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BUSINESS

  • U.S. Congress Fails to Pass Biosecurity Act, WuXi Biologics Resumes Plant Construction The U.S. Congress has failed to pass the Biosecurity Act this year, a bill aimed at countering Chinese biotech firms.
  • Inflation Fears Push U.S. Treasury Yields to Highest in Six Months Renewed inflation fears in the United States have pushed the yield on 10-year Treasury bonds to its highest level in six months.
  • 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.
  • 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.
  • 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.
  • 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.
  • Bitcoin to Be the World’s Official Currency? CZ Predicts Global Adoption in 10 Years Changpeng Zhao predicts Bitcoin will become a key global financial asset within a decade, replacing gold and aiding economies.
  • Russia Losing the Battle Against Inflation? Central Bank Raises Rates by 200 Basis Points The Bank of Russia is set to raise its key interest rate to 23% due to soaring inflation driven by the ongoing conflict and sanctions.
  • Bitcoin Hits Historic High of $106K: How Trump’s Comments and Fed Moves Are Impacting Crypto Markets Bitcoin reached a record high of $106,458, fueled by Trump's comments on a strategic reserve fund and potential Fed interest rate cuts.
  • Why Are Oil Prices Dropping? Fed’s Decision and China’s Economic Slowdown Explained Oil prices continued downward as investors grew cautious ahead of the Federal Reserve's upcoming interest rate decision.
  • Bitcoin Hits Record High, But Wall Street’s Top Investors Are Having Second Thoughts Wall Street's top investors are reassessing Bitcoin, with some softening their criticism and acknowledging its potential as an asset.
  • UAE Aims to Lead the World in Sustainability with Revolutionary Battery Recycling Project The UAE announces its first battery recycling plant, aiming to support sustainability and the growing electric vehicle ecosystem.
  • Apple's AirPods Now Made in India, Phasing Out China Apple begins pilot production of AirPods in India, marking a shift in manufacturing strategy amid rising costs in China.
  • Oil Prices Rise as EU and U.S. Eye Sanctions on Russian Crude Global oil prices rise due to potential sanctions on Russian crude, while Broadcom hits a $1 trillion market cap amid strong earnings.
  • Mineral Wars: How Nations Are Competing to Secure Energy Resources Global competition for critical minerals intensifies as nations adopt protectionist policies to secure resources for energy transitions.
  • NVIDIA's Big Move in China: 1,000 New Hires to Boost AI Automotive Projects NVIDIA is rapidly expanding its AI research team in China, focusing on autonomous driving projects amid rising demand for semiconductors.
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