-year deliveries by selling
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In an era where technological evolution often dictates market dynamics, the meteoric rise of Bitcoin as a treasury asset has shifted the landscape of corporate finance dramatically. Companies once skeptical of cryptocurrencies are now jumping on the bandwagon, desperate to harness the potential that digital assets like Bitcoin offer. This trend began with Strategy, formerly
Tesla’s stock is a curious creature, oscillating wildly between euphoric highs and crushing lows. In May 2023, the shares surged dramatically, soaring over 20% despite glaring weaknesses in sales figures in crucial markets like China and Europe. This phenomenon begs the question: what exactly is fueling this apparent optimism in the face of dismal sales?
Elon Musk’s brief yet impactful involvement in the Trump administration as the head of the Department of Government Efficiency has captured attention not just for its substance, but also for the myriad contradictions inherent in his dual roles as a business icon and public servant. While Musk champions a vision of streamlined government aimed at
In a jarring revelation that encapsulates the pitfalls of rapid expansion in the fintech industry, Starling Bank has reported a staggering 26% decline in annual profits, as it grapples with the fallout from both regulatory missteps and questionable lending practices put in place during the pandemic. The UK-based digital lender, lauded for its user-friendly mobile
In an age where financial markets frequently fluctuate and digital currencies are increasingly gaining foothold, Trump Media’s recent decision to raise $2.5 billion for a substantial bitcoin treasury is a bold maneuver. Set against the backdrop of a politically charged climate, this move appears to be intricately woven into a larger narrative about economic empowerment
The ongoing technological rivalry between the United States and China has escalated into a fierce battle within the realm of artificial intelligence (AI). Tencent and Baidu, two of China’s tech giants, are not merely spectators; they have pivoted their strategies to stay competitive despite U.S. restrictions on semiconductor exports. While American policies aim to stifle
On Saturday morning, social media users were faced with another frustrating episode involving X, the platform formerly known as Twitter and owned by Elon Musk. Reports indicated that approximately 25,000 users encountered significant issues with functionality, creating widespread concern. Downdetector, the monitoring service that tracks online platform malfunctions, highlighted peaks that showed almost 21,000 complaints
In a brazen social media assertion early Friday, President Donald Trump declared that Apple must brace itself for significant tariffs, estimating at least 25% on iPhones manufactured overseas. His declaration represents a steadfast reiteration of his commitment to reshaping trade dynamics in favor of American manufacturing. Yet, what does this really entail for the average
On a pivotal Wednesday, Hong Kong made waves in the cryptocurrency landscape by passing a bold stablecoin bill designed to enhance its existing virtual asset regulatory framework. With this move, Hong Kong aims to establish itself as a safe haven for stablecoins, which hold their value by linking them to fiat currencies or other real-world