Tesla is sending senior executive Tom Zhu back to China following declining sales in the competitive electric car market. The company hopes to address challenges in the region.
Sectors
UMG Denies Involvement in Drake vs. Kendrick Lamar Beef as CEO Faces Shareholders’ Ire
Universal Music Group has denied allegations that it has intervened in the beef between Aubrey “Drake” Graham and Kendrick Lamar Duckworth, while also being under fire after Glass Lewis urged shareholders to revolt against a salary increase for its CEO, Lucian Grainge.
Taylor Swift Fans Flock to Europe for Eras Tour, Avoiding Expensive US Tickets
Thousands of Taylor Swift fans fly to Europe for Eras Tour, bypassing pricey US tickets. Expedia notes the "tour tourism" trend, citing cost advantages.
NIO Teams Up With GAC Group for Unified Battery Standard, Charging Solutions
NIO partners with GAC Group to establish unified battery standard and advance EV charging solutions, aligning with previous collaborations to pioneer standardized EV technologies
Tesla To Be Investigated by DOJ Over Misleading 'Self-Driving' Claims Following Fatal Autopilot Accidents
The Department of Justice (DOJ) will investigate Tesla's self-driving claims for potential securities or wire fraud, with allegations of misleading investors and consumers as reports of crashes involving Teslas equipped with Autopilot pile up.
Latest News
Minnesota Governor Tim Walz has signed the "Taylor Swift bill" into law to boost protections for online ticket buyers.
A surge of approximately 12% in iPhone shipments was recorded in China for the month of March, thanks to up to 10% discounts initiated by Apple and its partners. This follows a 37% sales decline earlier in 2024 and heightened competition from Huawei.
Shell's Singapore oil refinery and chemical assets will be sold to a Glencore-led joint venture with a purchase sale of below $1 billion, following agreements in place for continued collaboration and strategic alignment with CAPGC.
New data shows that in 2023, renewable energy generated a record-breaking 30% of the world's electricity due to the rapid growth in wind and solar power.
Republican lawmakers urged President Joe Biden to block a French company from collaborating on nuclear power projects with Russia's Rosatom.
Mini gold bars are selling like hot cakes in South Korea's biggest convenience store chain, CU.
A new survey shows that New York City is home to 349,500 millionaires and 60 billionaires, making it the wealthiest city in the world.
Amgen witnessed an impressive 12% surge in its shares on Friday, marking its most substantial single-day increase in nearly 15 years.
Steward Health Care has reportedly listed all its 31 hospitals in the United States for sale to pay off its $9 billion debt.
