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…
Electric vehicle company Tesla Inc (NASDAQ:TSLA) reported third-quarter financial results after market close Wednesday. Here are the key highlights. What Happened: Tesla reported third-quarter revenue of $28.095 billion, up 12% year-over-year. The revenue total beat a Street consensus estimate of $26.239 billion according to data from Benzinga Pro. This marked the first revenue beat compared…
A fresh wave of trade tension between the U.S. and China rocked Wall Street on midday Wednesday after President Donald Trump hinted at sweeping restrictions on technology exports powered by American software, sending tech stocks into a sudden tailspin. • CRWV is taking a hit from negative sentiment. See the full breakdown here. According to…
On Tuesday, Sen. Bernie Sanders (I-Vt.) criticized Amazon.com, Inc. (NASDAQ:AMZN) founder Jeff Bezos for potentially replacing hundreds of thousands of jobs with robots, while Elon Musk weighed in on AI’s broader impact on the workforce. Sanders Warns About Automation At Amazon On X, formerly Twitter, Sanders wrote, “Big Tech oligarchs are coming for your job….
China’s long-struggling economy is showing fresh signs of distress, as exports to the United States collapse under President Donald Trump‘s tariffs and the property market fails to mount a meaningful recovery. According to United Nations Comtrade data, China shipped $35.88 billion worth of goods to the U.S. in July 2025, a staggering 22% drop from…
Elon Musk has hailed his commercial space flight company, SpaceX‘s, dominance in the industry. SpaceX Will Carry 90% Of Earth’s Payload, Says Elon Musk In a post on the social media platform X on Sunday, Musk reiterated SpaceX’s crucial role in the sector. “SpaceX will carry ~90% of the world’s payload mass to space this…
Elon Musk has defended his position as the Tesla Inc. (NASDAQ:TSLA) CEO amid ISS opposition to the new trillion-dollar pay package set for a vote during next month’s shareholder meeting. The ISS, or Institutional Shareholder Services, is a proxy advisory firm that provides advice regarding shareholder votes and is a leading enterprise in the industry….
Bill Gates says the best business book he’s ever read is older than many of today’s CEOs and he first heard about it from Warren Buffett in 1991. Warren Buffett’s Timeless Book Recommendation When the two met that year, Gates asked Buffett for his favorite business book. The answer pointed him to a decades-old collection…
Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang says the company’s market share in China has collapsed from 95% to zero. Huang Says ‘We Are 100% Out Of China’ Earlier this week, speaking at the Citadel Securities Future of Global Markets 2025 event, Huang said, “At the moment, we are 100% out of China.” He continued, “We…
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…