Tesla’s shares experienced a significant drop of over 7% following a decline in sales in China during February. The decrease in sales in one of its key markets has raised concerns about the outlook for Tesla’s global deliveries. This comes at a time when the company is facing challenges such as a decline in demand,
Sea Limited, a tech giant operating in Southeast Asia, has achieved a major milestone by posting its first profitable year in 2023. This comes after years of struggling to defend market share against competitors such as Lazada and TikTok. The company reported a significant net income of $162.7 million, marking a stark contrast to the
Super Micro Computer and Deckers Outdoor stocks saw a significant increase after being added to the S & P 500 index. This move indicates a positive outlook for the companies, positioning them among the top players in the market. The replacement of Zions Bancorpation and Whirlpool reflects a shift in investor sentiment towards these technology
Bitcoin is on the rise once again, with the cryptocurrency edging closer to its all-time high after a brief pause over the weekend. The current price of Bitcoin sits at $66,660.91, marking a 6% increase from its previous value. This surge comes after Bitcoin reached as high as $67,567.98, its highest level since November 2021.
In a surprising turn of events, Angel Studios, the distributor of the film “Sound of Freedom,” revealed that nearly 84% of the tickets provided by “pay-it-forward” buyers were redeemed for free viewings. Starring Jim Caviezel as real-life anti-child-trafficking activist Tim Ballard, the film exceeded expectations at the box office in 2023, outperforming big-budget Hollywood blockbusters.
The much-anticipated merger between JetBlue Airways and Spirit Airlines has come to an abrupt end, following their recent loss in a federal antitrust lawsuit challenging the deal. The CEOs of both airlines cited regulatory hurdles as the primary reason for terminating the merger agreement. The initial proposal was aimed at fostering better competition against the
Anthropic made a significant stride on Monday with the release of Claude 3, a collection of artificial intelligence models that are being hailed as the fastest and most powerful to date. Within this suite, three key models stand out: Claude 3 Opus, Sonnet, and Haiku. Claude 3 Opus, the most advanced of the trio, has
China’s parliament is set to convene and unveil moderate stimulus plans during the annual meeting scheduled to begin on Tuesday. Premier Li Qiang is expected to outline economic targets for the year and present his first work report to the National People’s Congress (NPC). The focus will be on stabilizing the economy amidst a property
The demand for lithium, a key battery mineral, is set to rise due to the increasing adoption of electric vehicles. However, Rio Tinto’s CEO, Jakob Stausholm, warns of volatile prices in the market. Despite this, Rio Tinto is cautious about making large acquisitions in the lithium sector and is focused on enhancing lithium extraction technology.
Asian share markets have displayed resilience in the face of economic events and uncertainties in recent times, with the Nikkei reaching new highs. Investors are closely monitoring central bank events and major data releases that are expected to influence market sentiment and future policy decisions around interest rates. Federal Reserve Chair Jerome Powell’s upcoming testimony