BUSINESS Archives - Page 29 of 60

Cathie Wood: Nvidia’s AI Triumphs Could Hit ‘Short-Term Indigestion’ Phase 2024.07.15 ARK CEO Cathie Wood has once again expressed a negative outlook on Nvidia, the biggest beneficiary of the recent AI boom.

Secrets to Customer Loyalty: How to Keep Them Coming Back! 2024.07.13 Here are ways to establish ongoing transactions. I hope you'll consider the nature of your industry and take some time to ponder.

Lexus Teams Up with China's RoboSense for LiDAR in Electric Models 2024.07.13 Lexus plans to incorporate products from RoboSense, China's largest LiDAR company, into several of its electric vehicles.

UK Currency Tops Major Markets as Economy Speeds Up 2024.07.12 The British pound is leading all major currencies this year, buoyed by expectations that the Bank of England will keep interest rates high.

Saudi Crown Prince's Dream City Faces Financial Hurdles 2024.07.12 The Saudi Arabian government will significantly cut the budget for the Neom project, Crown Prince Mohammed bin Salman's key initiative.

Tesla Stock Tumbles as Robo-Taxi Debut Pushed to October 2024.07.12 Tesla's Robotaxi launch, initially scheduled for August 8, has been postponed to October. As a result, Tesla's stock price dropped by 8.44%.

U.S. Injects $1.7 Billion to Transform Old Auto Plants into EV Hubs 2024.07.12 Automakers have recently shut down these factories or are at risk of job losses due to changes in automaker plans.

Stellantis Sees a Double Digit Drop in Quarter 2 2024.07.11 Stellantis showed a sharp double-digit decline in the U.S. auto market during the second quarter compared to 2023 due to the low sales of plug-in hybrid electric vehicles (PHEVs). While Stellantis holds the top spot in the PHEV market, the sudden drop in PHEV sales indicates a need to revise its strategy. Stellantis sold 344,993 […]

Samsung Workers Declare Indefinite Strike: Demands and Disruptions 2024.07.11 The National Samsung Electronics Union (NSEU) has declared an indefinite general strike starting this month.

China's Grip on World Economies Tightens, Survey Shows 2024.07.11 A recent report revealed that most of the global population perceives China as having a significant influence on their national economies.

Tesla Stock Soars 44% in Record-Breaking Rally 2024.07.11 Tesla’s Mega Factory profit from manufacturing large-capacity storage batteries is estimated to be equivalent to the profit from selling one million Tesla vehicles. On the 10th, Morgan Stanley raised its valuation for Tesla’s energy storage business, anticipating a surge in global electricity demand due to the AI boom and Tesla’s potential market share growth in […]

AMD to Enhance Software Development with Silo AI Acquisition 2024.07.11 Advanced Micro Devices (AMD) is competing its AI capabilities with industry leader NVIDIA. AMD announced on the 10th that it will acquire Finnish startup Silo AI for $665 million in cash to improve the capabilities of its AI chips. Silo AI CEO Peter Sarlin will continue to lead the unit as part of the AMD […]

India vs. China: Modi's Market Reforms Propel India as New Global Hub 2024.07.11 As Indian PM Modi is expected to secure his third term, the current Indian government's economic policies are anticipated to continue.

China's Secret Role in Tesla's Robotaxi Revolution Revealed 2024.07.11 The success of Tesla's autonomous vehicle ride-hailing service, robotaxi, is considered a crucial driver for the company's next growth phase.

China's BYD Unleashes Electric Car Invasion: Eyes 750,000 Exports Annually 2024.07.11 On the 10th, Bloomberg cited a JP Morgan report predicting BYD will achieve vehicle sales of up to 6 million units over the next two years.

Bubble Tea Overload: China's Tea Shops Multiply, But At What Cost? 2024.07.11 The thing that comforts young Chinese people suffering from chronic economic difficulties is none other than milk tea, also known as bubble tea. Even the time spent waiting in line can be described as a time to catch their breaths. However, it is pointed out that the sweet “sanctuary” that young people enjoy to relax […]

Is Your Shopping Spree at Shein Compromising Your Personal Security? 2024.07.11 Chinese e-commerce giant Shein has been criticized for potential security issues, including personal data breaches, that could occur as it exports its logistics supply chain services and technology to the global market. Concerns were raised from within the U.S. that the Chinese government could seize data on logistic supply chain information and sensitive personal data […]

China Outpaces U.S. with Six Times More Patents - Is America Falling Behind? 2024.07.10 Over the past ten years, there have been 54,000 patent applications related to generative AI worldwide, with 25% of them filed in 2023.

Tesla Loses Home Advantage: U.S. Market Share Drops Below 50% 2024.07.10 According to Cox Automotive, Tesla's share of the U.S. EV market for the second quarter (April-June) was preliminarily estimated at 49.7%.

American Entrepreneurs Show Resilience Amidst Pricing and Staffing Struggles 2024.07.10 In the United States, the nationwide small business sentiment index rose by 1 point to 91.5 in June. The U.S. government announced that the optimism of U.S. small and medium-sized enterprises (SMEs) has been on the rise for three consecutive months as of June, recording its highest level of the year on July 9. Despite […]

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