The recent surge in electric vehicle (EV) sales among Chinese carmakers like Leapmotor and Aito is nothing short of astonishing. Both companies have not only set delivery records but also demonstrated an impressive growth trajectory amidst an escalating price war. Leapmotor, supported by Stellantis, pushed out 45,067 vehicles in May—a staggering 148% year-on-year increase. Meanwhile,
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Bitcoin’s journey from an obscure digital currency to a financial powerhouse is indeed monumental, yet one can’t help but feel that amidst the frenzy of corporate adoption, we might be glossing over some critical aspects. Companies like Trump Media and GameStop are now jumping on the bitcoin bandwagon, attempting to replicate the meteoric rise enjoyed
Despite recent setbacks, particularly in Tesla’s sales across major markets like China and Europe, the stock has managed a notable rally in May. It is projected to experience an increase of over 20%, which raises eyebrows against the backdrop of a stark reality: sales performance has been spiraling downward. This phenomenon appears paradoxical at best
Elon Musk’s recent exit from government service is more significant than a mere career change; it signals a pivotal shift in the intersection of business and politics. His brief tenure under President Trump, overseeing the Department of Government Efficiency, allowed him to draw attention to the rampant inefficiencies that plague federal spending. Musk’s remarks about
Starling Bank, the once-dominant British online lender, is grappling with significant financial challenges, having reported a staggering 26% drop in annual profit. The financial results for the year ending March 31, 2025, show a profit before tax of £223.4 million (approximately $301.9 million). This downturn is alarming, especially considering the backdrop of a 5% revenue
In an audacious move that simultaneously dazzles and unsettles, Trump Media has announced a staggering $2.5 billion capital raise from institutional investors aimed at firmly embedding itself within the cryptocurrency landscape. This announcement, which initially led to a 10% fallout in share prices, marks a pivotal shift from a platform aimed at free speech to
In the rapidly evolving landscape of artificial intelligence (AI), China’s tech behemoths, Tencent and Baidu, are pushing the boundaries despite facing stringent U.S. chip export restrictions. These constraints, primarily affecting key semiconductor players like Nvidia and AMD, aim to curb China’s technological ascendance. However, rather than crumbling under pressure, these companies exhibit a remarkable ability
In a digital age where social media has become a cornerstone of communication and interaction, the outages plaguing Elon Musk’s social media platform, X (formerly Twitter), highlight a troubling trend that cannot be overlooked. This past Saturday morning, approximately 25,000 users found themselves locked out of the platform, a situation that is becoming alarmingly repetitive.
The business landscape for Apple Inc. is increasingly precarious, predominantly due to the recent threats of punitive tariffs from former President Donald Trump. Trump’s bold ultimatum, demanding that any iPhones sold in the U.S. must be manufactured domestically, reflects a growing sentiment among consumers and political leaders alike for a resurgence of American manufacturing. However,
In an era where digital currencies are in constant turmoil, the recent passage of Hong Kong’s stablecoin bill marks a pivotal moment in the regulatory landscape of cryptocurrency. While many jurisdictions lurk in a quagmire of uncertainty, Hong Kong has emerged with a clear, focused approach. The proposed regulations, set to unfold this year, aim