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BUSINESS

  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • China Takes Aim at Nvidia, Raising Antitrust Concerns Over Trump Tariff Fears China investigates Nvidia's acquisition of Mellanox, signaling concerns over U.S. tariff policies amid escalating trade tensions.
  • Uber Teams Up with Chinese Firm WeRide for First Autonomous Taxi Service in Abu Dhabi Uber and WeRide launch a commercial robo-taxi service in Abu Dhabi, marking a step towards autonomous vehicle integration in ride-hailing.
  • Chinese EVs Are Taking Over the Market—BYD and Xiaomi Are Stepping on Tesla's Toes Chinese automakers dominate the EV market, with BYD and Xiaomi rising fast, while U.S. and European brands struggle to keep pace.
  • NVIDIA’s Big Bet on Vietnam: $200 Million AI Factory and More NVIDIA partners with Vietnam to enhance AI development, marking a significant step for growth in Southeast Asia's tech landscape.
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