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SunPower Corporation (NASDAQ: SPWR) is facing intense scrutiny following a recent analysis by GLJ Research, which has cast a dark shadow over the company’s future.  In a critical report, GLJ Research has labeled SunPower’s stock as “worthless” after the company paused key operations, including lease and power agreements, and product shipments. GLJ Research’s stark assessment… Continue reading GLJ Research labels SunPower stock as ‘worthless’ amid operational halt and financial woes

Former Citigroup managing director Kathleen Martin has filed an amended lawsuit against the bank, alleging intentional deception by its Chief Operating Officer, Anand Selva. Martin claims she was dismissed for refusing to mislead a federal regulator about the bank’s risk management practices. Martin’s lawsuit, filed in Manhattan federal court, asserts that Selva aimed to misreport… Continue reading Citigroup faces amended lawsuit over alleged risk management deception

Wuhan, the bustling city in central China with over 11 million residents, is becoming a global hotspot for driverless technology. Thanks to Apollo Go, a subsidiary of tech giant Baidu (BIDU), self-driving taxis are now a reality in the city.  Offering six-mile rides for just 50 cents, these autonomous vehicles are setting the stage for… Continue reading China’s 50 cents driverless taxi revolution sparks economic and safety debates

ExxonMobil Corp has agreed to sell its Malaysian oil and gas assets to state-owned Petronas, marking a significant shift in the country’s energy landscape. This move will complete ExxonMobil’s exit from Malaysia’s upstream sector, where it was once a prominent player. The transaction aligns with ExxonMobil’s strategic realignment to focus on oil production in the… Continue reading ExxonMobil exits Malaysia, sells key oil and gas assets to Petronas

Eli Lilly (NYSE: LLY) has achieved a major milestone by securing regulatory approval for its weight management drug, Mounjaro, in China.  This development, confirmed through the company’s official WeChat account, represents a significant expansion in Eli Lilly’s global footprint. The approval was granted by the National Medical Products Administration (NMPA), China’s regulatory authority for pharmaceuticals. … Continue reading Eli Lilly secures weight loss drug approval in China: How do rivals stack up?

On Friday, a significant IT outage linked to a software update at CrowdStrike Holdings Inc. (NASDAQ: CRWD) caused widespread disruptions across multiple industries, including healthcare, air travel, and financial services.  Despite the CrowdStrike-related issue, the New York Stock Exchange (NYSE) confirmed it was “fully operational” and expected a normal trading session.  Similarly, Nasdaq reported that… Continue reading CrowdStrike’s IT meltdown: Did it shake up US stock exchanges on Friday?

CATL, the world’s biggest electric vehicle (EV) battery manufacturer, has achieved a groundbreaking milestone by successfully testing a battery that powers a four-ton electric aircraft.  This advancement marks a significant step forward in the development of commercial electric planes, which could play a crucial role in reducing aviation’s impact on global warming. CATL’s new battery… Continue reading World’s largest EV battery maker CATL powers 4-ton electric plane, marks major progress in aircraft electrification