The once highly-anticipated Apple car project appears to have come to an end, with the tech giant pivoting towards investing more resources into generative AI. Despite this significant shift in strategy, stocks of major auto companies like Ford Motor, General Motors, and Tesla remained relatively unaffected. Lack of Concrete Details After reports from Bloomberg surfaced earlier … [Read more...] about Apple Abandons Car Project
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Cryptocurrency Market Update
Most major cryptocurrencies experienced a downturn during morning trading on Monday, with Cardano (ADA) seeing the largest decline, tumbling 4.94% to 37 cents. Major Declines Among the seven additional currencies that posted reductions on Monday: Polygon (MATIC) dropped 4.02% to 88 cents. Polkadot (DOT) shed 3.58% to $5.56. Ripple (XRP) shed 3.58% to 65 cents. Dogecoin (DOGE) … [Read more...] about Cryptocurrency Market Update
SpaceX Prepares for Starship Rocket Launch
SpaceX, the aerospace manufacturer founded by Elon Musk, is gearing up for another attempt to launch its massive Starship rocket. Musk announced on Twitter that the necessary permits should be secured, suggesting that the launch could take place as early as Friday. Importance for SpaceX and Tesla The upcoming launch carries significant implications, not only for SpaceX but also … [Read more...] about SpaceX Prepares for Starship Rocket Launch
Finnish Transport Workers’ Union Joins Strike Against Tesla
The Finnish Transport Workers' Union has announced that it will be participating in a strike against Tesla, joining other Nordic unions in the effort. Starting on December 20, Finnish dockworkers who are part of the AKT union will be initiating a blockade of Tesla vehicles at all ports in the country. This means that no Tesla cars or components intended for the Swedish market … [Read more...] about Finnish Transport Workers’ Union Joins Strike Against Tesla
Key Global Companies Experience Decline in Stocks Amid Disappointing Economic Data
Shares of global giants Tesla, Apple, and Caterpillar, all of which have a substantial presence in China, are facing a decline following the release of discouraging economic statistics. According to figures unveiled by the National Bureau of Statistics on Wednesday, China's gross domestic product (GDP) increased by 5.2% in the fourth quarter of 2023. Although surpassing the … [Read more...] about Key Global Companies Experience Decline in Stocks Amid Disappointing Economic Data
