China’s foray into the world of top-tier video games has reached new heights with the phenomenal success of Black Myth: Wukong, an action game set in mythological China. In just three days after its launch on Aug. 20, the game sold over 10 million units, shattering world records and making waves in the gaming industry.
Global Finance
Chinese President Xi Jinping emphasized the importance of maintaining a stable, healthy, and sustainable relationship between China and the United States during a recent meeting with U.S. national security advisor Jake Sullivan. Despite the escalating tensions between the two countries in recent years, Xi expressed China’s commitment to the goal of fostering positive relations with
Warren Buffett, acclaimed as the “Oracle of Omaha,” celebrated his 94th birthday with Berkshire Hathaway reaching new milestones in its market capitalization. The company’s shares surpassed $700,000 apiece, making it the first non-technology firm to achieve a $1 trillion market capitalization. Howard Marks, a respected investor and friend of Buffett, attributes the success of Berkshire
The White House announced that President Joe Biden and Chinese President Xi Jinping are scheduled to have a phone call in the coming weeks. This announcement comes as U.S. national security adviser Jake Sullivan visits Beijing to meet with China’s top diplomat, Wang Yi. Both sides also mentioned that their military leaders would have a
Xpeng, a Chinese electric car company, recently launched its new mass-market brand, Mona, with prices starting as low as $16,812. This price point significantly undercuts Tesla’s Model 3, making Mona an attractive option for budget-conscious consumers. The company reported that orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after the car’s
The collaboration between Xpeng, a Chinese startup, and Volkswagen, the German auto giant, has been making waves in the electric car industry. The two companies are working together to develop electric vehicles specifically for the Chinese market. With Volkswagen’s $700 million investment in Xpeng, the partnership aims to launch two electric cars in China by
Travelers who choose to ignore their tax obligations may face severe consequences when it comes to their ability to travel. The federal government has enacted laws that allow for the revocation or limitation of passports for individuals with seriously delinquent tax debts exceeding $62,000. Understanding the implications of these measures is crucial for taxpayers to
In anticipation of the Federal Reserve’s upcoming interest rate decision in September, more investors are turning their attention towards dividend stocks. Paul Baiocchi from SS&C ALPS Advisors believes this is a wise move, as he predicts that the Fed will be lowering rates. Baiocchi, who serves as the chief ETF strategist, explained to CNBC’s “ETF
Remote work has become a significant part of the U.S. labor market, with economists recognizing it as one of the major shifts in the last couple of decades. According to Nick Bunker, the economic research director for North America at Indeed, the work-from-home revolution is not just a passing trend. It has become an entrenched
Philadelphia Federal Reserve President Patrick Harker has recently made a bold statement in favor of an interest rate cut in September. Speaking from the Fed’s annual retreat in Jackson Hole, Wyoming, Harker expressed overwhelming confidence that a move towards easing monetary policy is on the horizon. This sentiment, echoed by other central bank officials, indicates
In a shocking turn of events, British technology entrepreneur Mike Lynch was recently acquitted of fraud charges in a landmark trial involving allegations made by Hewlett Packard. However, just two months after his acquittal, Lynch – once referred to as “Britain’s Bill Gates” – was reported missing following the sinking of a superyacht named the
Electric vehicles have been gaining popularity due to their potential long-term cost-saving benefits for consumers. While the initial purchase price of an EV tends to be higher than that of a traditional gasoline-powered car, the recurring costs associated with fuel and maintenance are generally lower. This leads to a total lifetime cost that can be