GameStop Board Votes to Add Bitcoin as Treasury Reserve Asset
GameStop has made headlines by announcing its decision to embrace bitcoin as a treasury reserve asset, a move that mirrors the strategy of companies l...
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Business
Global economy, companies, markets, and financial trends.
Consumer Confidence Plummets to Lowest in Over a Decade Amid Tariff Concerns
In March, consumer confidence in the U.S. hit a significant low, with the Conference Board reporting a fall of its monthly confidence index to 92.9—a ...
Spring has finally sprung! With Amazon's Big Spring Sale around the corner, it's time to snag the best deals.
As winter retreats and warmer weather approaches, the annual phenomenon of spring cleaning appears not only in homes but also in shopping habits. Reta...
23andMe Files for Chapter 11 Bankruptcy, Raising Concerns Over Sensitive Genetic Data
Genetic testing company 23andMe has filed for Chapter 11 bankruptcy protection, signaling a potential shift in management of its extensive genetic dat...
Napster's New Era: From File Sharing Pioneer to Metaverse Innovator
Napster, once at the forefront of the digital music revolution, is embarking on a new journey after being acquired by Infinite Reality for $207 millio...
The Launch of Trump-Backed Stablecoin USD1 Shakes the Crypto Market
In a bold move that underlines the Trump family's continued influence in the financial world, the World Liberty Financial has launched a new stablecoi...
GameStop Adopts Bitcoin Treasury Strategy as Part of Financial Overhaul
GameStop, the iconic video game retailer, has announced its decision to follow in the footsteps of other companies and adopt Bitcoin as a treasury res...
U.S. Stocks Rebound as Wall Street Extends Recovery with Positive Market Sentiment
U.S. stocks ended Tuesday on an upswing, continuing Wall Street's positive momentum after recent corrections. The S&P 500 achieved a rare three-day wi...
Alibaba Chairman Joe Tsai Cautions Against US AI Industry ‘Bubble’
In a significant market development, chip stocks largely fell into the red on Tuesday following remarks by Alibaba's Chairman Joe Tsai, who expressed ...
Tesla's European Sales Collapse as Chinese EV Makers Surge
Tesla, once celebrated as the leading electric vehicle (EV) brand in Europe, is experiencing a significant decline in sales, dropping nearly 45% in th...
23andMe Files for Bankruptcy, Customers Urged to Delete Genetic Data
Genetic testing giant 23andMe has filed for Chapter 11 bankruptcy as it seeks a potential buyer, raising alarms about the security and transferability...
Unveiling Amazon's Spring Sale: Deep Discounts Across Categories
The report outlines Amazon's annual Big Spring Sale, emphasizing significant savings across various product categories. The sale, which extends over a...
Tesla Shares Soar Amid Investor Optimism Following Elon Musk's Surprise Employee Meeting
In a surprising turn of events, Tesla's stock surged significantly early this week, gaining 16% since CEO Elon Musk held an unexpected town hall meeti...
China’s BYD Surpasses Tesla with Over $107 Billion Revenue Amidst Strong Growth in Electric Vehicle Market
In a notable development within the electric vehicle (EV) industry, China's BYD has reported annual revenues exceeding $107 billion for 2024, outstrip...
US carmaker’s European market share falls as Chinese rival BYD overtakes it on global revenue, topping $100bn
The automotive industry is witnessing a seismic shift as BYD, a Chinese automaker, surpasses traditional and pioneering players like Tesla in revenue,...
South Korean Carmaker to Create 14,000 Full-Time Jobs and Strengthen US Tech Partnerships in AI
In a significant move signaling confidence in the global auto market, the unnamed South Korean carmaker has announced plans to generate 14,000 full-ti...
Trump's Flexibility on Tariffs Causes Market Surge but Questions Remain
In recent developments, U.S. President Donald Trump has stirred the market with his announcement of new tariffs on industries like automobiles and pha...
Access Denied: Asia-Pacific Markets React to U.S. Tariff Announcements and Economic Developments
In an intriguing move, U.S. President Donald Trump has announced the imposition of a 25% tariff on countries purchasing oil and gas from Venezuela, ai...
Hyundai's $21 Billion Commitment to U.S. Onshoring: A New Era in U.S.-South Korea Economic Ties
In a strategic move to bolster its US presence and dodge looming tariffs, South Korean conglomerate Hyundai has pledged to invest approximately $21 bi...
California Attorney-General Urges 23andMe Users to Delete Personal Data Amid Financial Uncertainty
In a bold move, California's Attorney-General Rob Bonta has advised users of the genetic testing firm 23andMe to erase their personal data from the pl...