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BUSINESS

  • China Slams U.S. for Blocking Nippon Steel’s Acquisition, Calls It Protectionism China's state media criticized the US for blocking Japan's steel acquisition, labeling it as protectionism and a political maneuver.
  • Brent Crude Hits $76 as Saudi Arabia's Price Increase and Supply Constraints Drive Up Oil Costs Saudi Arabia's oil price hike drives crude to three-month highs, amidst supply constraints from Iran and Russia affecting the market.
  • US New Vehicle Sales Projected to Reach 15.9 Million in 2024, Led by Hybrid Demand US vehicle sales are set to reach 15.9 million in 2024, led by hybrids, as market dynamics shift under new policies.
  • Uber and Lyft Prepare for Robotaxi Launches in U.S. Cities This Year Uber and Lyft are set to launch robotaxis in select US cities, focusing on safety and infrastructure challenges.
  • Sumitomo Corporation Boosts U.S. Aviation Position with Full Acquisition of Warner-Aero Sumitomo Corporation aims for full ownership of Warner-Aero by 2024, targeting growth in the U.S. aviation parts market amid rising demand.
  • Lucid Motors Sets New Sales Record in 2024, Shares Jump 8% Lucid Motors sees a surge in shares after reporting strong sales, with plans for mass production of the Gravity SUV this year.
  • Uber Stock Jumps Following $1.5 Billion Share Repurchase Announcement Uber's stock surged after announcing a $1.5 billion share repurchase plan, part of a broader $7 billion buyback initiative.
  • AMD Chips Powering Dell’s Business PCs, Offering 90% Faster AI Performance at CES 2025 Dell integrates AMD's new Ryzen AI Max chips into business PCs, enhancing AI performance and diversifying its hardware supply chain.
  • Intel Struggles with Declining Market Share While AMD Dominates at CES 2025 Intel faces challenges in the semiconductor sector as AMD strengthens its position with new AI chips, leading to market share decline.
  • NVIDIA Hits All-Time High After Foxconn Reports Record-Breaking Q4 Sales NVIDIA's stock hit a record high, driven by Foxconn's strong Q4 sales and anticipation of new AI chip announcements at CES 2025.
  • Tesla Under Fire for Covert Cybertruck Battery Replacements Without Consumer Notification Tesla faces backlash for secretly replacing Cybertruck batteries without owner notification, raising concerns about transparency and safety.
  • Lotus Proves EV Battery Durability with 1,832°F Fire Test: A Reassurance for Consumers Lotus showcases the safety of its EV batteries by withstanding extreme heat, addressing consumer concerns over EV fire incidents.
  • Tesla’s Data Collection Controversy: How Far Is Too Far When Tracking Personal Information? A Tesla Cybertruck explosion in Las Vegas raises concerns over data collection and privacy, highlighting the need for better regulations.
  • Why Big Business is Throwing Its Support Behind Trump's Inauguration and Policy Corporate donations to Trump surge, exceeding $200 million post-election, with major firms eager to align with his policies.
  • iPhone Sales Slump in China as Demand for Non-Chinese Smartphones Drops 47% iPhone demand in China is falling, with Apple facing challenges from local rivals like Huawei amid the economic slowdown.
  • Ben Bernanke Warns Trump’s Interference with Fed Independence Could Hurt Inflation and Markets Ben Bernanke warns that interference with the Fed's independence could harm inflation and markets, stressing the need for clear communication.
  • PayPal Sued for Excluding Asian American Entrepreneurs from $535 Million Investment Initiative PayPal faces a lawsuit for racial discrimination, accused of excluding an Asian American entrepreneur from a $535M initiative.
  • Lyft Offers Discount Credits to Riders as NYC Congestion Pricing Kicks In Lyft introduces discount credits for riders amid NYC's new congestion pricing, helping offset added costs during January.
  • United Airlines Teams Up with Starlink to Bring Wi-Fi to All Its Flights United Airlines partners with Starlink for in-flight Wi-Fi, aiming for full fleet coverage by 2025, with limited free access for members.
  • Italy Seeks SpaceX’s Help: €1.5 Billion Contract for Satellite and Encryption Services Italy is negotiating a €1.5 billion contract with SpaceX for secure communications and satellite services for military operations.
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