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BUSINESS

  • Elon Musk's X Investment Disaster: $15 Billion Lost and What It Means for the Future Tesla CEO Elon Musk's acquisition of X (formerly Twitter) has seen its valuation plummet to $15 billion within just six months. 
  • Tesla Eyes Approval for FSD Sales in China by Year-End Analysts suggest Tesla might gain FSD approval in China by year-end, potentially boosting global autonomous driving and software revenue.
  • Toyota Reduces Production by 500,000 Vehicles Due to Typhoon and Quality Issues Toyota lowered its annual production target to 9.8 million vehicles, citing weak Chinese sales, certification issues, and typhoon.
  • From Nvidia to Lucid: Why CalPERS Is Betting Big on Electric Vehicles CalPERS increased its Lucid Motors investment by 24%, buying 262,123 shares, anticipating growth as Lucid expands electric vehicle rollout.
  • How Warren Buffett Stays Healthy at 94: Junk Food, Good Sleep, and Happiness Warren Buffett, 94, remains healthy while enjoying junk food daily, attributing his longevity to good sleep, mental engagement, and happiness.
  • Shocking Truth Behind China’s AI Surge—What the U.S. Can Learn from Their Success China may soon surpass the U.S. in AI, with U.S. export controls potentially accelerating China's advancements rather than hindering them.
  • China's EV Market Hits Rough Patch: Over 100 Companies Struggling Amid Price Wars and Subsidy Cuts North Korean hacking targets South Korean defense; global cybersecurity shortages drive U.S. salaries up, surpassing South Korean rates.
  • GM Hits Pause on Major Lithium Project Amid Trump Concerns GM postponed its $330 million investment in Lithium Americas' Thacker Pass project due to Trump’s potential re-election concerns.
  • Apple and NVIDIA Eye Massive Investment in OpenAI—What This Means for AI’s Future Apple and NVIDIA are exploring significant investments in OpenAI, with Thrive Capital leading a $1 billion funding round.
  • Musk vs. Brazil: Starlink's Financial Accounts Frozen in Epic Legal Battle There is an ongoing trend of holding platform owners accountable for activities occurring on their social media platforms.
  • Hyundai and Kia Earn 'A' Credit Ratings from Major Agencies Hyundai Motor and Kia recently earned A ratings from U.S. agencies Moody's Standard & Poor's (S&P) and U.K.'s Fitch.
  • From Buffett’s Desk to $1 Trillion: How Berkshire Hathaway Achieved This Milestone Berkshire Hathaway, led by Warren Buffett, has reached a $1 trillion market cap for the first time, surpassing major tech firms.
  • First Quantum Minerals Seeks $20 Billion in Compensation from Panama Over Cobre Panamá Mine Shutdown First Quantum Minerals seeks $20 billion from Panama for the shutdown of Cobre Panamá, affecting copper stockpile worth up to $340 million.
  • Warren Buffett Offloads $982 Million in Bank of America Stock as Berkshire Cuts Stake by 13% Warren Buffett sold $982 million of Bank of America shares, reducing Berkshire Hathaway’s stake by 13% since July.
  • KOSPI Falls Over 1% Despite Strong Nvidia Earnings: 'Expectations Were Too High' Nvidia's Q2 revenue surpassed expectations but fell short of market hopes, leading to declines in major Korean semiconductor stocks.
  • Nvidia Posts Record Q2 Earnings but Stock Falls as Market Expectations Remain High Nvidia's strong Q2 earnings and upbeat Q3 guidance led to a stock drop, reflecting the market's high expectations.
  • Snapchat Finally Launches Native iPad App After 13 Years Snapchat has introduced native iPad support after 13 years, filling the screen and enhancing accessibility, though only in portrait mode.
  • UBS Ups U.S. Recession Risk as Job Market Slows Down UBS increased the probability of a U.S. recession to 25% amid weak job growth and rising unemployment, citing an uncertain economic outlook.
  • Big Brands Pulling Out of China: What’s Behind the Massive Exit and Restructuring? As China’s consumer market falters, global firms like IBM and Din Tai Fung are restructuring or exiting, while Walmart expands.
  • U.S. Government Pumps $50 Million into HP for Cutting-Edge Semiconductor Tech The U.S. government is granting $50 million to HP for semiconductor tech, boosting life sciences and AI equipment production.
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