BUSINESS
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Ford: We’ll Launch A $30,000 Electric Vehicle in 2027 Ford CEO Jim Farley is attracting attention by revealing that he plans to launch a low-cost electric vehicle (EV) priced at $30,000 in 2027. -
Nvidia Backs Lambda Labs in Massive $800 Million Capital Boost Lambda Labs, a partner of Nvidia, is currently in talks to raise an additional $800 million, according to the Financial Times (FT) on June 29. Lambda, a cloud infrastructure startup, rents servers that utilize Nvidia’s AI graphics semiconductors (GPUs). This move aims to secure GPUs, which are currently in short supply, by leveraging the AI […] -
France Takes Aim at Nvidia: Big Tech Battle Heats Up France is expected to become the first enforcer of European antitrust regulations against tech giant Nvidia. -
China Plans to End Discrimination Against Foreign Companies China's economic heavyweight, the Vice-premier has instructed to rectify discrimination against foreign companies. -
Hyundai's Hydrogen Rises: Nexo Leads the Charge with 40,000 Global Sales! Hyundai Motor’s cumulative global Fuel Cell Electric Vehicle (FCEV) sales have surpassed 40,000 units, combining personal and commercial vehicles. Hyundai’s efforts to expand its hydrogen car line are gradually bearing fruit. The company plans to accelerate sales of hydrogen cars by introducing a successor to the Nexo, a hydrogen passenger car, next year. According to […] -
Why Your New Car Might Smell Worse Than Grandma's Customers worldwide are complaining about unpleasant smells inside vehicles, yet the exact cause remains unknown. -
Buffet's Will Update: $130 Billion for Children's Trust, Sons and Daughter Decide Warren Buffet announced that he would leave almost all of his wealth to a public-interest trust managed by his three children after his death. -
U.S. Army Strikes $4.5 Billion Deal with Lockheed Martin for Advanced Missile Defense The U.S. Army has signed a multi-year contract worth $4.5 billion for Lockheed Martin's air defense Patriot missile system. -
IMF Criticizes Economic Policies, Warns U.S. of Fiscal Deficit The International Monetary Fund (IMF) has pointed out that the trade restrictions implemented by the United States to counter China are having negative effects on both the U.S. and global economies. The IMF is increasingly criticizing U.S. economic policies. On June 27, the IMF made this announcement in a statement following their annual consultation with […] -
Tesla's Grip Slips: U.S. Market Share Plummets Below 50% As of April 2024, Tesla, the largest EV company in the US, held less than 50% of the new electric vehicle market share in the country. -
Chinese Car Brands to Dominate 33% of Global Sales by 2030 Vehicle sales outside China are projected to increase from 3 million units this year to around 9 million units by 2030. -
UK Auto Market Predicts Massive Expansion by 2035 The UK's Society of Motor Manufacturers and Traders (SMMT) urges the next government to collaborate closely with the automotive industry. -
Tesla's Dominance Challenged: U.S. Market Share Could Dip Below 50% According to data from MarkLines, Tesla's sales in the U.S. market from June to May this year amounted to 618,000 units. -
Wall Street Breathes Easy: U.S. Banks Ace Federal Stress Tests Major U.S. banks were found to have robust financial health and strong enough to withstand a global recession. On June 26, Yahoo Finance reported that in the Federal Reserve’s stress tests, 31 large U.S. banks showed financial soundness despite the relaxation of minimum capital requirements. This assessment hypothesized a situation in the next two years […] -
Montana Faces Economic Blow with Potential Mine Closure The Montana palladium mine owned by Sibanye Stillwater, a South African mining company, is expected to shut down. -
IMF Warns: U.S. Trade Sanctions on China Could Backfire on Economy The IMF has pointed out that trade sanctions against China negatively impact both the global and U.S. economies. -
How NVIDIA's Early Bet on AI Paid Off Big Time On June 26, Nvidia CEO Jensen Huang, stated, “Nvidia’s dominance in the AI chip field was due to a decision made over a decade ago.” Speaking at the annual shareholders meeting that day, Huang said, “With billions of dollars in AI investments and a team made up of thousands of engineers, we have become an […] -
Amazon to Roll Out Cheap Goods to Trump Temu and Shein With fierce competition from Chinese e-commerce platforms, Amazon is launching a dedicated section exclusively for ultra-low-priced products. -
46% of American EV Owners Might Go Back to Gas-Powered Vehicles 46% of American EV owners responded that they intend to switch to a gas-powered car in their next purchase, according to a recent survey. -
Volkswagen Backs Rivian with $5 Billion: New Era for Electric Vehicles Begins Volkswagen Group announced Tuesday that it is establishing a joint venture with Rivian for next-generation electric vehicles.
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