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BUSINESS

  • Moderna’s Stock Soars After CDC Reports First Bird Flu Death in the U.S. Moderna's stock surged over 10% following the first U.S. avian influenza A (H5N1) death, as the company develops a vaccine.
  • CATL, World’s Top EV Battery Maker, Added to Pentagon Blacklist The U.S. blocked CATL, citing military ties, impacting its market share and IPO plans amid concerns over its EV battery dominance.
  • Daihatsu Sigra: Indonesia’s Budget-Friendly, Eco-Friendly Minivan The Daihatsu Sigra is an eco-friendly, compact MPV designed for families in Indonesia, offering comfort and affordability.
  • AI Models Predict Major Cryptos Like Bitcoin, Ethereum, and Solana to Soar in 2025 AI models predict significant price increases for major cryptocurrencies by 2025, driven by factors like ETFs and Ethereum upgrades.
  • China Molybdenum Hits Record Cobalt Production, Driving Global Surplus and Price Drop CMOC is set to become the largest cobalt producer in 2024, doubling output and creating a global surplus that impacts prices.
  • Lisa Cook Warns U.S. Stock Market Valuations Could Be Overly Optimistic Lisa Cook warns of elevated U.S. stock and corporate bond valuations, raising concerns about potential market risks and liquidity issues.
  • China Slams U.S. for Blocking Nippon Steel’s Acquisition, Calls It Protectionism China's state media criticized the US for blocking Japan's steel acquisition, labeling it as protectionism and a political maneuver.
  • Brent Crude Hits $76 as Saudi Arabia's Price Increase and Supply Constraints Drive Up Oil Costs Saudi Arabia's oil price hike drives crude to three-month highs, amidst supply constraints from Iran and Russia affecting the market.
  • US New Vehicle Sales Projected to Reach 15.9 Million in 2024, Led by Hybrid Demand US vehicle sales are set to reach 15.9 million in 2024, led by hybrids, as market dynamics shift under new policies.
  • Uber and Lyft Prepare for Robotaxi Launches in U.S. Cities This Year Uber and Lyft are set to launch robotaxis in select US cities, focusing on safety and infrastructure challenges.
  • Sumitomo Corporation Boosts U.S. Aviation Position with Full Acquisition of Warner-Aero Sumitomo Corporation aims for full ownership of Warner-Aero by 2024, targeting growth in the U.S. aviation parts market amid rising demand.
  • Lucid Motors Sets New Sales Record in 2024, Shares Jump 8% Lucid Motors sees a surge in shares after reporting strong sales, with plans for mass production of the Gravity SUV this year.
  • Uber Stock Jumps Following $1.5 Billion Share Repurchase Announcement Uber's stock surged after announcing a $1.5 billion share repurchase plan, part of a broader $7 billion buyback initiative.
  • AMD Chips Powering Dell’s Business PCs, Offering 90% Faster AI Performance at CES 2025 Dell integrates AMD's new Ryzen AI Max chips into business PCs, enhancing AI performance and diversifying its hardware supply chain.
  • Intel Struggles with Declining Market Share While AMD Dominates at CES 2025 Intel faces challenges in the semiconductor sector as AMD strengthens its position with new AI chips, leading to market share decline.
  • NVIDIA Hits All-Time High After Foxconn Reports Record-Breaking Q4 Sales NVIDIA's stock hit a record high, driven by Foxconn's strong Q4 sales and anticipation of new AI chip announcements at CES 2025.
  • Tesla Under Fire for Covert Cybertruck Battery Replacements Without Consumer Notification Tesla faces backlash for secretly replacing Cybertruck batteries without owner notification, raising concerns about transparency and safety.
  • Lotus Proves EV Battery Durability with 1,832°F Fire Test: A Reassurance for Consumers Lotus showcases the safety of its EV batteries by withstanding extreme heat, addressing consumer concerns over EV fire incidents.
  • Tesla’s Data Collection Controversy: How Far Is Too Far When Tracking Personal Information? A Tesla Cybertruck explosion in Las Vegas raises concerns over data collection and privacy, highlighting the need for better regulations.
  • Why Big Business is Throwing Its Support Behind Trump's Inauguration and Policy Corporate donations to Trump surge, exceeding $200 million post-election, with major firms eager to align with his policies.
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