KraneShares launches AGIX ETF amid market volatility, betting on robust demand for AI technologies

KraneShares has introduced AGIX, an exchange-traded fund (ETF) designed to mirror the performance of companies developing and implementing AI technologies.  The fund focuses on three main areas: hardware, infrastructure, and applications. The ETF has an annual operating expense of 1%. What’s so special about KraneShares’ AGIX ETF? The recent launch of KraneShares’ AI-themed ETF AGIX… Continue reading KraneShares launches AGIX ETF amid market volatility, betting on robust demand for AI technologies

Serve Robotics stock soars 140% after Nvidia reveals major stake

Serve Robotics Inc (NASDAQ: SERV) saw its stock price skyrocket by 140% on Friday following the announcement that AI giant Nvidia Corp (NASDAQ: NVDA) had acquired a substantial stake in the company, which specializes in low-emissions sidewalk delivery robots. Nvidia’s strategic investment Nvidia invested over $3.7 million to purchase just over 1 million shares of… Continue reading Serve Robotics stock soars 140% after Nvidia reveals major stake

Plug Power plummets 15% amid $200 million stock offering: Should you buy?

Plug Power (PLUG) shares have taken a 15% nosedive following the company’s announcement of a substantial $200 million stock offering.  This steep drop, triggered by the issuance of over 79 million shares priced at $2.54 each, has investors questioning whether this represents an attractive buying opportunity.  As the company grapples with both financial and political… Continue reading Plug Power plummets 15% amid $200 million stock offering: Should you buy?

GLJ Research labels SunPower stock as ‘worthless’ amid operational halt and financial woes

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

Citigroup faces amended lawsuit over alleged risk management deception

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

China’s 50 cents driverless taxi revolution sparks economic and safety debates

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 exits Malaysia, sells key oil and gas assets to Petronas

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