China’s homegrown Tesla rivals are racking up sales in the world’s largest auto market. Electric car start-ups Nio, Li Auto and Xpeng each announced in the last few days that deliveries surged in 2020 to close out the year with new monthly highs. The strength in demand reflects the overall recovery in China’s economy and […]
Failed mobile-first streaming service Quibi is in advanced discussions to sell the rights to its content library to Roku, according to The Wall Street Journal. The report doesn’t indicate a potential price for the acquisition, and notes that the two parties may not reach a deal. If it were to happen, the deal could give […]
Bitcoin traded at $33,365 in Asia on Monday, after soaring to a record high of $34,800 on Sunday as investors continue to bet the digital currency is on its way to becoming a mainstream asset. The latest milestone for the world’s most popular cryptocurrency came less than three weeks after it crossed $20,000 for the […]
The decision by the New York Stock Exchange to delist three Chinese telecommunication giants has drawn ire from China — but analysts say Beijing is unlikely to take significant action to retaliate against Washington. The stock exchange announced Thursday it will delist China Telecom, China Mobile and China Unicom. Trading is due to be suspended […]
Almost a quarter of all household wealth in the UK is held by the richest 1% of the population, according to alarming new research that reveals a historic underestimation of inequality in the country. The study found that the top 1% had almost £800bn more wealth than suggested by official statistics, meaning that inequality has […]
The world’s 500 richest people added approximately $1.8 trillion to their combined wealth in 2020, bringing them to a total net worth of $7.6 trillion, according to the Bloomberg Billionaires Index. Bloomberg noted that the 31 percent increase, which came even amid the economic crisis spurred by the coronavirus pandemic, is the largest annual gain […]
Some workers across the country will be seeing wage increases in the new year. Nineteen states are raising their minimum wages starting Friday, while New York’s increase began Dec. 31 The biggest bump is happening in New Mexico, which increased its minimum wage by $1.50 to $10.50. The 19 other states will see increases between […]
Tesla said Saturday that it delivered 180,570 electric vehicles in the fourth quarter, beating its previous record as well as Wall Street expectations. The electric automaker produced 179,757 vehicles total. For the year, Tesla delivered 499,550 vehicles in 2020, slightly missing its most recent guidance of 500,000 vehicles. At an annual shareholder meeting earlier this […]
Bitcoin has just closed out one of the biggest years in its history, second only to the crypto-mania fueled retail rally of 2017. The bitcoin price has added over 300% during the last 12 months, climbing past its 2017 highs amid renewed institutional interest and the prospect of broader mainstream adoption. Now, as the bitcoin […]
This past week, the US government made the single biggest, most impactful set of changes to drone law we’ve yet seen — ruling that almost every drone in US airspace will need to broadcast their locations, as well as the location of their pilots, in order to “address safety, national security, and law enforcement concerns […]
Oil demand from China has been one of the few bright spots for a global petroleum industry severely impacted by a long-term global supply glut and the economic fallout from the COVID-19 pandemic. The world’s second-largest economy hunger for energy keeps growing despite the global COVID-19 pandemic and a resultant sharp decline in global economic […]
Even though many traditional New Year’s Eve parties aren’t happening this year, millions of Americans will still crack open a cold one at home tonight and bid farewell to 2020. But some small beer makers are having difficulty getting their brews on store shelves. Business at the restaurant and brewery Gravity Heights fizzled when the […]
