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Elon Musk, renowned for his transformative impact on Tesla and space exploration, faces mounting scrutiny regarding his role as CEO of Tesla Inc. (NASDAQ: TSLA).  Despite his extraordinary achievements, including revolutionizing electric vehicles and advancing space travel, recent developments suggest that his leadership may be stretched too thin.  Here are three reasons why some argue… Continue reading Should Elon Musk step down as Tesla CEO? Three key reasons to consider

Renewable energy demand is poised to skyrocket, driven primarily by the rise of AI data centers and the electrification of the economy, according to John Ketchum, CEO of NextEra Energy Inc. (NYSE: NEE).  Speaking during the company’s second-quarter earnings call, Ketchum highlighted how these factors will propel renewable energy demand to triple by the end… Continue reading NextEra Energy CEO predicts renewable energy demand to triple by 2030 despite Q2 revenue miss

As electric vehicle (EV) demand wanes across the US and Europe, Chinese EV maker BYD is on track to outpace Tesla in vehicle sales this year. Despite the implementation of tariffs on Chinese EVs in these regions to boost local manufacturers and meet political objectives, BYD is thriving by expanding its market presence globally, particularly… Continue reading BYD poised to surpass Tesla in EV sales despite Buffett’s divestment

South Korea’s primary stock index, KOSPI, took a hit today as Samsung Electronics Co Ltd (KRX: 005930) encountered a significant setback in passing Nvidia Corp’s (NASDAQ: NVDA) critical chip test.  This stumble has sent ripples through the market, underscoring the close ties between leading corporations like Samsung and the broader performance of the export-driven South… Continue reading Samsung setback drags South Korean stocks as Nvidia test falters

In a significant move that has caught the attention of investors, Goldman Sachs upgraded Spotify Technology SA (NYSE: SPOT) from “Neutral” to “Buy” and raised its price target from $320 to $425, representing a potential 26% upside from its current market price.  This endorsement follows Spotify’s robust Q2 performance, which showcased notable increases in premium… Continue reading Goldman Sachs elevates Spotify price target to $425 after strong Q2 earnings: Should you invest?

Last Friday, a software update from the U.S. cybersecurity firm CrowdStrike resulted in a global crash of millions of computers. The company confirmed that the issue was due to a bug in its quality control mechanism, affecting essential services in sectors like aviation, banking, and healthcare. Bug in Falcon Sensor caused widespread crashes CrowdStrike’s Falcon… Continue reading CrowdStrike says bug in software update behind global IT outage

Despite substantial progress in reducing greenhouse gas emissions, the United States remains off track to meet its 2030 targets set under the Paris Agreement. The Biden administration’s extensive green subsidies and new climate regulations have significantly lowered emissions, yet they fall short of the ambitious goal to cut emissions by at least 50 percent from… Continue reading US emissions reductions off track for 2030 targets under Paris accord

Global markets faced turbulence on Wednesday, with Turkish assets experiencing significant declines amid a backdrop of international economic concerns.  The Turkish lira dropped to 32.82 against the US dollar, while the BIST 100 index, Turkey’s primary stock benchmark, fell by 0.74%.  These movements reflect growing instability in emerging markets, exacerbated by ongoing domestic political developments… Continue reading Turkish lira and stocks tumble amid global tech woes and political uncertainty

A significant shift in the way UK consumers handle their financial transactions has been observed, as one in three Britons made contactless payments via phone each month last year. This change comes amid a continued decline in cash usage, signaling a transformation in consumer spending behaviour. Rise of digital wallets and decline of cash The… Continue reading One-third of UK adults now use mobile contactless payments