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BUSINESS

  • Bitcoin Dips, Tesla Drops—Is the Trump Trade Finally Losing Steam? U.S. stocks decline amid mixed signals from the Fed, with concerns over the "Trump trade" and optimism in AI sectors influencing the market.
  • Nvidia Breaks Losing Streak, But Market Still Struggles Amid Fed Uncertainty After the Fed's rate cut, major indices showed mixed results; Dow rose slightly while S&P 500 and Nasdaq fell, dampening investor sentiment.
  • U.S. Cracks Down on NVIDIA’s China Exports as Smuggling Ring Evades Detection The U.S. Department of Commerce has reportedly asked NVIDIA to investigate the distribution of its products to China over the past year.
  • Musk Eyes Unsupervised Driverless Cars in Texas and California Tesla accelerates autonomous driving efforts in Texas, aiming for fewer regulations and advancing technology under Trump's administration.
  • Flying Cars Hit China’s Skies: Xpeng’s Modular 'Land Aircraft Carrier' Stuns China's low-altitude economy is booming, with companies like Xpeng Huitian leading the way in developing flying cars and eVTOLs.
  • Stock Market Opportunity? Analysts Say Now's the Time to Increase Holdings Analysts suggest increasing stock holdings as the Fed signals a halt to rate cuts, despite concerns over inflation and job market stability.
  • Bitcoin Faces a Crash After Trump’s Inauguration, According to Arthur Hayes Arthur Hayes predicts a Bitcoin crash during Trump's inauguration due to a sell-off driven by unmet investor expectations.
  • Billionaire Investor Stanley Druckenmiller Names His Top Stock Pick for Q3 Wall Street legend and billionaire investor Stanley Druckenmiller has named Coupang his top stock pick for the third quarter of this year.
  • Japan’s Auto Giants, Honda and Nissan, Discuss Merger as Financial Woes Mount Honda and Nissan are in merger talks to address financial struggles and enhance competitiveness amid declining EV sales and market share.
  • Microsoft to Buy 485,000 NVIDIA Chips, More Than Triple Last Year’s Purchase Microsoft plans to buy 485,000 NVIDIA Hopper chips in 2024, significantly outpacing competitors like Meta in AI chip acquisitions.
  • Hyundai’s Ioniq 5 N Outpaces the Competition, Wins Two US EV Awards Hyundai's Ioniq 5 N wins The Drive's Best EV of 2024, praised for performance and fun, rivaling traditional combustion models.
  • China's Temu Tops U.S. App Store Again, Beats Instagram, TikTok in 2024 Temu becomes the most downloaded free app in the U.S. for the second year, challenging Amazon amid regulatory scrutiny on Chinese imports.
  • Biden's Section 301 Investigation Could Hit China’s Chip Exports Hard The Biden administration is preparing to investigate unfair trade practices related to legacy semiconductors from China.
  • Is NVIDIA Losing Its Edge? Stock Declines While Competitors Like Broadcom Rise NVIDIA's stock has dropped below $140, raising concerns as competition from Broadcom grows, signaling a shift in tech leadership.
  • Pfizer Projects $64 Billion in Revenue for 2024, Shares Soar on Strong Earnings Outlook Pfizer projects strong revenue and earnings for 2024 and 2025, with cost-cutting measures aiding financial growth.
  • Meta Slapped with $264 Million Fine Over 2018 Facebook Data Breach Meta fined €251 million by the EU for a 2018 data breach affecting millions, revealing vulnerabilities exploited by hackers.
  • Tesla Reaches New 52-Week Highs with Boost from Trump’s Administration Tesla's stock soars to new highs, boosted by Trump's re-election and Musk's influence, marking an 84% increase since November.
  • Uber’s $1 Million Donation to Trump’s Inauguration Fund Sparks Industry Buzz Uber and its CEO pledge $1M each to Trump's inauguration fund, joining other corporations to foster goodwill with the new administration.
  • Big Tech Stocks Are Back – Here’s How They’ll Fuel the Year-End Boom Analysts predict big tech will drive a year-end stock surge, supported by strong earnings and an improving economic outlook.
  • Why Meta is on Track to Rule the AI World in the Next Two Years Meta is leading in generative AI, with plans for an AI studio by 2025 and significant growth in user engagement and revenue.
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