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BUSINESS

  • Democrats Avoid Crypto Debate: What This Silence Could Mean for the Industry Although the Democratic Party released its draft platform for the presidential election, it did not mention cryptocurrency.
  • Trump's Shocking Comments Leave Hyundai and Kia Scrambling Amid Success in the U.S. Trump suggested he might eliminate the $7,500 EV tax credit if re-elected, which would impact Hyundai and South Korea's battery industry.
  • NVIDIA Soars to New Heights: Stock Hits $130, Overtakes Microsoft as 2nd Largest NYSE Listed Company NVIDIA’s stock rose to $130, making it the second-largest company by market cap, surpassing Microsoft and nearing Apple.
  • China’s Car Market Meltdown: Why Big Brands Like GM and BMW Are Losing Ground Foreign car brands like GM, Volkswagen, and BMW are struggling in China, where domestic EVs, bolstered by government support, thrive.
  • China’s Secret Copper Obsession: Why the World’s Top Consumer is Hoarding More Than Ever China's copper consumption surged 4.6% in 2022, driven by energy transition goals. Demand is rising in EVs and renewable energy.
  • U.S. Drone Market Set to Skyrocket: New Rules and Possible Chinese Sanctions Could Transform Industry The U.S. drone market is growing rapidly. Eased regulations and potential Chinese drone sanctions may boost non-Chinese brands.
  • Despite U.S. Sanctions, China's Huawei Set to Release AI Chip Comparable to Nvidia Soon Huawei is set to launch the Ascend 910C as early as October. The company claims its performance is similar to that of Nvidia's H100.
  • China vs. US: Shocking Truth About Who’s Really Winning the E-Commerce Battle China is dominating the online commerce industry, with its market size estimated to be nearly three times that of the United States.
  • Porsche's Latest Taycan: The Fastest Electric Luxury Sedan Just Got Even Better! Porsche is set to launch a facelift model of its Taycan, which pioneered the high-performance luxury electric vehicle market.
  • Turkey’s Instagram Ban Lifted: What Really Went Down with Meta? Abdulkadir Uraloglu, Turkey's transportation and infrastructure minister, announced on Saturday that the ban would be lifted.
  • Tesla Pulls the Plug on Cheapest Cybertruck: From $40K Dreams to $100K Reality Tesla announced on its website that it would no longer accept orders for the $61,000 base model of the Cybertruck.
  • Samsung Reaches $400 Million Settlement After Texas Winter Storm Damages Samsung Electronics has successfully settled a lawsuit with an American insurance company for $400 million.
  • Airbnb's Q3 Outlook Dims: Is the Travel Boom Over? Airbnb has revised its third-quarter revenue forecast downward, leading to a nearly 13% drop in its stock price yesterday.
  • Hyundai and Kia Theft Rates Plunge 64% After New Software Rollout The rate of theft involving Hyundai and Kia vehicles in the U.S. has dropped by over 50%, thanks to proactive software upgrades.
  • Hyundai Motor Group Sets Record by Winning 17 Awards at Newsweek Auto Awards Hyundai Motor Group won 17 awards at the 2024 Newsweek Auto Awards in the U.S., including 6 for Hyundai, 8 for Kia, and 3 for Genesis.
  • Tesla's Latest Recall Hits China: 1.6 Million Vehicles Affected by Hood Opening Defect Tesla is conducting a large-scale recall in China. The issue involves the vehicle hood opening unexpectedly.
  • China's Sneaky $100 Million Nvidia Chip Deal: How Are They Getting Away With It? The online media outlet GigaGen reported that over $100 million worth of Nvidia chips have been exported to China.
  • Musk Claims OpenAI Misled Him: Lawsuit Unveils Shocking Allegations Tesla CEO Elon Musk filed the lawsuit against OpenAI and its CEO, Sam Altman. Musk alleges that Altman and Brockman misled him.
  • Is Your Self-Driving Car Safe? Biden Cracks Down on Chinese Tech Biden administration is set to ban the use of Chinese software in autonomous vehicles classified as Level 3 or higher.
  • Tesla Cybertruck’s First Fatal Crash: Driver Dies as Vehicle Burns in Texas Recently, an estimated 15,000 to 20,000 Cybertrucks were operated on the roads, and crash reports started to surface.
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