Industry

A tram passes by in the Central business district of Hong Kong

Hong Kong's Financial Supremacy Threatened by Cross-Border Money Flow Obstacles

Hong Kong's reign as Asia's foremost financial powerhouse has been dethroned, once revered for its economic prowess, the city now finds itself surpassed by rival nations, marking a significant shift in the region's financial landscape.


Elon Musk's Neuralink Aware of Brain Implant's Wire Issues Years Before Tested to First Human Patient: Report

Neuralink has recently disclosed that the tiny wires inside its first human patient's brain shifted position, which was reportedly an issue that Elon Musk's company has known for years.

Tesla Shareholder Votes Against Elon Musk’s $55 Billion Pay Package, Says 'Tyrant CEO' Abandons EV Maker for His Other Firms

Billionaire Leo Koguan, the biggest retail shareholder of Tesla, has reportedly voted against reinstating the $55 billion compensation package of Elon Musk.

China's Nio Unveils First Car of New Brand 'Onvo' That'll Be About $4,000 Cheaper Than Tesla's Best-Selling Model Y

China's EV maker Nio has introduced the first vehicle from its new budget brand, Onvo, to compete with Tesla's best-selling Model Y car.


Latest News

CHINA-ECONOMY-PROPERTY-EVERGRANDE
China mulls purchasing surplus homes amid real estate crisis. The proposed plan involves state-owned enterprises acquiring distressed properties
Samsung Plans to Limit Launch of Galaxy Z Fold 6 to Single Model
Samsung is rumored to limit its offering for its Galaxy Z Fold 6 for the summer version of Galaxy Unpacked this year.
Walmart’s Dominance in US Retail Industry at Odds Following Workers’ Layoffs, Relocations
Walmart's position as America's top retailer is in jeopardy following the announcement of significant layoffs and the mandate for remote employees to return to the office, signaling potential internal struggles and increased competition.
Embattled New York Community Bancorp to Sell $5 Billion of Mortgage Warehouse Loans to JPMorgan Chase
New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase.
Tesco Profits And Sales Soar
Tesco CEO Ken Murphy's pay jumps to £10M, doubling from last year due to stellar company performance.
President Biden Delivers Remarks From The Rose Garden On His Economic Agenda
Biden imposes extensive tariffs on Chinese imports, including semiconductors and EVs, escalating trade tensions. China vows to defend its interests and urges correction.
AMC Theatres Reopens Its Doors By Celebrating 100 Years Of Operations With "Movies In 2020 At 1920 Prices"
AMC Entertainment successfully concluded a $250 million stock sale on Monday, thanks to the resurgence of the meme stock craze, which saw shares skyrocket by 90%.
OpenAI Introduces ChatGPT-4o; New Smarter, Faster Chatbot Scarily Translates, Flirts, and Teaches Humans!
OpenAI executives revealed how the newest ChatGPT can translate live conversations, read bedtime stories in multiple voices, and even teach math.
Elon Musk's Tesla Settles Sexual Harassment Lawsuit by Ex-Worker Who Claimed She Was Fired After Being Harassed 100 Times
Elon Musk's Tesla has settled a lawsuit filed by a former factory worker who claimed she was dismissed after reporting sexual harassment incidents.
OpenAI Startup Fund Secures Additional $5 Million in Latest Funding Round
The OpenAI Startup Fund has successfully raised an additional $5 million. The OpenAI Startup Fund has successfully raised an additional $5 million, according to a filing with the US Securities and Exchange Commission (SEC).
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