Tesla has dominated the electric vehicle (EV) industry for years, but that might be changing. Chinese automaker BYD just reported a record-breaking $107 billion in revenue for 2024, officially surpassing Tesla’s $97.7 billion. This marks the first time Tesla has lost its top spot in earnings, showing just how quickly BYD has grown into a…
Investors are keeping an eye on Super Micro Computer Inc. (SMCI) because something significant is happening. Strong trust in the company’s future is demonstrated by the recent placement of a huge $7.2 million options bet. But why is this audacious action being made? Such high-value deals are not made randomly. They are frequently made by…
Palantir Technologies is in a strange spot right now. Its stock has dropped 27% recently, but at the same time, its artificial intelligence (AI) business is growing at an incredible pace. Investors are scratching their heads, wondering how a company can be doing so well yet see its stock price slide. Let’s break it down…
South Korea is facing one of its worst wildfire disasters in years, with fast-moving flames destroying homes, displacing thousands, and claiming the lives of at least four people. The fires, which erupted across multiple regions, have left communities in ruins as emergency responders battle against relentless winds and dry conditions. Fires Spread at Alarming Speed…
A raging fire has been burning for days at a Russian oil depot after a drone strike ignited massive fuel storage tanks, spilling thousands of barrels of oil. Thick black smoke has spread across the region, forcing evacuations and raising serious environmental concerns. While Russia blames Ukraine for the attack, tensions are soaring as both…
After weeks of turbulence, Wall Street finally saw a much-needed rebound on Monday. The stock market rallied, snapping a four-week losing streak that had investors worried about the economy’s direction. The S&P 500 jumped 1.8%, the Dow Jones Industrial Average climbed 1.4%, and the tech-heavy Nasdaq Composite led the way with a 2.3% gain. The…
Irisity, an AI monitoring business, is investing heavily to ensure its survival. To handle short-term cash flow issues, the firm recently secured a SEK 15 million credit facility from Stockhorn Capital AB, its largest shareholder. In order to ensure it has the funds to continue expanding, Irisity is also issuing a fully secured rights issue…
The UK economy is at a crossroads, but Chancellor Rachel Reeves isn’t budging. Despite pressure to loosen the purse strings, she’s sticking to her fiscal rules, determined to keep government spending in check. With rising borrowing costs, a slowing economy, and global trade tensions, many are wondering: Is her plan the tough love the UK…
Iraq is aiming for a significant increase in oil output, with a target of 6 million barrels per day (bpd) by 2029. If the nation succeeds, it may receive a significant boost to its economy and gain more clout in international energy markets. The main question, however, is whether Iraq can actually succeed given the…
The government waives dues totaling ₹1,351 crore, causing small-cap stocks under ₹50 to reach a 20% high. Hindustan Organic Chemicals (HOCL), a state-owned company, saw a sharp rally in early morning trade on Monday, reaching the upper circuit limit of 20%. The Government of India waived dues amounting to ₹1,351.38, which is expected to impact…