Nidec agreed with Foxtron Vehicle Technologies, in which the former will supply electric powertrains, according to Bloomberg. The collection of components for the electric vehicle initiative includes motor, gears, and…
The Federal Reserve has no intention to hike rates until at least 2023, as it kept short-term borrowing rates near zero, according to press release. Fed will continue its asset…
China's President Xi Jinping and officials are weighing on the idea of reigning on the “platform economy,” according to Reuters. Officials allege that some platforms are trying to monopolize the…
The U.S and China have set the talks in Anchorage, Alaska between Secretary of State Antony Blinken, National Security Adviser Jake Sullivan and Chinese officials. Beijing will consider a meeting…
Direxion Moonshot Innovators ETF, ticker “MOON,” has risen 39% this year, more than ARK Innovation ETF’s 3.5% gain, according to Bloomberg. MOON’s growth has been linked to its heavier weight…
Chime has reportedly held preliminary talks with investment banks about launching a stock market flotation, according to Reuters. The move is part of the company’s effort to capitalize on a…
Cannabis entrepreneurs and investors are gearing up for further growth as legalization spreads and the economy reopens, according to Reuters. So far, 36 states and the District of Columbia have…
BMW expects its automobile segment to record a solid year-on-year increase in deliveries, according to the company’s press release. The segment’s EBIT margin is projected to rise to between 6%…
Google will reduce the service fee for play store developers from 30% to 15% for the first $1 million of revenue earned each year, according to the company’s blog post.…
Bridgewater Associates Greg Jensen projects a new inflationary wave that could force the Fed to act earlier than planned, according to Bloomberg. Jensen expects Biden’s administration’s “extreme” approach to fiscal…
The U.S solar industry grew 43% year over year and installed a record 19.2 gigawatts of capacity in 2020, according to the Solar Energy Industries Association press release. Now, the…
Volkswagen aims to more than double deliveries of electric vehicles to 1 million this year, according to Reuters. The carmaker is also offering early or partial retirement to older employees,…