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CHINA-ECONOMY

Chinese Stocks Gain $2 Trillion in Value, Prompting Global Fund Managers to Return in China

Global fund managers are returning to China as MSCI China Index climbed 24% from its January low, leading to a $2 trillion increase in market value.


Investors Pull Back on Texas Power Company as AI-Driven Energy Demand Fade

Vistra Corp., a Texas-based power producer, heads for a massive 14% weekly loss since 2021 as investors retreated from AI-driven electricity demand bets.

Tesla Partners With Baidu for Lane-Level Navigation Upgrade in China

Tesla has introduced a navigation software update in China by partnering with Baidu, a Chinese company, to improve safety and the driving experience.

Spirit Airlines CEO Denies Bankruptcy Plans Amid Market Struggles

Spirit Airlines CEO reassured that they are not considering Chapter 11 bankruptcy following the collapse of its acquisition by JetBlue Airways.


Latest News

Ex-Vatican Employee Arrested for Fraud in Sting Operation
It was recently revealed that former Vatican employee Alfio Maria Daniele Pergolizzi was arrested in a sting operation for attempting to sell back a manuscript he allegedly pilfered from the archives of St. Peter’s Basilica.
Bird Flu in Dairy Cows Reported for First Time in Minnesota
Minnesota has reported its first case of bird flu in dairy cows as the virus spreads across the US. Minnesota has reported its first case of bird flu in dairy cows as the virus spreads across the US.
Starbucks Partners With Grubhub for Coffee Deliveries in Select US Markets
Starbucks will partner with Grubhub to provide home delivery of its coffee and beverages in select US areas.
Ex-Tesla Board Member Criticizes Increase in Elon Musk's Salary
Former Tesla board member and clean technology venture capitalist Steve Westly said that he is siding with current board members plotting a coup against the move to increase Elon Musk’s pay package to $56 billion.
Elon Musk’s xAI Plans to Build World's Largest Supercomputer in Memphis
France has arrested and charged a Palestinian man for allegedly financing terrorism. France has charged a Palestinian man for allegedly financing terrorism and complicity in attempted murder after he was suspected of being involved in attacks against Israelis in the occupied West Bank in 2023.
light
One death prompted a recall of over 1.2 million Good Earth Lighting rechargeable lights in the US and Canada.
Elon Musk’s xAI Plans to Build 'World's Largest' Supercomputer in Memphis
Elon Musk's xAI has picked Memphis as the location for its planned creation of the biggest supercomputer in the world.
Robinhood Acquires Crypto Platform Bitstamp for $200 Million
It is understood that Robinhood is planning to acquire London-based cryptocurrency exchange Bitstamp with a value of $200 million in cash in a move to expedite its global cryptocurrency expansion.
Minnesota Woman Allegedly Left Bag of $120,000 as Bribe for Juror in Multimillion-Dollar Fraud Case
The Federal Bureau of Investigation (FBI) has launched an investigation into allegations that a Minnesota woman attempted to bribe a juror with $120,000.
Mike Lynch Wins Major Legal Battle as Jury Acquits Him of Fraud
Autonomy founder Mike Lynch and former finance executive Stephen Chamberlain were acquitted of all fraud charges by a San Francisco jury, marking a significant legal victory following the contentious $11 billion sale of Autonomy to Hewlett-Packard.