China’s aggressive pursuit of robotaxi technology is gaining momentum, with local governments giving the green light to domestic companies to offer autonomous taxi services to the public. While consumers are embracing this new form of transportation, it is causing concern among traditional taxi drivers who fear losing their jobs to increasing competition. The surge of
Global Finance
Wall Street is abuzz with anticipation as a new wave of cryptocurrency exchange-traded funds prepare to hit the market, this time focusing on ethereum. The imminent arrival of spot ether ETFs has investors and experts alike eagerly awaiting U.S. Securities and Exchange Commission approval, potentially as early as this week. Among those gearing up for
Renowned investor Bill Gross has raised concerns about Tesla’s recent performance in the market. He argues that the electric vehicle company is starting to resemble a speculative play among retail investors. Gross, who co-founded Pimco and was once a dominant figure in the U.S. bond market, pointed out that Tesla’s behavior is reminiscent of a
In recent news, Athletic Brewing Company has secured an additional $50 million in equity financing, with the main investor being General Atlantic. This funding is expected to fuel further expansion and production capacity for the nonalcoholic brewer. The company’s CEO, Bill Shufelt, expressed excitement about General Atlantic’s continued support as Athletic Brewing enters the next
A recent research note by Stifel indicated that there is a 40% chance that President Joe Biden will not seek re-election. This uncertainty comes as Congress returns from its Fourth of July recess, marking a critical point in the President’s campaign. Brian Gardner, the firm’s chief Washington policy strategist, believes that this week will be
In the year 2023, there was a sharp increase in employment scams, with criminals taking advantage of artificial intelligence to deceive job seekers and steal their money and personal information. According to the Identity Theft Resource Center, consumer reports of job scams rose by 118% compared to the previous year. Scammers often masquerade as recruiters,
When embarking on a road trip during the summer season, one of the first considerations is whether to rent a car or use your own vehicle. The decision to rent a car for a road trip can be influenced by a variety of factors, such as your current vehicle’s gas mileage, the distance you plan
China is currently in discussions with the European Union regarding the potential tariffs that the EU plans to impose on imported Chinese electric cars. The European Commission had announced the possibility of additional duties on Chinese EVs if negotiations were not successful by July 4. The Chinese Ministry of Commerce is hoping for a resolution
The market for initial public offerings in Hong Kong is expected to see significant improvement over the next five years, starting in the second half of this year. George Chan, global IPO leader at EY, mentioned in an interview with CNBC that while it may take a couple of years to reach the peak levels
The American Reshoring ETF, managed by Tema ETFs CEO Maurits Pot, stands as a beacon of hope for U.S. manufacturing job resurgence. Pot believes that the trend towards deglobalization is only beginning, with a focus on job creation and bringing back local manufacturing jobs to the forefront. Launched in May 2023, the ETF has already
China remains a dominant force in the global supply chain for many critical minerals, including tungsten. This metal, known for its hardness and high energy density, is a key material in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines. Chipmakers like Taiwan Semiconductor Manufacturing Company and Nvidia heavily rely
The trend of passion tourism is gaining momentum, with Americans traveling overseas to attend events that match their personal interests or hobbies. This form of travel is not solely driven by the destination but instead by the desire to engage in a particular activity or attend a cultural event that resonates with the individual. Recent