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BUSINESS

  • Tesla Hits $400, SpaceX’s $500B Valuation: Musk’s Companies Soar as Trump’s Inauguration Nears Elon Musk's Tesla and SpaceX gain prominence, with Tesla's stock nearing an all-time high and SpaceX valued at $500 billion.
  • Oil Prices Rise Following the EU's Agreement to Impose Additional Sanctions on Russia Global oil prices rise as EU imposes new sanctions on Russian oil, impacting supply and increasing prices amid ongoing conflict in Ukraine.
  • Microsoft Rejects Bitcoin Proposal, Sending Shockwaves Through Crypto Market Microsoft shareholders rejected a Bitcoin proposal, causing market volatility and a decline in both Bitcoin and Microsoft's stock prices.
  • UAW Stands Firm as Volkswagen Offers 14% Wage Increase to Tennessee Workers Volkswagen's wage increase proposal faces union criticism amid historic unionization at its Tennessee plant, highlighting labor tensions.
  • Tesla Stock Soars 69% Following Trump’s Election Victory and Self-Driving Push Tesla's stock soars post-Trump's election, driven by optimism for autonomous driving and Musk's close ties with the administration.
  • Apple Partners with Broadcom for AI Server Chips in Strategic Move Against NVIDIA Apple partners with Broadcom to develop AI server chips, targeting mass production by 2026, aiming to reduce reliance on NVIDIA.
  • China Investigates NVIDIA for Breaching Commitments After Halting GPU Supplies China is probing NVIDIA for antitrust violations after the company halted product supplies, breaching commitments amid U.S. export controls.
  • Elon Musk’s Plans for India Are Back on Track—How Tesla’s Showroom Could Reshape the EV Market Tesla is reconsidering its entry into the Indian market, eyeing reduced tariffs and potential investment in local EV production.
  • U.S. DOE Announces $17 Million Boost for Lithium, Nickel, and Rare Earth Research The DOE will invest $17 million in 14 projects to enhance U.S. energy security and domestic supply chains for critical minerals.
  • U.S. Pumps $6.2 Billion Into Micron—Could This Help the U.S. Lead the Semiconductor Race? The U.S. Commerce Department grants Micron $6.2 billion for semiconductor plants, boosting domestic production under the CHIPS Act.
  • NVIDIA, Semiconductor Stocks Slide as Chinese Antitrust Investigation Weighs on Market Semiconductor stocks fluctuated, with NVIDIA declining due to an antitrust probe, while Google and Apple saw gains.
  • Insurance Industry Faces $600 Billion Climate Loss Over 20 Years—Here’s What’s Behind the Shocking Figures Climate change has caused over one-third of weather-related insurance losses, totaling $600 billion, highlighting urgent industry reforms.
  • Citigroup Warns: Trump’s Tariff Threat Could Send Copper Prices Crashing Citigroup predicts a bearish copper market, lowering projections due to trade policy concerns and economic risks, projecting $8,750 per ton by 2025.
  • ByteDance Defies Restrictions to Buy Over 200,000 NVIDIA AI Chips—Here’s What It Means ByteDance becomes China's largest NVIDIA AI chip buyer, facing challenges amid U.S. export controls and TikTok's user growth slowdown.
  • Russian National Arrested for Allegedly Stealing Military-Linked Chip Tech A former ASML employee is accused of stealing microchip design manuals, with a court hearing underway in Rotterdam.
  • Boeing to Lay Off 396 Workers in Washington State as Part of Global Restructuring Boeing plans to lay off 396 employees in Washington as part of a global restructuring affecting 17,000 positions.
  • Tesla's Robotaxi Service Coming Soon to California and Texas, With Human Operators on Standby Tesla plans to launch a robotaxi service in California and Texas next year, using company-owned vehicles with remote operators for safety.
  • Oil Prices Surge as China’s Economic Shift and Syrian Instability Stir Markets China's economic growth measures and Syria's instability have led to a rise in New York oil prices, reflecting market concerns.
  • Volkswagen Eyes Exit from China as Sales Plummet and Labor Strikes Escalate Volkswagen faces financial woes, considering selling factories in China amid union strikes and restructuring plans in Germany.
  • NVIDIA Under Fire: China Investigates Acquisition as Stock Takes a Hit NVIDIA's stock fell after China investigated its antitrust practices, despite significant revenue growth and market dominance in AI.
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