
U.S. Factory Output Rises in August as Motor Vehicle Production Rebounds
Sep 18, 2024 15:02 pm UTC| Business Technology Economy
U.S. factory production rebounded in August, with a 0.9% increase driven by a sharp recovery in motor vehicle output. After a 0.7% decline in July, the Federal Reserves report signals improvements in the manufacturing...

Elon Musk Confirms SpaceX Will Sue FAA Over Regulatory Overreach and Launch Violations
Sep 18, 2024 14:55 pm UTC| Business Technology Law
Elon Musk revealed that SpaceX will file a lawsuit against the FAA, accusing the agency of regulatory overreach. This follows the FAAs announcement of over $600,000 in penalties for violations during two 2023 SpaceX...

BlackRock and Microsoft Launch $30B AI Fund with Nvidia's Expertise
Sep 17, 2024 23:42 pm UTC| Technology Business
BlackRock and Microsoft have launched a $30 billion fund dedicated to investing in artificial intelligence infrastructure, focusing on data centers and energy projects. Nvidia will provide expert guidance, while Abu...

Solana Is No Terra Luna: Justin Bons Slams Comparisons, Praises SOL’s Resilience
Sep 17, 2024 23:28 pm UTC| Digital Currency Technology Business
Justin Bons, CIO of Cyber Capital, strongly dismissed comparisons between Solana and Terra Luna, arguing that Solanas inflation control and burn rate make it a much more sustainable project. He highlighted Solanas...

Sep 17, 2024 22:58 pm UTC| Technology Business
PepsiCo, Maersk, and Microsoft have teamed up to launch the first-ever electric truck corridor with advanced charging infrastructure, spanning from Los Angeles to El Paso, pushing the boundaries of sustainable freight...

BYD Still Poised to Offer Cheapest EV in US Despite 100% Tariff on Imports
Sep 17, 2024 21:45 pm UTC| Technology Business
Despite a new 100% tariff on Chinese EV imports, BYD will still offer the cheapest electric vehicle in the US, priced under $25,000. Tesla remains dominant but has yet to hit the $30,000 mark. BYDs Price Unaffected by...

$250 Million Bitcoin Grab: ETFs Make Bold Move Ahead of Federal Reserve Rate Shift
Sep 17, 2024 21:32 pm UTC| Digital Currency Technology Business
Bitcoin ETFs made a bold $250 million purchase of BTC within a single day, marking the largest acquisition in over a month. As the Federal Reserve prepares to announce potential rate cuts, all eyes are on cryptos next...