Nio, the electric vehicle maker, announced on Tuesday that its loss in the fourth quarter slightly narrowed while warning of a potential decrease in sales for the current quarter. In Q4, the company reported a net loss of 5.37 billion renminbi, down from 5.79 billion renminbi in the same period the previous year. Revenue, on the other hand, increased by 6.5% to 17.1 billion … [Read more...] about Nio Narrowed Q4 Losses
Forex News
Record-breaking Bitcoin Surge
Bitcoin has achieved a remarkable milestone, hitting a record high of over $69,000 on Tuesday. This surge marks a significant resurgence for digital assets after a tumultuous period spanning more than two years. Bitcoin Soars During the rally, the world's largest cryptocurrency by market cap, bitcoin BTCUSD, displayed an impressive 2.5% increase, reaching $67,891 on Tuesday. At … [Read more...] about Record-breaking Bitcoin Surge
ByteDance Faces TikTok Divestment Bill
ByteDance is on the edge of a crucial decision - divest TikTok or risk facing a ban in the U.S., according to a bipartisan House bill introduced on Tuesday. The Legislation Co-sponsored by Reps. Mike Gallagher (R-Wis.) and Raja Krishnamoorthi (D-Ill.), the bill titled "The Protecting Americans from Foreign Adversary Controlled Applications Act" targets TikTok specifically as a … [Read more...] about ByteDance Faces TikTok Divestment Bill
Hewlett Packard Enterprise AI Servers Surge
Hewlett Packard Enterprise Stock Soars on Strong Demand for AI-Focused Servers Hewlett Packard Enterprise (HPE) stock is rapidly nearing its 2018 record high as investors seize the opportunity to invest in the company's artificial intelligence (AI)-focused servers powered by Nvidia chips. Surge in Stock Price HP Enterprise shares surged by 4.5% on Tuesday, marking a four-day … [Read more...] about Hewlett Packard Enterprise AI Servers Surge
Meta Platforms Lawsuit Dismissal
Attorneys representing Meta Platforms, including founder Mark Zuckerberg, have requested a Delaware judge to dismiss a lawsuit brought forth by investment funds. The lawsuit alleges that Meta has neglected to protect users of its social media platforms from human trafficking and child sexual exploitation. Allegations of Negligence The legal complaint asserts that Meta’s … [Read more...] about Meta Platforms Lawsuit Dismissal
