Tesla’s stock rallied sharply on Friday, pushing its market valuation above the $1 trillion mark for the first time in over two years. The electric vehicle (EV) giant’s surge followed investor optimism that the recent U.S. election results might lead to favorable regulatory conditions for CEO Elon Musk’s ambitious autonomous vehicle projects. Shares of Tesla…
As President-elect Donald Trump prepares for his return to the White House, sources suggest a potential shift in NASA’s goals, with the agency expected to prioritize Mars over the moon in its human exploration missions. This change would elevate Elon Musk’s vision of reaching Mars—a goal that has been central to SpaceX’s ambitions—and may reshape…
Sony Group Corp. reported a remarkable 73% surge in operating profit for the July-September quarter, largely fueled by the strong performance of its game and network services segment. This success helped offset a downturn in its movie business, impacted by delayed releases tied to the Hollywood strikes. Despite challenges, Sony remains optimistic about its financial…
Toyota Motor Corporation, the world’s largest automaker, is bracing for its first profit decline in two years, highlighting a shift in demand dynamics amid intensifying competition in the global automobile market. The company’s second-quarter earnings, expected on Wednesday, are projected to reveal a 14% year-on-year decline in operating profit, down to 1.2 trillion yen ($7.9…
As the U.S. gears up for a high-stakes election, new reports indicate that misinformation has flourished on social media platform X, formerly known as Twitter. Billionaire Elon Musk, who took over the platform in 2022, has been cited in a report by the Center for Countering Digital Hate (CCDH) for sharing or amplifying election-related claims…
U.S. manufacturing activity slumped in October, reaching a 15-month low as the sector grappled with continued challenges, including rising input costs and disruptions from labor strikes. The Institute for Supply Management (ISM) reported that its manufacturing Purchasing Managers’ Index (PMI) fell to 46.5, down from 47.2 in September. This is the seventh consecutive month that…
Walt Disney Company is taking a major step forward in harnessing the power of emerging technologies, including artificial intelligence (AI) and mixed reality (XR), with the creation of a dedicated Office of Technology Enablement. This new group, under the leadership of Jamie Voris, Disney’s former film studio CTO, is tasked with coordinating innovative technology projects…
In the last decade, the cryptocurrency industry has faced a challenging regulatory landscape in the United States, with the Biden administration taking a particularly hard stance on the rapidly evolving digital asset sector. However, as the U.S. presidential election approaches, the industry is anticipating a potential shift in regulatory policies, irrespective of who wins. This…
Eurozone inflation surged more than anticipated in October, sparking new concerns among policymakers and market watchers about the potential impact on the European Central Bank’s (ECB) interest rate strategies. Inflation in the eurozone’s 20 countries climbed to 2.0% in October from September’s 1.7%, driven primarily by elevated food and energy costs, and surpassing the forecast…
China’s major airlines—Air China, China Eastern, and China Southern—are facing profit declines despite a strong rebound in passenger numbers. This dip in profitability, seen during the third quarter, reveals a more complex issue: the impact of China’s slowing economy on consumer behavior and pricing within the aviation sector. Despite record-breaking summer passenger volumes and fuller…
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