U.S. small-business confidence surged to its highest level in nearly two and a half years in July, signaling that fears of a looming recession may have been overstated. According to the National Federation of Independent Business (NFIB), its Small Business Optimism Index rose by 2.2 points to 93.7, marking the highest reading since February 2022.…
Elon Musk’s high-profile interview with former President Donald Trump on the social media platform X faced significant disruptions on Monday evening due to technical issues that nearly derailed the event. The livestream, scheduled to begin at 8 p.m. ET, experienced problems as users reported being unable to access the broadcast. Musk attributed the disruption to…
Republican presidential nominee Donald Trump continues to send mixed signals about his stance on Ukraine, creating uncertainty about future U.S. support for the country amid its ongoing conflict with Russia. In a recent interview with X owner Elon Musk, Trump expressed deep concern about the situation in Ukraine, stating, “there’s nobody that feels worse about…
Chinese electric car brand Zeekr has announced the launch of new batteries that claim to be the fastest-charging in the world, a move aimed at addressing consumer concerns over battery range and charging convenience. Zeekr, which is listed in the U.S., revealed that its new batteries can charge from 10% to 80% in just 10.5…
Efforts to expand the use of carbon credits as a means for companies to offset their greenhouse-gas emissions have stalled, raising concerns that some companies might reconsider or even abandon their net-zero targets. Since the 2015 Paris Agreement, more than half of the world’s largest 2,000 publicly listed companies have pledged to reduce their emissions…
Tencent Music Entertainment reported a slight decline in quarterly revenue on Tuesday, with a 1.7% drop to 7.16 billion yuan ($999 million) for the three months ending June 30. Although this marked the fourth consecutive quarterly decline, the company’s performance surpassed analysts’ expectations, which had forecasted revenue of 7.14 billion yuan, according to LSEG data.…
Huawei Technologies is gearing up to launch a new artificial intelligence (AI) chip, Ascend 910C, positioning itself as a competitor to Nvidia in China despite U.S. sanctions. According to a report by the Wall Street Journal, Huawei’s latest processor is being tested by major Chinese internet and telecom companies, with the tech giant claiming the…
James Kirsh, president of a family-owned foundry in Wisconsin, is bracing for a significant spike in property and casualty insurance costs for his business. As his current insurer, Acuity, withdraws from covering factories like his, which deal with molten metal, Kirsh faces the challenge of piecing together more expensive coverage from multiple providers. “It’s a…
During a Bitcoin conference recently, former U.S. President Donald Trump electrified the crowd by pledging to fire Securities and Exchange Commission (SEC) Chair Gary Gensler if re-elected. Gensler, a known skeptic of cryptocurrencies, has led the SEC’s aggressive enforcement actions against the industry, including major exchanges like Coinbase, Binance, and Kraken. Trump’s promise was met…
Shares of Amazon.com tumbled more than 12% on Friday after the company reported slower growth in online sales during the second quarter. The e-commerce giant also noted that consumers are increasingly opting for cheaper alternatives, reflecting a broader trend in value-conscious consumer behavior. This shift comes ahead of Walmart’s upcoming quarterly results, with Amazon CEO…
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