US Judge Voids Elon Musk's $56 Billion Tesla Compensation
A judge in the US state of Delaware voided the $56 billion compensation package of Tesla chief executive Elon Musk on Tuesday, siding with a shareholder who claimed the entrepreneur was overpaid.
Toyota Sets New Global Record For Annual Vehicle Sales
Japan's Toyota said Tuesday that it sold a record 11.2 million vehicles in 2023, cementing its position as the world's top-selling automaker for the fourth successive year thanks to a recovery in demand in all regions and easing semiconductor shortages.
Netflix, Tesla And Intel Take Wall Street For A Wild Ride, But The Rally In Stocks Remains Intact
The continuation of the rally in equities, which took the S&P 500 and the Dow Jones to yet new highs, came as bond prices and yields remained steady.
Holding The Line: Tesla Stays Resolute On Bitcoin In Q4 Earnings Report
Tesla Inc.'s fourth-quarter report noticeably omitted any mention of Bitcoin-related activities, underlining the company's continued ownership of its significant Bitcoin holdings, totaling 9,720 BTC.
Clean Energy Largest Driver Of Chinese GDP Growth In 2023: Report
Clean-energy projects were the largest driver of China's economic growth in 2023, with Beijing investing nearly as much in decarbonisation infrastructure as total global investment in fossil fuels, according to a report released Thursday.
Tesla Sees Slower 2024 Volume Growth As Earnings Miss Estimates
Tesla reported lower fourth-quarter operating profits despite higher revenues Wednesday, following a series of auto price cuts as Elon Musk's electric vehicle giant warned of slower volume growth in 2024.
Europe's Bike Industry Hits Bumps As Cycling Craze Cools
At a bicycle trade fair in Stuttgart, steep discounts on brand-new models hint at the turmoil roiling the industry now that a pandemic-fuelled cycling craze has faded.
Hong Kong Leads Asian Market Rally On China Support Hopes
Hong Kong led a rally across Asian markets Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.
Middle East Conflict: Israel Says 24 Soldiers Killed In Army's Biggest Single-Day Loss
It's Day 109 of the Israel-Hamas war. The Israeli army announced the deaths of 24 soldiers in its biggest single-day loss since Hamas' Oct. 7 massacre in Israel. A total of 21 reserve fighters were killed Monday afternoon after a militant fired an RPG at a tank near two buildings that the soldiers were preparing for demolition, while three officers fell in southern Gaza earlier in the day.
Davos Free-trade Champions Fret Over War, Climate
After Covid and the war in Ukraine, free-trade boosters in Davos fretted over a new bout of turmoil in global supply chains due to rising geopolitical frictions.
Electric Cars Jolt Europe Sales For 2023
New car sales in Europe rebounded by 13.9 percent in 2023 as electric vehicles overtook diesel for the first time, an industry group said on Thursday.
ARK Invest's Strategic Gambit: Betting Big on Spot Bitcoin ETF's Potential
ARK Invest executed a strategic reallocation of its assets on Tuesday, divesting some of its holdings in ProShares Bitcoin Strategy ETF (BITO).
Elon Musk Holds Ground, Dogecoin and Bitcoin Retain Solid Positions On Tech Tycoon's Holdings
Musk, who christened himself as DogeFather, shared during a recent X Spaces event that he still owns DOGE while another one of his companies still has "a bunch" of Bitcoin on its portfolio.
China 2023 Economic Growth Tipped To Be Weakest In Decades
China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.
From Skepticism To Possibility: Musk Contemplates Bitcoin For Mars Colony
Musk, initially skeptical, is now reconsidering the use of Bitcoin as a potential currency for Mars colonization, contemplating its feasibility and the challenges of transaction times in space.
Autonomous Driving Is 'Happening', But Slower Than Expected
To the believers, the oft-promised autonomous car revolution is "clearly happening" -- they point to the myriad displays at the Consumers Electronics Show in Las Vegas that defy the industry's bad headlines.
Bitcoin Loses $50M In Market Cap, Sees $90M In Liquidation After SEC's Fake BTC ETF Tweet
Bitcoin's market cap fell from $938.43 billion to $890.16 billion within hours after a fake tweet circulated online, coinciding with the SEC's disclosure of a compromised official X account.
Vinfast Plans First EV Factory In India
Vietnamese carmaker VinFast said it will build its first electric vehicle factory in India as part of a planned $2 billion investment, as it looks to expand into the rapidly growing market.
Tesla To Recall 1.6 Mn Cars In China To Fix Steering Software: Regulator
Tesla is recalling more than 1.6 million electric vehicles in China, the country's market regulator said Friday, owing to software issues that could pose safety risks while driving.
US Auto Sales Boosted By Price Cuts In 2023
US vehicle sales got a boost from strong demand in 2023, due in part to attractive offers by automakers and dealers in the face of high interest rates and stubborn inflation.
ARK Invest Continues COIN, Robinhood Sell-off As Spot Bitcoin ETF Decision Looms
ARK Invest purchased over 105,000 shares of Tesla while simultaneously selling off COIN shares worth over $25 million Wednesday.
BYD: Chinese Electric Vehicle Giant That Has Overtaken Tesla On Sales
China's BYD has overtaken US electric vehicle giant Tesla as the world's leading EV deliverer, according to recent sales figures.
BYD Overtakes Tesla For Most EV Sales
US car maker Tesla has lost its crown for most sales of all-electric vehicles to Chinese firm BYD, which has capitalized on Beijing's strong government support for the burgeoning sector.
Why The Magnificent Seven Rally Could Last For Many More Years
Though past performance isn't a guarantee for future performance, as the usual Wall Street disclaimer goes, there is a good reason to believe that the Magnificent Seven will continue to outperform the market for many more years.
Chinese EV Automaker BYD To Build Car Factory In Hungary
China's top electric automaker BYD will build a car factory in Hungary, the company said Friday, as it pushes forward with plans for expansion into Europe despite growing concerns around fair competition.
Elon Musk Net Worth 2024: Top Billionaire Set To Scorch The Wealth Charts
As of Dec. 18, 2023, the net worth of Elon Musk is estimated to be $254.9 billion. And it could scale new heights in 2024.
Unveiled: The Most Followed Celebrities On Social Media In 2024
The 38 most-followed celebrities featured in this list have navigated the digital landscape with finesse, leveraging their social media platforms not only for self-promotion but also as powerful tools for activism, philanthropy, and meaningful conversations.
Tesla Files Recall On 2 Million Vehicles To Fix Autopilot Software
Electric car maker Tesla has initiated a recall of over two million vehicles in the United States due to a risk linked to its autopilot software, the US traffic safety regulator said Wednesday.
MicroStrategy's Michael Saylor Reveals How Bitcoin Bet Helps MSTR Compete With Magnificent Seven
Bitcoin was trading in the red zone at $43,950, which means the software and business intelligence company is now sitting on an unrealized profit of $2.390 billion.
Dogecoin Celebrates 10th Anniversary With An All-Time High Price Of $0.10 For 2023
Dogecoin, the crypto asset officially introduced on Dec. 6, 2013, also marked a new all-time high for this year at its current price and secured the ninth-largest crypto asset by market capitalization at $14.62 billion.