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BUSINESS

  • Bitcoin Soars to New Heights: Is $100K Next? Bitcoin's price surged to $92,355turmoil. It is viewed as a safe-haven asset, and new options trading enhanced investor confidence.
  • Gold Rallies to $2631 as Russia’s Nuclear Policy Stirs Market Unrest Gold prices rose as geopolitical tensions increased, driven by Russia's nuclear policy changes and economic uncertainties.
  • BlackRock Dumps Lucid Shares as EV Market Braces for Trump's Return BlackRock reduced its Lucid stake amid concerns over Trump's potential EV subsidy cuts, affecting the stock's performance.
  • Apple’s M4 Max Outperforms Past GPUs, But NVIDIA’s RTX 4090 Still Takes the Lead Apple's M4 Max chipset shows strong GPU performance, surpassing older models but lagging behind NVIDIA's top-tier GPUs.
  • ByteDance's Value Skyrockets to $300 Billion as TikTok Faces U.S. Scrutiny ByteDance's valuation has surged to $300 billion amid scrutiny and potential U.S. ban on TikTok, prompting legal action by the company.
  • NVIDIA’s Blackwell Chip Hit by Overheating Issues, Causing More Delays NVIDIA's Blackwell AI chip faces delays due to server overheating issues, affecting major tech firms' plans for its release.
  • Is Michael Burry Making a Mistake? The Hedge Fund Guru’s Risky Play on China Michael Burry increases investments in Chinese firms while hedging against potential declines, reflecting cautious market sentiment.
  • TSMC Sued for Alleged Racial Discrimination: American Workers Speak Out Against Bias TSMC faces a lawsuit for alleged discrimination against American employees at its Arizona facility, favoring Taiwanese staff.
  • World's Largest Miner Goes Big: $7 Billion Investment in Chilean Copper BHP plans to invest over $7 billion in Chilean copper operations to meet rising demand, despite projected production declines by 2030.
  • 77% of South Korean Companies Fear Trump's Win Could Spell Trouble for Trade South Korean firms fear U.S. election outcomes will harm the economy, prompting cuts in R&D and cautious investment strategies.
  • NVIDIA Faces Class Action Lawsuit at Supreme Court—What’s at Stake for Investors? The U.S. Supreme Court reviews a class action lawsuit against NVIDIA, focusing on shareholder claims of misleading revenue disclosures.
  • Musk's $44 Billion Gamble: Will X's Ad Revenue Bounce Back Under Trump’s Watch? After Musk's Twitter acquisition, advertisers are returning, influenced by Trump's win, but ad revenue remains challenged.
  • Amazon’s New Low-Cost Store Aims to Compete with China’s Temu and Shein Amazon launches Amazon Haul, a web store for ultra-low-priced items under $20, targeting competition from Chinese platforms.
  • AMD Lays Off 1,000 Employees as It Shifts Focus to AI Chips Amid Competition with Nvidia AMD lays off 1,000 employees as it shifts focus to AI chips, aiming to compete with Nvidia in the growing data center market.
  • Another Recall Hits Tesla’s Cybertruck—This Time for a Serious Power Issue Tesla recalls 2,431 Cybertrucks to replace a faulty drive inverter, marking its sixth recall since launch, but sales remain strong.
  • Meta must face antitrust trial by FTC: Issues with Instagram and WhatsApp acquisitions A federal court allows the FTC's antitrust lawsuit against Meta to proceed, alleging monopoly through Instagram and WhatsApp acquisitions.
  • Waltz Advocates for South Korea-U.S. Shipbuilding Partnership to Challenge China’s Maritime Power Trump’s second term may boost US-South Korea shipbuilding ties to counter China’s naval growth, says National Security Advisor Waltz.
  • Bitcoin Surpasses $90,000, Jump Fuels Optimism for $100K Next Bitcoin surpassed $90,000 for the first time post-election, reflecting strong market confidence in its continued rise.
  • Copper Prices Tumble: What’s Behind the 12% Drop Since Trump’s Election? Copper prices are declining due to U.S. tariffs and disappointing Chinese stimulus, impacting the global metal market significantly.
  • Apple’s iPhone 15 Dominates the Top 3 Spots—Samsung Trails Close Behind Apple's iPhone 15 series dominated Q3 2023, taking the top 3 spots, while Samsung's Galaxy A series secured strong positions in the top 10.
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