General Motors Co. (NYSE:GM) CEO Mary Barra says that the Chinese EV market is currently grappling with overcapacity amid the country’s EV price war. Check out the current price of GM here. ‘An Incredible Price War’ Speaking on The Verge’s Decoder podcast on Wednesday, Barra said there was an “incredible price war” going on in…
Anthropic, the artificial intelligence (AI) startup, backed by Alphabet’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google and Amazon.com (NASDAQ:AMZN), is reportedly projecting to more than double and potentially nearly triple its annualized revenue run rate next year. Enterprise Demand Drives The Boom The company is projected to reach its internal goal of a $9 billion annual revenue run rate by the end…
Blockchain-based prediction platform Polymarket introduced a new “up/down” equity market feature, allowing users to bet on specific stocks and benchmarks. Bet On Stocks Closing Price Using Polymarket The new contracts enable betting on whether certain stock prices or benchmarks will end higher or lower at a specified time. Note that this feature already exists for cryptocurrencies,…
President Donald Trump‘s latest warning to “terminate business with China having to do with cooking oil, and other elements of trade” may sound narrow, but markets know better — food is politics, and politics moves capital. By calling China’s soybean snub an “Economically Hostile Act,” investors are starting to eye a repeat of 2018’s tariff…
President Donald Trump ignited a fresh wave of investor anxiety over U.S.-China trade tensions late last week, fueling a sharp selloff across stock markets and other risk assets. The trigger: a fiery rebuke of Beijing’s decision to tighten export controls on rare earths, followed by a threat to impose a sweeping 100% tariff on all…
U.S. stock futures declined on Tuesday following Monday’s reversal rally. Futures of major benchmark indices were lower. Leading the charge on Monday, Oracle Corp. (NYSE:ORCL) shares jumped more than 5%, while Nvidia Corp. (NASDAQ:NVDA) gained almost 3%. Broadcom Inc. (NASDAQ:AVGO) soared around 10% after OpenAI pledged a $500-billion investment to co-develop 10 gigawatts of custom…
Tesla Inc. (NASDAQ:TSLA) battery supplier Contemporary Amperex Technologies Ltd. (CATL), rival BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) continue to dominate the global EV battery market in 2025. Global Battery Installations Grew 34.9% The amount of global battery installations from January to August clocked in at 691.3 GWh, marking a 34.9% YoY increase, according to the latest…
A Chinese automaker, one that competes with Tesla Inc. (NASDAQ:TSLA) for a piece of the world’s most populous EV market, is seeing a surge in its Quality scores in Benzinga’s Edge Stock Rankings, as the latter’s score continues to languish after a series of blows in recent months. The Quality score in the Edge Rankings…
Amazon.com Inc. (NASDAQ:AMZN) founder Jeff Bezos said on Friday that within the next 10 to 20 years, massive data centers could be built in space, taking advantage of uninterrupted solar energy as a key edge over those on Earth. Check out the current price of AMZN stock here. Speaking at Italian Tech Week in Turin, Bezos…
Apple Inc. (NASDAQ:AAPL) has removed apps that allowed users to track and report the location of Immigration and Customs Enforcement (ICE) officers from its App Store. Pam Bondi Urges Apple To Remove ICEBlock App The app, called ICEBlock, was developed in April and allowed users to track the location of ICE officers and receive notifications if they were within…