UncategorizedRivian secures up to $5 billion from Volkswagen, shares soar more than 50% fwadmin / June 26, 2024 Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion.
UncategorizedHere’s how bad housing affordability is now fwadmin / June 26, 2024 Home prices are now 47% higher than they were in early 2020, with the median sale price now five times the median household income.
UncategorizedAn AI data center boom is coming, Jefferies says, naming top stocks to buy right now fwadmin / June 26, 2024 Artificial intelligence is set to give the global data center market a major boost, according to Jefferies, and usher in a “new era of electricity demand.”
UncategorizedWikiLeaks gadfly: the Julian Assange saga fwadmin / June 26, 2024 After spending seven years in an Ecuadorean embassy and five in prison, the US pursuit of him is drawing to a close
UncategorizedA deepening stand-off in the South China Sea fwadmin / June 26, 2024 The US is correct to support the Philippines in countering Chinese encroachment
UncategorizedPhilippines warns of region-wide conflict over South China Sea dispute fwadmin / June 26, 2024 Ambassador to Washington raises spectre of nuclear war as tensions deepen around disputed Second Thomas Shoal
UncategorizedFederal Reserve governor says AI is ‘not going to replace’ central bankers—at least not yet fwadmin / June 26, 2024 Lisa Cook says every word counts, and artificial intelligence won’t be replacing central bankers anytime soon.
UncategorizedWelch’s wants to grow up with ’90s kids by turning juice into vodka fwadmin / June 26, 2024 Wine to juice and juice to alcohol: the former temperance company pulls on the nostalgia chords especially for younger generations
UncategorizedVolkswagen throws struggling Rivian a lifeline with $5 billion investment fwadmin / June 26, 2024 The companies are starting a new venture “equally controlled and owned” to develop “next generation” battery-powered vehicles.
UncategorizedChina goes into panic mode over EU tariffs on electric cars, offers perks for German carmakers if they drop restrictions fwadmin / June 26, 2024 China’s Commerce minister told German counterpart it was open to negotiating tariffs but wasn’t afraid to retaliate.