- Fri. Jun 2nd, 2023
Gold is overpriced but has long-term appeal.
Central banks will fight for rate cuts. After a recent decrease amid high inflation, gold bars still appear to be overly expensive, making it challenging for the Federal Reserve to…
Baidu creates a $140 million fund.
Baidu joins the global wave of generative AI investment. Baidu Inc. has joined the worldwide investment trend by allocating 1 billion yuan ($140 million) to support Chinese firms researching generative…
BYD surpasses Tesla in delivering electric cars.
The Indonesian operator renegotiates its Tesla orders in favor of BYD. As cheaper models prevailed in the nation, Indonesia’s leading taxi operator resorted to BYD Co. for 80% of its…
Binance will launch a new platform
The crypto exchange wants to fully comply with local regulations Japanese citizens now have a new platform from Binance Holding Ltd. to completely adhere to local laws. This summer, the…
China says Micron chips pose a security risk
The China Cyberspace Agency investigates Micron After China’s cyber authority claimed that Micron Technology Inc.’s devices had failed cybersecurity tests, the company’s sales in a crucial market were put in…
Mark Zuckerberg’s net worth increased.
Zuckerberg’s fortune grew faster than all billionaires this year. The highest among billionaires, Mark Zuckerberg’s net worth has climbed by $44 billion this year. Last year, he staked everything on…
AI-focused ETF assets could rise to $35 billion.
The number of ETFs could grow to 150 worldwide. According to a Bloomberg Intelligence analysis, the value of exchange-traded funds that follow businesses involved in artificial intelligence might increase to…
Nvidia aims to surpass Apple.
Nvidia could be ready for a record-breaking one-day jump. After increasing its prediction for the rising demand for chips used in artificial intelligence applications, Nvidia Corp. may be set for…
Bernard Arnault lost $11 billion.
Bernard Arnault’s fortune has fallen due to sales. The world’s richest man, Frenchman Bernard Arnault, lost $11.2 billion of his fortune in a single day as a result of worries…
Volvo signs a Green Power agreement.
Vattenfall deal: an agreement to purchase electricity for transport In a unique bilateral energy arrangement for the transportation industry, Volvo Car AB has inked an agreement to purchase wind energy…