Chinese Automakers Surge Ahead as Global Competitors Struggle in EV Race
Global carmakers face growing challenges as Chinese manufacturers lead in electric vehicles, advanced batteries, and integrated software, reshaping the auto industry landscape.
Latest news
Trade & Tariffs
Markets & Macro
U.S. Inflation Reaches Highest Level Since 2023 Amid Rising Gas and Food Costs
The personal consumption expenditures (PCE) inflation rate climbed to 3.8% year-over-year in April, driven by surging gas and food prices, challenging the Federal Reserve’s policy outlook.
Energy & Climate
New Satellite Biomass Maps Enhance Understanding of Carbon Storage in Arctic and Boreal Forests
Scientists improve satellite-based biomass measurements across northern forests, offering clearer insights into carbon storage dynamics amid rapid climate change.
Big Tech
SpaceX Secures $2.29 Billion to Build U.S. Military’s Space Data Network Backbone
The U.S. Space Force awarded SpaceX a major contract to develop a satellite-based communications system that will provide secure, global real-time connectivity for military operations.
Crypto & Fintech
Kraken Introduces Bitcoin Vault to Offer Yield on BTC Holdings
Kraken launched a non-custodial Bitcoin vault yielding 2.5% annually, attracting $30 million in Bitcoin deposits from 4,000 wallets within its first 10 hours.
Corporate Power
Patagonia Faces Criticism for Lawsuit Against Drag Activist Pattie Gonia
Outdoor brand Patagonia sued drag performer Pattie Gonia for trademark infringement, sparking debate over corporate power and climate activism.
Trade & Tariffs
Hillsborough Leaders Back Major Tampa Bay Rays Stadium Plan Amid Ongoing Deal Uncertainty
Hillsborough County officials support a multi-billion-dollar Tampa Bay Rays stadium and development plan, but final deal negotiations remain complex and uncertain.
Markets & Macro
Strive Boosts Bitcoin Holdings and Expands Digital Credit Securities Amid Market Growth
Strive increased its Bitcoin treasury by acquiring over 1,100 BTC while growing its SATA preferred shares and exploring new stock sale programs to fund future purchases.
AI & Tech Regulation
Pam Bondi Diagnosed with Thyroid Cancer Shortly After DOJ Departure
Former Attorney General Pam Bondi revealed her thyroid cancer diagnosis weeks after leaving the Justice Department and has since started treatment and recovery.
Crypto & Fintech
Crypto Market Sinks Amid $1 Billion in Liquidations Across Major Coins
The crypto market lost over $120 billion in value this week as $1 billion in Bitcoin, Ethereum, XRP, Solana, and altcoins faced liquidation triggered by geopolitical tensions and market pressures.