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BUSINESS

  • 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.
  • Japan’s Auto Giants, Honda and Nissan, Discuss Merger as Financial Woes Mount Honda and Nissan are in merger talks to address financial struggles and enhance competitiveness amid declining EV sales and market share.
  • Microsoft to Buy 485,000 NVIDIA Chips, More Than Triple Last Year’s Purchase Microsoft plans to buy 485,000 NVIDIA Hopper chips in 2024, significantly outpacing competitors like Meta in AI chip acquisitions.
  • 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.
  • Pfizer Projects $64 Billion in Revenue for 2024, Shares Soar on Strong Earnings Outlook Pfizer projects strong revenue and earnings for 2024 and 2025, with cost-cutting measures aiding financial growth.
  • Meta Slapped with $264 Million Fine Over 2018 Facebook Data Breach Meta fined €251 million by the EU for a 2018 data breach affecting millions, revealing vulnerabilities exploited by hackers.
  • Tesla Reaches New 52-Week Highs with Boost from Trump’s Administration Tesla's stock soars to new highs, boosted by Trump's re-election and Musk's influence, marking an 84% increase since November.
  • Uber’s $1 Million Donation to Trump’s Inauguration Fund Sparks Industry Buzz Uber and its CEO pledge $1M each to Trump's inauguration fund, joining other corporations to foster goodwill with the new administration.
  • Big Tech Stocks Are Back – Here’s How They’ll Fuel the Year-End Boom Analysts predict big tech will drive a year-end stock surge, supported by strong earnings and an improving economic outlook.
  • Why Meta is on Track to Rule the AI World in the Next Two Years Meta is leading in generative AI, with plans for an AI studio by 2025 and significant growth in user engagement and revenue.
  • 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.
  • Ford’s Sales Aren’t Enough to Save Its Stock – Here’s Why Analysts Are Concerned Ford's stock dropped after Jefferies downgraded it due to inventory issues and strategic challenges, now targeting $9.
  • 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.
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