Local Chinese authorities have removed restrictions on Tesla cars after the company’s China-made vehicles passed the country’s data security requirements. This significant breakthrough came following an unexpected meeting between Tesla CEO Elon Musk and Chinese Premier Li Qiang. The move comes at a time when Tesla’s electric cars are gaining popularity in China, despite initial
Global Finance
In today’s rapidly evolving technological landscape, it is crucial for investors to stay ahead of the curve by identifying key areas of growth and opportunity. According to ARK Invest’s chief futurist, Brett Winton, there are five groups that tech investors should focus on to gain a competitive edge. These areas include robotics, artificial intelligence, multi-omics
Chinese electric car startup Nio, known for its premium offerings, is now venturing into the lower-priced segment of the market. In an attempt to compete with Tesla’s Model Y, Nio plans to release a mass-market SUV that is more affordable. This move marks a significant shift from Nio’s initial focus on luxury vehicles costing around
Deutsche Bank shares surged to a more than six-year high following the release of its first-quarter results. The German lender reported a 10% rise in profit, surpassing analyst expectations and indicating a positive trend in its investment banking division. The stock, which initially declined in the morning, rallied 7.2% in London, reaching its highest intraday
Synthesia, a leading artificial intelligence firm backed by Nvidia, has introduced a groundbreaking technology that has the potential to transform the way videos are produced. With their innovative “Expressive Avatars,” Synthesia enables users to create digital characters that can convey human emotions through text inputs. By harnessing the power of AI, this technology blurs the
Former CEO of cryptocurrency exchange Binance, Changpeng Zhao, is facing a potential 36-month sentence for charges related to enabling money laundering. U.S. prosecutors are seeking a sentence above the recommended guidelines in order to reflect the seriousness of the crimes committed. The suggested advisory sentencing range for Zhao falls between 12 to 18 months, but
Xiaomi, the Chinese smartphone company, has seen overwhelming success with its new electric vehicle, the SU7 sedan. With over 70,000 orders received as of April 20, the company is well on its way to achieving its goal of delivering 100,000 units this year. This comes as a surprise, considering the SU7 is priced $4,000 lower
The Securities and Exchange Commission (SEC) in the Philippines made a bold move by ordering Google and Apple to remove cryptocurrency exchange Binance from their app stores. This action came after the regulator expressed concerns about the security of Filipino investors’ funds due to continued access to Binance sites and apps. SEC Chairperson Emilio Aquino
The world of the uber wealthy is a realm that very few will ever experience. Their investing strategies are vastly different from the average investor, with a focus on preserving their legacy and wealth for future generations. The population of centimillionaires, individuals with a net worth of over $100 million, is relatively small, with around
In a recent interview on CNBC’s “ETF Edge,” VanEck CEO Jan van Eck emphasized the importance of considering commodities in investment portfolios. According to van Eck, there has been a significant “big change” in the global economy, particularly with the resurgence of international expansion. China, the world’s second-largest economy, is identified as a key contributor
China’s fiscal stimulus, according to S&P Global Ratings senior analyst Yunbang Xu, is starting to lose its effectiveness. The strategy appears to be more of a tactic to buy time for industrial and consumption policies rather than providing immediate solutions to economic challenges. This raises concerns about the sustainability and long-term benefits of the current
Taiwan Semiconductor Manufacturing Company (TSMC) exceeded revenue and profit expectations in the first quarter of this year, thanks to the strong demand for advanced chips, especially those used in AI applications. The net revenue reported was 592.64 billion New Taiwan dollars ($18.87 billion), surpassing the expected NT$582.94 billion. Moreover, the net income was NT$225.49 billion,