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BUSINESS

  • Altman Supports Trump’s Leadership in AI – OpenAI’s $1 Million Donation Sparks Buzz Sam Altman donates $1M to Trump's inauguration, aligning with tech leaders to foster a cooperative relationship with the new administration.
  • Costco’s Solid Performance Outpaces the S&P 500 – Here’s Why You Should Care Costco's Q1 revenue hit $62.2B, surpassing forecasts, with strong membership growth and stable performance boosting stock value.
  • 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.
  • Goldman Sachs Predicts Tesla and Rivian Will Dominate Self-Driving Cars Goldman Sachs, a leading global investment bank, has forecasted that Tesla and Rivian will dominate the autonomous vehicle market next year.
  • U.S. Inflation Slows, But Experts Say It’ll Take Time to Cool Off November CPI shows inflation rising slowly due to strong consumer demand, with core inflation at 3.3% and food prices increasing.
  • Elon Musk Breaks Records—$400 Billion Net Worth Makes Him the Richest Elon Musk's net worth surpasses $400 billion, driven by Tesla's stock surge and SpaceX valuation growth amid investor optimism.
  • Elon Musk Becomes the World’s First $400 Billion Man, Thanks to Tesla and SpaceX Tesla's stock soared to an all-time high under Elon Musk, boosting his net worth to over $400 billion amid investor enthusiasm.
  • TikTok Fights Back Against Canadian Government's Shutdown Order, Arguing Unfair Treatment TikTok challenges Canada’s order to dissolve its business, claiming it exceeds authority and is procedurally unfair.
  • 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.
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