Volkswagen in Germany is shifting its production of the electric ID 3 to Zwickau plant due to low demand, focusing on optimizing resources and simplifying resources.
Sectors
JPMorgan Chase CEO Jamie Dimon Advises the US Fed to Wait Past June Before Cutting Rates
JPMorgan Chase CEO Jamie Dimon is urging the US Federal Reserve to exercise patience and refrain from cutting interest rates until after June.
US Senators Propose to Auction Government-Owned Spectrum to Boost 5G Networks
Two Republican senators are unveiling a new legislative proposal that would auction some US government-owned spectrum to bolster commercial wireless 5G networks.
US Seen to Impose More Curbs on China as ‘Decoupling' in 'Full Force’ Amid Possible TikTok Ban
The US is anticipated to intensify restrictions on China amid a potential TikTok ban in the country.
Donald Trump Vows to Get Tough With Tariffs Again if Reelected, Says China Is 'the Boss of the United States'
Former President Donald Trump hinted at implementing stricter tariffs on foreign goods if he secures a second term.
Latest News
Nvidia CEO Jensen Huang asserts firm GPU dominance in the AI chip market, emphasizing Nvidia's advantage over rivals even if their chips were free.
Polish President Andrzej Duda plans to propose increasing NATO defense spending to 3% of GDP during talks with US President Joe Biden, aiming to fortify the alliance amid tensions, particularly in Ukraine.
Oil prices declined further on Monday as traders awaited new inflation data, with West Texas Intermediate (WTI) and Brent contracts dropping by 40 cents and 35 cents per barrel, respectively.
US Commerce Secretary aims to restrict China's access to advanced semiconductor tech for military use. Biden administration considers new curbs on Chinese firms.
Panasonic Energy is considering a major investment in Kansas amid EV market concerns. The expansion will boost Tesla's 4680 battery production despite slowing demand.
Reddit wants $748 million to reach $6.5 billion in its most anticipated IPO in the US. Reddit seeks to generate $748 million, putting its worth at $6.
China's decreasing EV demands are forcing EV makers to become more creative. Here are some of the most peculiar add-ons they now offer.
The crypto exchange-traded products allowed entry to the UK market. Financial Conduct Authority (FCA) said it would not oppose solicitations from accredited investment platforms to establish a market segment in the United Kingdom for exchange-traded notes (ETNs) backed by cryptocurrency.
President Joe Biden's campaign machine received $10 million in the 24 hours following his Thursday's State of the Union address.
