Zeekr 007 GT Wagon – first shots
Zeekr is expanding its lineup with the introduction of the 007 GT, an estate variant of its 007 sedan. The Zeekr 007 GT will be known as the Zeekr 7 GT outside of China and will be launched in the...
Category: Business
M2 money supply in the US continues to decline
The chart from FRED shows the ratio of M2 to the nominal product of the US economy. It also shows the trend, where the correlation was visible especially after the Global Financial Crisis until 2020. After this period, the money...
Trump threatens: Buy American energy or I will impose tariffs
World bully Trump – the first American president in history to publicly admit to murder, is once again showing his character. Against allies – the EU has resorted to blackmail and threats. Bully Trump wrote on his social platform Truth...
Northvolt files for protection from creditors
Swedish electric vehicle (EV) battery maker Northvolt has collapsed, with at least $1 billion needed to save the company. Northvolt filed for Chapter 11 bankruptcy protection in the US late last week, and co-founder Peter Carlsson has stepped down as...
TSMC Lands $6.6 Billion in US Funding to Build Advanced Chip Plants in Arizona
TSMC’s new facilities in Arizona will power next-gen tech, including 5G/6G and AI applications, starting early 2025. The United States has agreed to provide up to $6.6 billion in direct funding to Taiwan Semiconductor Manufacturing Co. (TSMC) to build advan...
Boeing To Cut 17,000 Jobs
Boeing is set to issue layoff notices affecting 17,000 positions, accounting for 10 per cent of its global workforce, according to Reuters. Impacted employees will remain on the company’s payroll until January, in compliance with federal regulations requ...
Hertz: Accumulating Losses From Risky Bet on Tesla EVs
Hertz Global Holdings Inc. crashed after the company reported a worse-than-expected loss stemming from the rental-car company’s risky bet on electric vehicles and heavy depreciation costs that have pummeled earnings for the past year. The company posted an a...
Tech giants desperate to power AI data centers
The tech industry’s need for more power for data centers running artificial intelligence is now so desperate that companies are turning to nuclear disaster sites, despite the potential risks. Microsoft Corp. and Constellation Energy Corp. said Friday that th...
Boeing to Begin Temporary Layoffs Because of Strike
The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union. Boeing will start furloughing tens of thousands of employees in the coming days as it seeks...
Money-Market Fund Assets Hit Record Highs, Banks See Large Deposit Outflows
Money-market funds saw a second week of significant inflows (+$28.4 Billion) which together with the prior week’s $52.7 Billion, pushed total MM assets under management to a new record high of $6.216 Trillion. Large banks saw $73.5 Billion of deposit...
Five ‘economic tectonic forces’ are reshaping global economy
Global Times reporters Xie Wenting and Bai Yunyi (GT) conducted an exclusive interview with renowned economist and former governor of the Bank of Canada, Stephen Poloz (Poloz). According to Poloz, five economic tectonic forces – population aging, debt ...
Risk Warning: Very High Probability of Decline in Capital Markets
As has been my standard since September 1998, I again publicly warn in advance of the increased risk of a decline in capital markets. – Generally, stocks are overpriced again (especially in tech) – Valuation of shares not corresponding to...
China Accelerates Solid State Battery Development
China’s advancements in solid state battery technology have the potential to accelerate global development and adoption, shaping the future of energy storage. Over the past several years, the nation steadily powered up its battery metals research and dev...
Iran, India sign 10-year deal to develop Chabahar Port
Iran and India have signed a 10-year contract for operation and equipment of the southern Iranian port city of Chabahar as part of plans to further boost their bilateral trade and economic relations. The 10-year deal was signed by Iran’s Minister...
Boeing whistleblower claims that Boeing’s 787 Dreamliner is flawed
The engineer, Sam Salehpour, internally raised his concerns about the jets but was “threatened and silenced by Boeing,” his lawyers alleged. After the company attempted to intimidate him, Salehpour alerted the Federal Aviation Administration (FAA),...