Nio stock price surged to its highest point since December last year, continuing an uptrend that started earlier this year when it formed a double-bottom pattern. It surged to $6.70 after the company published its strong financial results and its first quarterly profit. Nio published strong financial results Nio’s share price surged this week after […]
Amazon’s autonomous vehicle company Zoox is preparing to bring its self-driving vehicles to the Uber app in Las Vegas this summer. The partnership allows riders to request Zoox vehicles directly through Uber while the company continues operating its own app. The collaboration reflects growing momentum around autonomous mobility as technology firms and transport platforms compete […]
The US stocks opened mixed on Wednesday as the Dow Jones edged lower, while the S&P 500 and Nasdaq posted modest gains. The investors continue to weigh the latest developments in the US-Iran war and volatile oil prices while digesting fresh US inflation data. The Dow slipped 82 points, or 0.2%, while the S&P 500 […]
A suspected retaliatory drone attack by pro-Iranian militias struck a major U.S. diplomatic facility in Baghdad on Tuesday, according to The Washington Post. The newspaper said the strike hit the Baghdad Diplomatic Support Center, and no injuries were immediately reported. Six drones were launched toward the compound, five of which were shot down. The Post, […]
Republicans sharply criticized former President Joe Biden over rising prices at the gas pump, but a spike in energy prices amid the U.S.-Israeli conflict in Iran threatens to scramble the party’s affordability messaging. The Iran conflict has led to a surge in gas prices for Americans, leading to an average 50 cents a gallon increase […]
Sen. John Cornyn threw his support behind scrapping the filibuster to pass a voting restrictions bill President Donald Trump has called his “No. 1 priority” in Congress, as the Texas Republican continues to seek the president’s endorsement and stave off a bruising primary runoff election. Trump has held off on endorsing Cornyn, the pick of […]
JPMorgan Chase has marked down the value of certain loans linked to private credit funds, reported Financial Times. The move comes as the $2 trillion private credit market faces increasing scrutiny from investors, and lenders amid fears of potential defaults and weakening valuations, particularly among software companies. According to the report, the markdown applies to […]
The UK’s transition to renewable energy and low-carbon technologies could protect households and businesses from volatile global fossil fuel markets while costing far less than critics claim, according to analysis from the Climate Change Committee. The climate advisers estimate that reaching net zero emissions by 2050 would require about £4 billion a year, or roughly […]
China’s government agencies and state-owned enterprises have begun warning staff against installing the artificial intelligence agent OpenClaw on office devices, citing potential security concerns. The guidance, as reported by Reuters, highlights caution inside the Chinese state sector over emerging autonomous AI tools. OpenClaw is an open-source system capable of independently performing complex digital tasks with […]
Oil majors are in the spotlight as the effective closure of the Strait of Hormuz forces traders to reprice supply risk, sending benchmark crude sharply higher and pushing selected energy stocks toward fresh highs. With tankers avoiding one of the world’s most vital chokepoints and maritime traffic reportedly down about 80%, investors are rotating into […]