Tesla Inc.’s TSLA new vehicle registrations in California have declined despite growing adoption of EVs in the domestic market, according to the latest Q1 2025 sales data. What Happened: The California New Car Dealers Association (CNCDA) released a report on Wednesday, highlighting the new vehicle registrations in the state for Q1 2025. According to the…
China has announced a 60 billion yuan (US$8.2 billion) government-aided fund for jump-starting early-stage artificial intelligence projects, consolidating its ambition to dominate the global AI race. The move comes amidst escalating trade tensions with the U.S. and an increasing country-wide push for technological self-sufficiency. What Happened: Zhang Jianhua from the Ministry of Industry and Information…
Elon Musk’s SpaceX, Amazon.com Inc. founder Jeff Bezos’ Blue Origin, and Boeing Co. BA and Lockheed Martin Corp.’s LMT United Launch Alliance (ULA) have been awarded contracts by the U.S. Space Force. These contracts, valued at $13.5 billion, are intended for launching critical satellites into orbit by 2029. What Happened: These contracts are part of the Space…
The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading. NVIDIA Corp. NVDA led the tech sector lower after the company posted its smallest revenue beat in years on Wednesday. Wall Street digested a slew of new economic data…
Amazon.com, Inc. AMZN founder Jeff Bezos lives a private life in an elite neighborhood where he rarely shows his face. What To Know: Bezos is a resident of Hunts Point, a wealthy neighborhood just outside of Seattle. He purchased a $37.5 million waterfront property in the neighborhood in 2019, as well as three other nearby homes for his staff, according to a…
Berkshire Hathaway Inc. BRK BRK has amassed a staggering $325 billion cash reserve, its largest ever, and nearly double the previous year’s balance. This coincides with a record high in Warren Buffett’s favored valuation metric: the stock market’s value relative to the U.S. economy. While this may seem like Buffett is predicting an imminent market…
After Warren Buffett‘s conglomerate Berkshire Hathaway Inc BRK BRK declared its third-quarter results in early November, investors have been curious as to why he sitting on nearly $325 billion in cash and equivalents. What Happened: Analysts have been speculating an array of reasons for the world’s most famous value investor to be holding such a…
The European Union has directed Apple Inc. AAPL to discontinue geo-blocking on its media services. What Happened: The European Commission has identified several geo-blocking practices on Apple’s platforms, including the App Store, Apple Arcade, Music, iTunes Store, Books, and Podcasts. These practices involve restricting content based on a user’s geographical location. The Commission has warned…
Warren Buffett, the legendary investor, has made a significant move by reducing his stake in Apple Inc. AAPL and other stocks, generating a whopping $97 billion in gains for his company, Berkshire Hathaway Inc. BRK BRK. What Happened: Buffett, last week, disclosed that he continued to cut his position in Apple and other stocks in…
Following Donald Trump’s win in the 2024 U.S. Presidential election, Jeff Bezos‘ net worth has skyrocketed to an unprecedented $228 billion, according to Bloomberg’s Billionaire Index. What Happened: Bezos’ wealth, largely connected to his 926.41 million shares in Amazon.com, Inc. AMZN, has surged considerably since Trump’s election win. Tesla and SpaceX CEO Elon Musk currently holds…