Tesla’s presence in the European electric vehicle market weakened further in July, with sales declining for the seventh consecutive month. According to new data released by the European Automobile Manufacturers Association (ACEA), Tesla recorded a 40% year-on-year drop in new registrations, while Chinese rival BYD achieved a sharp increase. The figures reflect growing competition in […]
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China has suspended export restrictions on rare earth minerals and advanced semiconductor materials, delivering a major relief to American tech companies and electric vehicle manufacturers facing severe supply pressures. The Ministry of Commerce announced on Sunday that it would pause bans on gallium, germanium, antimony, and synthetic diamonds until November 2026, marking a significant reversal […]
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Top semiconductor ETFs like the Direxion Daily Semiconductor Bull 3x Shares (SOXL), VanEck Semiconductor (SMH), and iShares Semiconductor (SOXX) rebounded in the extended hours after the strong Nvidia earnings and guidance. SOXL jumped by over 8% in extended hours, while SMH and SOXX rose by 2.8% and 2.70%, respectively. This article explores why these funds […]
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Russia’s central bank announced Wednesday that its engagement with the domestic gold market—both buying and selling for the National Wealth Fund (NWF)—has been on the rise, citing the yellow metal’s growing liquidity. The central bank of Russia has seen a substantial portion of its foreign exchange reserves, held in key Western currencies such as the […]
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This method uses a very specific signal to activate a single quantum bit (qubit), the fundamental building block of quantum computing. The encryption methods used to safeguard sensitive information in banking, medicine, and the military are vulnerable to cracking by a quantum computer with enough processing power. Google researchers claimed to have achieved the first verifiable quantum […]
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According to Farside, spot Bitcoin ETFs had net withdrawals of around $1.23 billion from October 13th to the 17th. As per analysts, Bitcoin’s price has reached a critical juncture where a further decline might serve as a key warning signal. The persistent bleeding of US-based spot Bitcoin ETFs after the latest crypto market crisis has analysts worried […]
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Wix’s stock price has crashed to a bear market this year, as it has crashed by over 48% from its highest level this year, as concerns about its growth and the emerging competition rise. It was trading at $126 on Wednesday, with its market capitalization remaining at $7 billion, down from the year-to-date high of […]
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The USD/ZAR exchange rate has pulled back in the past few months and is hovering near its lowest level this year. It was trading at 17.16, a few points above the year-to-date low of 17. It remains down by over 14% below its highest level this year. Why the South African rand is rising The […]
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Chile’s peso and equities firmed on Monday, while local bond yields edged lower, as markets interpreted the first-round presidential vote as opening the door to more market-friendly policies. Far-right candidate José Antonio Kast is now seen as the frontrunner for the December 14 runoff despite finishing slightly behind government coalition candidate Jeannette Jara on Sunday. […]
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The competition to dominate the autonomous ride-hailing market is intensifying, with Tesla and Waymo taking sharply different paths in their rollout strategies. A month after Tesla launched its first robotaxi trial in Austin, Texas, CEO Elon Musk told investors that driverless Teslas could be available to “half the population of the US” by the end […]
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